Press Release

Source: Moon Bahamas

Bechtel Joins MOON Team

Friday April 22, 6:00 am ET

Michael R. Henderson, Chairman, RJH Holdings today announced the appointment of Bechtel Infrastructure Corporation as the projects Building and Civil Contractors.

NEW YORK--(BUSINESS WIRE)--April 22, 2005-- "MOON Bahamas currently has some 30 professional organizations, helping create the world's most spectacular resort and real estate development. The appointment of Bechtel Infrastructure gives one reassurance the complexities of MOON Bahamas can be brought to life on time and on budget with the utmost care and attention given to the beautiful environment which surrounds MOON Bahamas chosen location off the Coast of Grand Bahama Island. The entire global MOON Team joins me in welcoming Bechtel Infrastructure to our exclusive group, we are delighted to have this world class organization on board," said Michael R. Henderson, Chairman, RJH Holdings.

"Bechtel Infrastructure is excited to join with such a capable team of global companies to help with the execution of this world class project," said Carl Rau, President, Bechtel Infrastructure Corporation.

Additionally, The MOON Bahamas Team continues to grow with the appointment of the following companies.

Building & Civil Contractors - Bechtel Infrastructure Corporation - Maryland, USA

Lunar Excursion Specialists - AMEC Dynamic Structures - Vancouver, Canada

Monorail Consultants - Lea + Elliott - Seattle, USA

Technical Traffic Flow Management - Exinda Networks - Surrey, England

Telescope Design and Manufacturer - AMEC Dynamic Structures - Vancouver, Canada

Strategic Entertainment Marketing - Propaganda - Los Angeles, USA

Ground Engineers - Keller Group plc - London, England

Manpower, Security and Facility planning - Booz Allen Hamilton - Virginia, USA

Virtual Moon Simulation - Lunar Explorer - New Jersey, USA

Wide Area Network Consultancy - Mountlink International - Guildford, England

Atmospheric Water Generation Specialists - Hendrx - San Diego, USA

Aerospace Replicas - Guard-Lee, Apopka, USA

Hospitality Performance Consultants - HPI, Merrimac, USA

Water Screen Events - TVA Productions, Studio City, USA

Project Development

The projects pre-feasibility study will be completed by July 2005. The detailed feasibility study remains on schedule for completion and submission to Government by December 2005.

About Bechtel

Bechtel is one of the world's largest engineering-construction firms, providing premier technical and management services to develop, manage, engineer, build, and operate projects for clients worldwide. Today Bechtel employs some 40,000 people working on 900 projects in 60 countries. Bechtel combines the latest technology, unrivaled management expertise, industry leading financing support capabilities, and more than a century of experience delivering maximum value to its clients and the communities in which they work. Bechtel's 105-year history is founded on successfully creating solutions to meet the challenges of major civil infrastructure projects in the United States of America and worldwide. Bechtel Infrastructure Corporation serves civil infrastructure markets in North and Central America, including rail and transit; highways, tunnels and bridges; airports; buildings, urban development; and hydroelectric power. These markets include a wide variety of public and private clients for whom Bechtel have tailored a full range of services; feasibility studies, planning, project development and financing support, sustainable development, environmental remediation, design, procurement, project management, construction management, and construction. From airport, rail and highway systems to regional development programs; from office towers to theme parks and resorts, Bechtel helps clients build the infrastructure necessary to improve quality of life and sustain economic growth. By 2004 Bechtel had completed 17,000 miles of highways, 10,500 miles of railroads, 80 airports, 30 metropolitan rapid transit systems, 25 major bridge projects, 35 major tunnel projects, 25 new towns, 80 ports and harbors, 105 dams, 160 hotels and resorts and 50 hospitals and medical facilities. For additional information on Bechtel view the company's web-site at http://www.bechtel.com

About MOON Bahamas

When complete MOON Bahamas will be the worlds largest, most expensive, most exclusive and most spectacular resort and real estate development. The project is a tribute to earth's closest celestial partner and as such is built on an enormous scale. MOON Bahamas will comprise of five man made islands which will house the worlds largest casino, worlds largest and tallest hotel with 12,000 suites, multiple resort attractions including extravagant entertainment facilities, ten cruise ship terminals, 50 of the worlds best restaurants with their star chefs, the worlds largest resort wine cellar, the worlds largest Mega yacht marina, aquatic centre, real estate (22,000 freehold Condominiums & 1000 fractional ownership ocean villas), convention centre and sports facilities which will include four PGA golf courses. Moon Bahamas is designed to live in harmony with nature and will include one of the world's largest artificial coral reefs. MOON Bahamas will be brought to life by the worlds "Best of the Best" and when opened will truly represent "the first wonder out of this world." For more information on MOON Bahamas, visit http://www.moonbahamas.com

About Grand Bahama Island

Grand Bahama is one of the worlds most spectacular Island retreats. Lying in beautiful crystal blue azure waters just 65 miles off the coast of Florida, Grand Bahama Island is a 25 minute flight from Miami and 2 hour flight from New York City. The picturesque paradise is home to world class water sports, an abundance of wildlife and of course the famous Bahamian hospitality. At its widest point of 17 miles the 96 mile long Island is the forth largest of the 700 magnificent islands which make up The Commonwealth of The Bahamas. Grand Bahama boasts an interesting history, extremely promising future and is home to some of the friendliest people in the world. For more information on Grand Bahama, visit http://www.bahamas.com or http://www.gbpa.com

Contact:

MOON Bahamas
Michael R. Henderson
Creator
(604) 762-1962
Fax: (604) 947-2054
mrh@moonbahamas.com
http://www.moonbahamas.com