FIMA Inc., (Pink Sheet: FIMA)

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Today's featured company is on a declared mission to diversify the company and its shareholder's interests under the broad banner of land development. After a rocky few weeks that saw shares tumble after the company was the victim of an unsolicited spam campaign, the stock is trading at a huge discount to where it was just weeks ago, despite having issued more positive news this morning. It will be interesting for investors to monitor Fima Inc. (Pink Sheets:FIMA) as they roll out a pretty bold business plan.

Today, the company has added to its resouce exploration initiatives a stated desire to identify opportunities in luxury land development in what many believe is going to be one of the hottest travel destinations in the Caribbean (more below). Take a peek at the news below and be sure to keep FIMA on your stock watchlist.

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Breaking *NEWS* From FIMA

FIMA, Inc. (Pink Sheets: FIMA), an emerging diversified land development company, announced today that its subsidiary, Islandwide Development Corp. (IDC), has located and is in the process of vetting potential acquisitions in the Samana peninsula of the Dominican Republic. This part of the island has long been famous for sweeping expanses of sandy beaches, crystal clear waters with vibrant coral reefs, and coconut-covered mountains that plunge dramatically into the sea. Listed as one of the 25 best locations in the world by Conde Nast Traveler, the Samana peninsula was once its own island, separated from the mainland by a narrow channel until the late 19th century. As a result, its pristine natural beauty has remained largely immune from large developers, and its spectacular beaches, stunning waterfalls, and breathtaking scenery all retain their allure. With an impressive array of attractions and activities that include snorkeling, scuba diving, whale watching, or sunbathing on one of the many open beaches, the Samana peninsula seems destined to become a prime destination in the Caribbean.

According to a Company spokesperson, "Samana is being touted as one of the next great hotspots for luxury and resort real estate development in the Dominican Republic. Our own extensive research has indicated that this area is one of the world's best-kept secrets in terms of a desirable destination for vacation or living in the Caribbean, with a tremendous combination of spectacular scenery, reliable and highly developed infrastructure, and the tremendous natural beauty that have drawn so many to this part of the world. We are very pleased that our subsidiary IDC has been able to utilize its network of contacts in the region and locate opportunities for FIMA that will ultimately result in enhanced value for our shareholders."

About FIMA and Islandwide Development Corp. (IDC):

FIMA's subsidiary Islandwide Development Corp. (IDC) is a real estate management and development company actively involved in luxury villa and resort projects across the Caribbean Community, otherwise known as CARICOM, a free trade agreement that was organized to provide a continued economic linkage between the English-speaking countries of the Caribbean. Operating within the CARICOM Single Market and Economy (CSME), IDC is headquartered in the CARICOM member nation of St. Lucia, an ideal location from which to focus efforts in locating, developing and managing real estate projects across the Caribbean. More importantly, IDC's location is advantageous for any project that is undertaken in the region due to the ability to move capital and resources throughout the region with little or no restrictions.

Safe Harbor Statement:

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
Contact: FIMA, Inc. info@fimadevelopmentinc.com 714.847.2460

SOURCE FIMA, Inc
 

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About FIMA

FIMA Inc. (Pink Sheets: FIMA) is an emerging land development company incorporating resource exploration & mining, oil & gas exploration and extraction, and commercial and luxury residential real estate development in Central and South America.  As an integrated resource exploration and mining company, FIMA has holdings in some of the most prolific gold and silver producing regions of Colombia.

FIMA's wholly-owned subsidiary, GoldSource Inc., has permits to mine and explore 14 hectares near Bogota, Colombia.  GoldSource recently announced that it had contracted the final environmental study based on the final mine design flow line for its Los Mates gold and silver project in Colombia. This latest step is one of the final regulatory hurdles for the Company before it begins the actual extraction process.

FIMA is understandably anxious to move past the final regulatory steps in order to commence further operations at the Los Mates project, particularly in view of the most recent geology report detailing the amount of proven, probable, and possible gold and silver reserves at the site. However, FIMA is committed to conscientiously observing all of the necessary legal and regulatory requirements so that it can maintain sustained, healthy production levels for years to come.

Part of the Company's optimism stems from the tremendous opportunities in the current gold market. Global production of gold was at its peak in 1999 at just over 2600 metric tonnes, but has since hovered at or just below 2500 tonnes per annum every year since (Source: goldsheets.com). These production levels are not sufficient to meet annual global demand which has averaged more than 3800 metric tonnes from 1997 to 2002, creating a production shortfall of approximately 50% per annum (Source: World Gold Council). This tremendous disparity has been made up through the reintroduction of scrap into the market and the gradual sale of central bank gold reserves. However, as India and China, the world's largest and third-largest consumers of gold respectively, continue to industrialize, demand seems likely to increase, but the supplies of gold reserves in central banks cannot make up for the production shortfall indefinitely. 

