Hidden for Four Decades from the Eyes of the
World – But Accessible Today – the Stretch
of Riviera Coastline Between Italy and Greece
is Staging a Dramatic Comeback…

A Comeback that Could Hand You
Double – and Triple – Digit Gains on
Europe's Emerging Frontier

Value Investing on Europe's “Hidden Coastline”
September 15-28, 2008

Dear Property Hunter and Traveler,

Tucked between Italy and Greece is a jaw-dropping stretch of coastline.

Here, sky-high mountains plunge into the sea. A thousand islands dance off the shore. Beaches tuck into protected coves. Fishing boats and pleasure craft moor with a bright blue Adriatic as backdrop.

But for nearly half of the last century, you couldn't get in to see much of it. Certainly couldn't buy there.

Today, though, it's a different story entirely.

All of a sudden, this full stretch of waterfront is accessible. And it's under-valued.

In a way, the 40-plus years this land sat unnoticed have served it well. Because much of it is entirely untouched. And a certain stretch -- arguably the most beguiling -- is slated to join the EU as early as next year.

It means that right now you're looking at a window of opportunity for great potential gains.

A chance, within the next few months, to stake your own claim -- and stand to benefit handsomely when property values take a jump.

They did just that in the Czech Republic when that country became an EU member. And it was the same story in Bulgaria, too. In Slovenia, property prices are said to have immediately tripled when that nation joined the EU in May 2004.

This "Hidden Coast" is next in line.

For thirteen days in September, I'd like to take you there. With insiders to guide us, we'll introduce you, firsthand, to the great beauty -- and profit potential -- this next Riviera offers.

Right now, with the U.S. economy on the verge of recession (arguably already in it) and the U.S. dollar at record lows, it only makes sense to look beyond our borders not just for financial protection, but for significant potential gains.

Along this "Hidden Coast," you have a region where the economy is expanding, and where the market isn't dependent on America for its growth.

Here, on the Adriatic Sea in Croatia… Montenegro… and Albania… you'll find the waters impossibly blue and the opportunity for gains truly remarkable. The kind of opportunity that comes around once in a generation -- if you're lucky.

Here you can enjoy coffee at a sidewalk café… or fresh seafood in a family-run bistro (where you can sip wine and look out across the sparkling waters toward Italy). You can relax on the beach, hike, shop, explore ancient cities…

Once a vacation destination for the likes of Sophia Loren, Richard Burton, and Elizabeth Taylor, it is now a region on the cusp of being rediscovered. I'd like to ensure you're positioned among those who stand to gain the most.

From September 15-28, 2008, please join me and Chris Mayer, editor of Capital & Crisis and Mayer's Special Situations, as we put ourselves in the midst of extraordinary opportunity.

Chris is a financial analyst known for his expert knack in fingering unique and unconventional situations and finding a way to profit from them. He'll have his eyes wide open on this trip, and those of us at his elbow will no doubt benefit.

On this trip, we'll meet in Vienna, Austria where we'll gain an investment-opportunity overview. Then we'll explore several different markets as we head south along the Adriatic coast -- from a relatively mature market in Istria, Croatia to ground-floor opportunities along Montenegro's and Albania’s coastlines. We'll then head just a bit farther south to depart Europe from Greece.

We’ll see ancient historic sites along the way, and we’ll visit some places that have been virtually closed to the world until recently...

Before the early 1990’s, it was difficult to travel in parts of Central and Eastern Europe. Sure, Yugoslavia had long been a popular holiday destination for Europeans. But many of this region's wonders had been kept secret from the outside world for nearly 50 years.

It was impossible for outsiders to buy real estate. And then, for the ensuing 10 years, adjustment, transition, and conflict gripped the Balkans.

But, more recently, things have changed.

The Rebirth: Vacationers & Investors are Returning in Droves, Which Spells Opportunity for You

This region has emerged with new hope… and new optimism…

The people here enjoyed a very high standard of living before WWII. Now… they are poised to reclaim that prosperity. And we'd like to help you secure your own prosperity right along with them.

