Recife, Brazil, July 13, 2007 -- Essential Worldwide, one of the leading real estate development companies with offices in Marbella (Spain) and Casablanca (Morocco), announced today again another Exclusive European Pre-Launch of the 'The Reef Club Resort', a unique worldwide concept in modern luxury resort destinations with health, vitality and the natural environment at its very heart. Its flagship 'The Reef Club Resort at Praia do Porto - Pernambuco' in Property Hotspot North East Brazil is being developed in keeping with its natural environment. 

This master-planned luxury golf & beach resort consists of two significant master phases totalling 560 hectares, which have been sub-divided into 15 smaller phases and will result in the creation of a modern holiday home resort with a 2 million m2 protected nature reserve and 5km beach frontage. The outline planning consent of this tropical paradise projects 481,500 m2 of constructed area. The development will total 75,000 m2 of commercial space consisting of hotels, restaurants, retail and state-of-the-art marina. What is being released right now to the overseas investors market are 260 low-rise two and three bedroom luxury apartments in Phase 1 of this typical tropical top quality beach house style. Featuring wood and many natural materials, while the ethos of the resort will place a strong emphasis on health and well-being.

• Payments conditions are unique for Brazil: 30% down on contract, 70% on completion.
• Fully legal.
• Mortgage based on 70% LTV and all payments bank guaranteed by Grupo Santander from Spain.
• Guaranteed Rental Income Scheme.
• Construction starts in 45 days.
• Prices starting at 140k Euro.