FIMA's wholly-owned subsidiary, Standard Minerals, currently holds 24 individual oil and gas leases in highly productive region of Southeast New Mexico, adjacent to the Permian Basin of West Texas. 

The Permian Basin is located in West Texas and the adjoining area of Southeastern New Mexico. It underlies an area approximately 250 miles wide and 300 miles long. Historically a black-oil region, the Permian Basin has turned increasingly to natural gas over the past decade. Recent data show about a third of drilling activity directed to natural gas. Some gas is associated with oil, but drilling directed to exclusively deep gas or gas in tight sands has been active for some time, and unconventional gas in the Barnett and Woodford shale formations is now attracting significant interest. Today, the Permian Basin produces 16.4 percent of the nation’s oil and 7.1 percent of its natural gas (Source: Southwest Economy). Between 4,000 to 5,000 oil and gas fields have been discovered in the Permian Basin. From the 1920’s into the 1980’s 5% of the world’s oil and gas production was from the Permian Basin (Source: KFUPM).

New Mexico has long been a highly productive region for oil and gas. For instance, in 2007, the state produced 1,525,078,162 Mcf of natural gas, and 58,972,733 barrels of oil (Source: New Mexico Energy, Minerals and Natural Resources Department). At a commercial price of $11.37/Mcf for natural gas (the most recent price listed by the Energy Information Administration), this level of production of natural gas translates to $17,340,138,702 of natural gas. And with crude oil prices above $130/bbl, the 2007 production levels of New Mexico equate to a market value of approximately $7,853,398,853.

FIMA also owns a prestigious architectural design and construction firm based in Puebla, Mexico.  FIMA specializes in planning, development, management and marketing of projects, requiring the highest standards of execution for the most discriminating clients and has current projects on the Mayan Riviera.

FIMA Development, Inc. began in 2007 as a real estate acquisition, development and consulting firm focused on the famous Caribbean island of Cozumel and the prestigious locales along the Mexican Riviera. FIMA management immediately began developing a network of relationships and contacts throughout the region. 

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Diversification

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Resort and Vacation Destinations
Commercial and Residential Properties
Oil & Gas Development
Gold and Silver Exploration

• FIMA has a current interest in 49% the “Los Mates Mining Project” in Bogota Colombia
• FIMA currently holds 24 oil and gas leases that are presently nonproducing
• FIMA owns 49% of its subsidiary Garcia y Garcia Concreto y Diseño Arquitectónico that was established as a Puebla, Mexico Corporation (Sociedad anonima de Capital Variable S.A de C.V. ) with core operations in the architectural design and construction in Mexico
• FIMA's wholly owned subsidiary Islandwide Development Corporation was incorporated on the island of St. Lucia (Caribbean) in February 2008 with offices in St. Lucia and St. Vincent

Recent News for FIMA

Press Release Source: FIMA, Inc.
Thursday July 10, 8:30 am ET

HUNTINGTON BEACH, Calif., July 10 /PRNewswire-FirstCall/ -- FIMA, Inc. (Pink Sheets: FIMA - News), an emerging diversified land development company, announced today that the Company has received the final version of a sector analysis prepared for the Company by Source Advisors, an independent investment research and analysis firm specializing in the small- and micro-cap markets. Source Advisors analyzed the market conditions and outlook for the three primary markets in which FIMA is engaged: Oil and Gas in New Mexico, Gold and Precious Metals in South America, and Real Estate in Mexico. The report can be accessed through the website for Source Advisors (http://www.sourceadvisors.com) as well as through the website of FIMA's investor relations representative InvestSource (http://www.investsourceinc.com).

According to a FIMA company spokesperson, "We commissioned this report in part to clarify our corporate strategy and to ensure that the direction that we envision is supported by the market conditions. We believe that there are substantial favorable conditions in these markets, and much of our own internal research has been confirmed by the report from Source Advisors. Each of these sectors presents unique opportunities that we are actively engaged in pursuing, and this recent report has given us some reassurance that we are on the right track."  MORE

Press Release Source: FIMA, Inc.
Monday June 30, 8:30 am ET

HUNTINGTON BEACH, Calif., June 30 /PRNewswire-FirstCall/ -- FIMA, Inc. (Pink Sheets: FIMA - News), an emerging diversified land development company, announced today that its wholly-owned subsidiary Standard Minerals is seeking an independent assessment of its holdings in New Mexico. Currently, Standard Minerals holds 24 individual oil and gas leases in southeastern New Mexico. These leases cover more than 11,000 acres of highly sought-after land adjacent to the historically productive Permian Basin that runs through West Texas and southeastern New Mexico and produces 16.4 percent of the nation's oil and 7.1 percent of its natural gas.