Central and Eastern Europe is one of the richest hunting grounds in the world -- both for travelers seeking new experiences in a sophisticated enclave and investors on the trail of profits.

Europe accounts for 60% of the world's tourist visits -- head and shoulders above any other region. Tourism development is one of the key sectors for growth and investment along this "Hidden Coast."

Nearby countries like the Czech Republic and Hungary have matured fast. Their beauty and historical charm restored, real estate has provided rapid fortunes for a brave band of early-bird investors… and the run isn't over yet!

Today, along Europe's "Hidden Coast," there's massive opportunity… but it won’t last forever.

Let me give you a point of reference: Today in this region you can own a small, two-bedroom home with a lovely ocean view for as little as $130,000. Just compare that to what you’d pay along the French Riviera. Outside of St. Tropez, for instance, a 1-bedroom apartment with a water view – tidy but charmless – will run you at least $340,000.

I hope you'll join us this September to take advantage of the good timing and good values you’ll find right now along this “Hidden Coast.”

Your Personal Hosts for this
Amazing Profit-Hunter's Adventure

As I mentioned, we'll have Chris Mayer of Capital & Crisis with us throughout this journey. I can't imagine a more charming -- or well-informed -- traveling companion. He'll be with us to share his perspective as a seasoned analyst and give you the insights you need to make smart choices about the many opportunities you'll find on the ground.

Plus in addition to Chris, we'll have the benefit of local guides who are more than just excellent hosts. Without question, you can rest assured you'll be comfortable and well-tended throughout this trip. We'll be staying in four- and five-star properties and dining extremely well.

There will be no "roughing it," let me assure you. (To give you a sense for what we have in store: At one point we'll travel by train -- from Austria into Croatia -- and our group will be in a private salon car that used to be part of the Austrian Presidential Fleet.)

So I can guarantee you luxury, pampering, and -- perhaps even more important -- access. Gail Geerling and Jocelyn Carnegie of Frontier Properties -- our on-the-ground guides -- are seasoned emerging-market investors. They live in Europe. Do business in Europe. And they are intimately familiar with the best opportunities along this "Hidden Coast."

Jocelyn has been involved in international real estate and emerging markets -- particularly Central Europe and Russia -- for nearly 20 years (and was International Living's Central and Eastern Europe expert for three years). He knows this area well. He maintains an extensive network of contacts there… and he's perfectly positioned to make his insights work for you.

Both Gail and Jocelyn have worked with us at Agora Travel to design a power-packed itinerary for this September. Throughout the tour, they'll introduce you to the best opportunities available in real estate as well as other sectors… and they'll be on hand every day to ensure your every need is met and you're seeing, without question, the best there is on offer.

Not only will you look at investing in real estate -- raw land, new developments, individual properties, and even some alternative ways you can invest in real estate remotely…

But along the way you'll also savor many of the historical and cultural delights that shine in this region.

In Comfort and Good Company, We'll See a Great Variety of Offerings along a Beautiful (and Undervalued) Coast

We have designed this tour to give you a taste of the vast variety of opportunities available…

• A neo-Tuscan renovation project
• A hotel development
• A marina-development project
• Historic city apartments
• Mountain and forest land
• Lakeshore properties
• Abandoned-village regeneration
• Coastal resort and development land
• An emerging-market property fund
• And more…

This is a coastline of pirates and kings, the inspiration of writers and poets.

This "Hidden Coast," stretching from Slovenia to Albania, is some 600 miles long and extraordinarily diverse.

Croatia has been big news for nearly ten years now. Investors, vacationers, and transplants have discovered it… and prices have jumped huge amounts in recent years. Slovenia is already expensive (it is there, as I mentioned earlier, that prices tripled on EU accession in May 2004). Montenegro is gaining on Croatia.

Yet Albania is largely untouched and undiscovered. The Greek Islands, shining in the Ionian Sea, attract millions of tourists each year. And just to the north, people have just now begun to watch a long-forgotten stretch of Ionian coastline -- forbidden for more than 40 years. We'll take you to see it for yourself.

