FIMA, Inc. (Pink Sheet: FIMA)

FIMA Development, Inc. began in 2007 as a real estate acquisition, development and consulting firm, specializing in planning, development, managing and marketing of luxury real estate in the rapidly expanding resort areas of Latin America, including the famous Caribbean island of Cozumel and the prestigious locales along the Mexican Riviera. The Company has been involved in several projects, and has developed a network of relationships and contacts throughout the region.

Breaking *NEWS* >From FIMA

Press Release Source: FIMA, Inc.
Monday August 18, 8:30 am ET

HUNTINGTON BEACH, CA--(MARKET WIRE)--Aug 18, 2008 -- FIMA, Inc. (Other OTC:FIMA.PK - News) announced today that its subsidiary, Garcia y Garcia Concreto y Diseño Arquitectonico, has begun the initial construction phases for two residential units in the prestigious Las Playas neighborhood of Veracruz, Mexico. Several operations have already been completed, including leveling of the site and excavation for water and sewage works, and the construction has already proceeded to the foundation phase. FIMA will be posting photos of the construction at its website (www.fimadevelopmentinc.com) shortly, and will be updating these photos to allow viewers to track the progress of the development.

According to a FIMA spokesperson, "This is an exciting development for us. The Las Playas neighborhood in Veracruz is one of the most sought after in the entire city, and it is a validation of our growing presence in the region that we have been able to secure a project in this prominent neighborhood. We will be pre-selling the residential units at a discounted rate, and further details are available on our website at www.fimadevelopmentinc.com. We will be adding more detailed architectural renderings and construction photos very soon."

About FIMA, Inc.:
FIMA is engaged in a diverse range of land development and utilization activities, such as the acquisition of raw land and the design and construction of commercial and luxury real estate in the resort regions of Mexico, resource exploration and development in Central and South America, and the acquisition and development of mining properties and mining rights in Central and South America. FIMA operates several subsidiaries, including a prestigious architectural design and construction firm based in Puebla, Mexico, as well as an integrated resource exploration and mining company with holdings in the prolific gold- and silver-producing regions of Colombia. For more information, visit the Company website at: http://www.fimadevelopmentinc.com.

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.
     714-847-2460
           
Source: FIMA, Inc.

These designer homes are brand new construction and contain a host of amenities designed to appeal to the most discriminating customer. Each free-standing home features a fully equipped gourmet kitchen with breakfast bar and designer cabinetry, vaulted ceilings, manicured gardens both in the front and rear of the house, a dual garage, and much more. Both of the bedrooms feature a full bathroom, including an expansive master suite with a huge, en-suite bathroom.

About FIMA, Inc.

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.
Friday August 1, 8:32 am ET

HUNTINGTON BEACH, CA--(MARKET WIRE)--Aug 1, 2008 -- FIMA, Inc. (Other OTC:FIMA.PK - News) announced today that through its subsidiary, Garcia & Garcia Construction and Design, the Company has agreed to terms for the acquisition of two parcels in the highly sought-after section of Las Palmas in Veracruz, Mexico. Garcia & Garcia have already begun the process of creating plans and architectural renderings for the project, and construction should be able to begin shortly. Zoning and density are not an issue, and the infrastructure including electrical, water, and sewer are in place, substantially reducing the anticipated costs of construction.

According to a FIMA company spokesperson, "The Las Palmas section of Veracruz is an extremely desirable location, and we are very pleased to have this opportunity. Veracruz is the number one port in all of Mexico, and one of the country's fastest growing metropolitan areas. Based partly on the desirability of the location, along with the growing reputation of Garcia & Garcia in the region as a result of their growing portfolio of projects, we expect to be able to pre-sell the units within an extremely short time. As a result, our capital expenditure will be minimal. Also, lending policies in Mexico and Latin American have traditionally been much more restrictive, so unlike the real estate market in the U.S., that in Mexico has been largely unaffected by the subprime fallout. Consequently, we are able to participate in a robust and growing sector that we feel continues to present excellent expansion opportunities. We believe that this latest project will add to our growing portfolio."  MORE

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
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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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