According to a spokesperson for FIMA, "We acquired the leases in New Mexico for several reasons, such as their proximity to the historically productive Permian Basin as well as the excellent outlook for oil and gas prospects in both the short and long term. We believe that a thorough, independent analysis of the property in order to narrow our focus and determine the most promising points to begin drilling is the most prudent step for our Company and to protect the interest of our shareholders. We believe that the current conditions of the energy market present superb opportunities, and we are committed to pursuing those opportunities in the most effective and responsible way possible."  MORE

Press Release Source: FIMA, Inc. 
Wednesday May 21, 8:30 am ET 

HUNTINGTON BEACH, Calif., May 21 /PRNewswire-FirstCall/ -- FIMA, Inc. (OTC: FIMA - News), an emerging land development company incorporating resource exploration and mining, oil and gas exploration and extraction, and commercial and luxury residential real estate development in Central and South America, announced today that its subsidiary, Garcia & Garcia, has won the contract for a substantial remodeling project for El Dictamen (http://www.eldictamen.org), the oldest and one of the most prestigious dailies in Mexico. The project, designed by architect Benedicto Garcia Corona, will involve extensive remodeling of the newspaper's executive offices in Veracruz, and will take an estimated seven weeks and bring the Company $MXN 2,000,000 (approximately $USD 200,000).

According to a Company spokesperson, "This is of course terrific news both for Garcia & Garcia as well as for FIMA, and clearly demonstrates why were so pleased to add them to our team. The design and construction services of Garcia & Garcia are an important addition to our capabilities, and they add a vital presence in Mexico. This latest project for such a prominent organization as El Dictamen should only further enhance our reputation in Latin America, and we are very optimistic about our prospects for the future in this rapidly developing region."  MORE

HUNTINGTON BEACH, Calif., May 12 /PRNewswire-FirstCall/ -- FIMA, Inc. (Pink Sheets: FIMA - News), an emerging land development company incorporating resource exploration and mining, oil and gas exploration and extraction, and commercial and luxury residential real estate development in Central and South America, announced today that its subsidiary GoldSource has contracted the final environmental study based on the final mine design flow line for its Los Mates gold and silver project in Colombia. This latest step is one of the final regulatory hurdles for the Company before it begins the actual extraction process.

According to a Company spokesperson, "We are understandably anxious to move past the final regulatory steps in order to commence further operations at the Los Mates project, particularly in view of the most recent geology report detailing the amount of proven, probable, and possible gold and silver reserves at the site. However, we are also going to be very careful to conscientiously observe all of the necessary legal and regulatory requirements so that we can maintain sustained, healthy production levels for years to come."

Part of the Company's optimism stems from the tremendous opportunities in the current gold market. Global production of gold was at its peak in 1999 at just over 2600 metric tonnes, but has since hovered at or just below 2500 tonnes per annum every year since (Source: http://www.goldsheets.com). These production levels are not sufficient to meet annual global demand which has averaged more than 3800 metric tonnes from 1997 to 2002, creating a production shortfall of approximately 50% per annum (Source: World Gold Council). This tremendous disparity has been made up through the reintroduction of scrap into the market and the gradual sale of central bank gold reserves. However, as India and China, the world's largest and third-largest consumers of gold respectively, continue to industrialize, demand seems likely to increase, but the supplies of gold reserves in central banks cannot make up for the production shortfall indefinitely. MORE

HUNTINGTON BEACH, CA--(MARKET WIRE)--May 1, 2008 -- FIMA, Inc. (Other OTC:FIMA.PK - News), an emerging land development company incorporating resource exploration and mining, oil and gas exploration and extraction, and commercial and luxury residential real estate development in Central and South America, announced today that the Company has reached an agreement to acquire a controlling interest in Island Wide Development, Inc., a Caribbean land development group based on the island of St. Lucia. As a result of this acquisition, FIMA, through its subsidiary, Islandwide Development, will now be able to pursue additional opportunities and targets in the Caribbean.

According to a Company spokesperson, "This is an exceptional opportunity for FIMA. Through our new subsidiary, we are now in a position to take advantage of the legal and regulatory environment in the Caribbean that grants special exemptions and privileges to those companies that are based in the Caribbean. In addition, this recent acquisition is a natural extension of our current operations, and we are confident that we will be able to reduce or eliminate redundancies and enhance operation efficiency as we move into this exciting region." MORE
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Financial Highlights For  FIMA

Company Contacts

FIMA, Inc.
6352 Santa Ynez Drive, Huntington Beach, CA 92647 
Phone: 714-847-2460 - Fax: 714-847-4987
info@fimadevelopmentinc.com
http://www.fimadevelopmentinc.com

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