Albania's mystic beauty has been hidden for decades from the eyes of the world. Even today, much of its coastline and stunning mountainscapes lie undiscovered by developers and investors alike. The opportunity here is obvious. You need only glance at a map of Europe’s coastlines to see the path of progress.

Albania’s coast is largely untouched by Western hands, but is already changing rapidly as the "stone begins to roll." Club Med has optioned an entire bay on the southern Albanian Coast -- a mere 30 minutes or less from the million-visitors-a-year island destination of Corfu in the Greek Isles.

The first developments are now appearing on real estate websites – even a few off-plan opportunities are beginning to spring up around the capital city, Tirana, and the nearby coastal resort town of Durres.

But the pressure on anything undiscovered is obvious. The "geo-demographic" ratio in Europe does not lend itself to undervalued areas remaining that way for long. And yet, as in most undervalued emerging markets, there are still pockets of value… anomalies we'll show you how you can capitalize on.

We see opportunities in these countries all the time and we’d like to share them with you…

We'll Begin in VIENNA … with a Seminar
and Some Time to Relax

We will begin our adventure in one of Europe's most elegant cities, Vienna. It was the Capital of the Holy Roman Empire. A city that -- for generations -- was really the cultural heart of Europe. It's renowned for its brilliant artists, writers, and musicians, among them Gustav Klimt… Sigmund Freud… Franz Kafka… Josef Haydn… Wolfgang Amadeus Mozart… Johannes Brahms… and others…

We'll have a couple of days in Vienna to adjust to the time zone and to see a bit of the city -- you'll have time to explore, walk through the parks and museums, sample the sweets in the exquisite pastry shops, and simply wander.

We’ll be staying in lovely hotel built in 1872 as two private family residences. Restored to their original splendor, we’ll be housed in five-star luxury right in the heart of things.

One day we'll enjoy lunch together in the Imperial City. We’ll have a special guest speaker from one of Europe's oldest families to illuminate some of the history of the region.

We’ll also hear from Slovenian Investment Manager, Matjas Princic. He’ll speak to us about launching EMAC Global’s Illyrian Real Estate Fund. Matjas has many years of experience in banking in this region as well as in the money markets of New York and London.

From Vienna, we’ll continue through Slovenia to the most northern part of Croatia: Istria. We’ll travel by train in a private salon car that was once part of the Austrian Presidential Fleet.

Istria, Croatia: An Untamed Tuscany
at a Fraction the Tuscan Price

Istria resembles an untamed, more enticing, and less-expensive version of Tuscany -- where you can still find excellent opportunity, even after several years of healthy growth. We’ll see development land, perhaps a new development, and beautiful traditional stone fixer-uppers.

Here you'll hear about how you can renovate and restore ancient buildings and what tax incentives there are for overseas buyers in Croatia.

In Istria's interior sit hilltop villages like Motovun, which tumbles down the steep bluff upon which it is built. A golf course is planned on the flats below, which will add a significant draw to this area. Just next door is an area called Livade, which is to be preserved as it is famed for its truffles. In fact, on our first evening in Istria we’ll dine there at Zigante, a restaurant named for the main truffle dealer in the region.

We’ll overnight in the ancient Roman Port of Pula, at a four-star hotel that sits raised above the sea coast just outside of town. And in the morning we’ll continue on to Oportalj, where we’ll look at several renovation opportunities including a small hotel project. This village boasts a pristine school of about 20 pupils, an Italian Renaissance church and three others of varying antiquity, a circa 15th-century bell tower, a post office, general store and konova (taverna).

In the past, the population of this village was about 1,000 souls. There is a huge sense of community, though sadly the population has dropped to just 100 people. The village was basically abandoned during WWII, and many of its buildings left to fall into disrepair.

A major revitalization has been underway here in recent years and Oportalj is a wonderful example of how development can enhance, rather than blight, the landscape. Some of the main buildings have been redeveloped into a 1,300-m2 boutique hotel, providing the settlement with a new center. The views are spectacular: distant sea, the Čičarija Mountains and Lake Butoniga beyond.

Croatia's Dalmatian Coast: More than 1,100 Sun-Swept Islands… and Investment Dollars Are Pouring In

The next phase of our journey will be by ferry to the Island of Pag. Famous for its salt production, Pag cheese, and lace, this island features an unusual, almost moon-like landscape. We’ll be based in the heart of town at one of the best spa and wellness centers in all of Croatia, situated seaside, naturally.

More than 1,100 islands dot Croatia's Dalmatian Coast and you’ll see for yourself why this place has proven to be so alluring for vacationers and investors alike. Most large cruise liners include one -- if not several -- stops along this coast. Investment has been pouring into the country for the last five years and by all indications, that trend will continue.

The coast's history is written on its sleeve. It's easy to see the influence left by the various powers that have ruled it over the centuries -- particularly that of Venice -- as Renaissance palaces, romantic fortresses, and old stone towns punctuate the landscape. In fact, we’ll see a renovation project based on the shell of an Austro-Hungarian-era palace in an Istrian village.

You could become the monarch of all you survey from your very own medieval castle…

Tourist beds are lacking along this coast, and quality apartments will rent like wildfire. Hotel and apartment renovation and construction are the real estate draw in this area.

From Pag, we’ll travel first to Zadar and then to the Island of Split. In Zadar, a local historian will guide us through town, and we’ll have a chance to see the most recent addition to the town’s sights: an outside organ whose pipes are played by the omnipresent bora winds.

Our next stop is Split, the second-largest settlement in Croatia, known for its glorious views and 17 centuries of superb art and architecture. As you’d expect, we’ll be staying at a gorgeously landscaped resort on the beach.

Here we’ll see apartments within the 4th-Century walls of Diocletian's Palace.

Split hosts SE Europe's largest boat show in April, now attended by over 40,000 visitors. Only three marinas exist in this area, and all are packed as demand grows from both local and overseas markets. Several marina projects are in the pipeline near here, and we’ll see one or two of them in their pre-construction phase.

We’ll have a couple of nights here, and so there will be time to relax and explore. We’ll dine one evening in the small town of Omis – once a pirate “hangout” and today a spectacular backdrop for dinner.

From Split, we will take an island ferry passing between the mountainous islands of Hvar, Brač (brach) and smaller Šolta (sholta). We’ll continue south and end up in Korčula (korchula), lying just off the Pelješac Peninsula, 50 miles or so from Dubrovnik.

Occasionally, there are small islands for sale and -- as our tour draws nearer -- we’ll be working on arrangements to see one.

Many Italian tourists vacation along this Dalmatian coast. Ancient tensions harken back to the days of the Venetian empire (only several centuries) and have led to the interesting local youth custom of "Italian Throwing."

We may not have a chance to witness it this time, as it’s usually restricted to weekends. But let me give you the flavor, nevertheless: When would-be Italian Romeos become overly amorous with local girls -- even if all they do is make a cell-phone call -- a posse of Split boy’s arrive to pick up the unsuspecting Italian and throw him in the Bay!!

The town of Korčula on the island of that name was the birthplace of Marco Polo. We will meet a colorful local developer there and walk quietly in the cypress-and-pine-clad hillsides around the Bay of Brna, seeing some of the interesting developments in the area and learning how this island is transitioning into a tourist destination.

Then we will take the short ferry to the mainland and drive the 50-mile Pelješac Peninsula towards Dubrovnik. The road winds around bays and small inlets and past the incredible walled town of Ston.

Dubrovnik is the fortress town of the Venetian empire at Croatia's southernmost tip. It has been reborn of late as a major tourist destination -- and a place where investors from all over Europe and the US have swooped in to take advantage of real estate opportunities limited by the massive walls of the ancient city.

Although there are few bargains left here, we will nevertheless explore some houses and renovation projects and perhaps travel outside the walls to see some of the newer development projects in other parts of the city.

Montenegro: A Dramatic Fjord… a Relaxing Lakeside Enclave… and One of Europe's Lowest Corporate Tax Rates

It’s a measure of the Mediterranean attitude in Europe’s newest micro-state, that a favorite proverb goes, “A man gets tired being born, and lives to relax thereafter…”

Sand gives way to rock, and open coast to mountainous inlets and bays, surrounded like vast cauldrons by the mighty peaks of the black mountains, from which the country we'll see next takes its name -- Montenegro.

The small but dynamic Republic of Montenegro boasts only 600,000 people, but seems to punch well above its weight. The country is essentially one big mountain range with a spectacular coastline sporting the only Fjord outside Scandinavia; the Boka Kotorska.

A visit to Montenegro is not complete without seeing Lake Skadar; a haven for birds and the country's first Nature Reserve. It is a chance to see traditional Montenegrin life still being lived. Fishing villages and ethereal landscapes highlight this freshwater oasis.

The lake also provides an excuse to hunt down some interesting property deals on vacation-rental accommodation. We’ll have a look at some lakeside and lake-view land and houses.

Montenegro has recently ceded from its commonwealth with Serbia and now enjoys full independence.

“Home of the brave and the very tall… farmers, poets and highland warriors,” says David Stewart Howitt, of the Montenegrins. David was formerly with the Office of the U.N. High Representative in the Balkans, and he’ll speak to our group about the geopolitics of the region.

David will tell us why it’s safe to invest in real estate here, and give us a short history and overview of the region. A Royal Marine veteran of the Balkan War, David was seconded from the British Foreign Office to the UN, where he co-wrote the regional Property Law Implementation Plan.

In fact, the Montenegrins are a peaceful people and have a history of conflict avoidance. Their land is deterrent enough to soldiery -- ocean on one side and the rest inhospitable, if not impenetrable, mountain ranges.

We’ll pass across the high peaks of Lovcen and see townhouses in Cetinje -- the ancient capital of Montenegro. From about 1850 until 1910, the city played host to European Royalty and some of the finest buildings in town are the Consulates and Embassies built during that era.

Braving the hairpin bends, we’ll descend steeply to the coast and explore the beachfront around the towns of Budva, Petrovac, and Bar. We’ll also pass the charm-like island fortress of St. Stephan; the former Yugoslavian Royal Palace. Staying in Becici, we’ll have the honor of dining with a local dignitary. We’ve got an invitation out to the former King Alexander Geiroge of Yugoslavia, in fact -- though we’ve yet to hear back from him, so I cannot promise he’ll be there.

The Montenegrin Investment Agency has been integral in the establishment of one of the lowest corporate tax rates in Europe -- 9%, as well as the adoption of the Euro as the official currency of Montenegro in 2002. We will hear from a Montenegrin government insider as well as an executive from the only domestic Investment Fund, which has invested in several tourism-related and resort groups in recent years.

Albania: Experience a First-Stage Emerging Market… and Capitalize on Opportunity Well Before the Average Joe Arrives

From the Montenegrin coastal town of Budva, we’ll set off for the Albanian border, driving through the Reserve of Lake Skadar.

This is where what we think of as the “safari” portion of your journey begins. And you’ll see a country beginning to recover from more than 40 years as one of the most closed societies on earth.

A tour of this region would not be full and frank without seeing some of the scars of that time. It is interesting to see how a country can rebuild itself. This day drive to Tirana will not show you beautiful landscapes and charming towns, rather real life in the raw of Europe’s poorest country.

Before 1990, Albania was one of the most closed countries in the world -- the country had been through 44 years of xenophobic Communist rule.

Today, Albania is being dragged into line by the EU and is a multi-party democracy. There are already some interesting buy-and-hold investment properties here, which could return more than you would imagine.

For example, the town of Sarandë swells from 30,000 to over 100,000 during the summer season (roughly May to October) and rentals in the town are impossible to find. Opportunity awaits!

Here you’ll experience firsthand a market before it really gets going -- a first stage Emerging Real Estate Market. We will show you how we uncover great deals for you in a young market like this. There are no average prices -- because there are no comparisons. Until recently, there weren’t even any realtors on this Ionian Coast!

We’ll stay in Tirana, Albania’s chaotic Capital city. We’re hoping that the Mayor of Tirana will drop in for a cocktail. We’ll take some time to see some of the rapid development going on in this city.

From there we’ll drive through the beautiful town of Girokaster and hence across the mountains to Sarandë on the southern coast.

A Real Estate Safari into a Breathtaking Land

The next morning we’ll head off in jeeps for the 70-mile drive up the Ionian Coast to Vlore; stopping on the way to show you an olive farm set high on the mountainside overlooking a sparkling sea and white sand bay. We’ll try to see a house to renovate perched on a hanging ridge over the water and some beachfront land.

We think of this part of the tour as a "Real Estate Investment Safari" -- because this road is NOT GOOD. Not yet, anyway. But along it you will see some absolutely breathtaking scenery of towering mountains and expansive seascapes. You will get a rare glimpse of a market that is, as yet, forming. As such, you will have access to a market that many people will never experience and have no ability to reach.

In a market such as this it is important to be flexible. There may well be last-minute changes to our real estate itinerary. (We may find ourselves looking at the properties advertised in the bakery window as there are few (if any!) realtors to work with in this area.) That's not likely, though. Our scouts are out looking for opportunities as I write!

Our modern civilization was born in this region of the world, and our two-week program will finish with a very exclusive tour of the ancient city and ruins at Butrint on Albania’s southern border with Greece.

Butrint is a unique collection of ruins spanning 3,000 years of Greek, Roman, Byzantine, Venetian, and Ottoman periods. Allegedly, the city was founded by Helenus, the son of King Priam after the fall of Troy.

Aeneas is said to have been entertained at a city opposite Corfu -- according to Virgil, Aeneas described the city as Troy in Miniature. That may be legendary, but it is certain that the Ilyrians were occupying the Butrint site from about the 8th Century B.C.

The city is close to Albania's southern border with Greece and about seven miles from Corfu -- one of the most popular tourist destinations of the Greek Islands. This important and fascinating historical site remains little-known among the several million tourists who pass within a few miles of its ancient walls every year.

Great opportunity exists here today, and you can be among the very first people to capitalize on it. I do hope you'll join us.

You Gain Access, Insights, and Real-Life Lessons
from the People on the Ground

Throughout this program, we’ll show you how developing markets like these tick and how they track. We’ll prepare you for what you should be looking for, how to identify a good opportunity, and how to look at real estate with the perspective of a person who understands the issues most important to consider in an emerging market.

I want to be perfectly frank here: We’re not going to be showing you exclusively ground-floor, long-term deals that get you in at pennies on the dollar. That’s because, along much of this coast, the market has been barreling forward like a train for several years now. The first-in pricing is already gone. (Though in Albania we will see some very early-in opportunities.)

What we will focus on – throughout this program -- is good value.

And in a way, while in places like Croatia’s Istria the current prices reflect the recent growth, what you sacrifice by paying a little more than you might have, say, three years ago, you more than make up for in the security and track record the prior growth ensures.

My point is: These markets are maturing… but they’ve far-from topped out. It’s still an extremely good time to grab a foothold.

The wider region here offers a great many opportunities. And in addition to straight real estate deals, we’ll also introduce you to some alternative investment ideas, ways you can capitalize on the incredible growth and prosperity this region is poised to experience.

What’s more, we’ll guarantee you get the kind of access to people and resources you just couldn’t arrange on your own.

You’ll meet on the ground successful entrepreneurs expatriates who have been living in this region for many years and who’ve done well here.

They’ll share with you their stories – what works, where the challenges lie, and their advice for how to best position yourself for gains in what is one of the most dynamic and exciting markets on earth.

Our partners, Gail and Jocelyn with Frontier Properties, don’t in fact represent particular properties. So you can rest assured that they won’t be traipsing us around to development after development until your mind is so full of them, you cannot differentiate one from the last.

Instead, they’ll be introducing us to a select group of colleagues they trust and with whom they like to work. They’ll introduce us to them only when they feel they have something interesting, undervalued, or unique to show us.

In places they don’t feel there are any opportunities at good enough values, we will simply relax and savor the sights, scents, and rich cultural offerings of this enchanting coastline.

On this Coast, Accessibility and Variety are Key

Many people probably perceive Central and Eastern European countries as "third world." But in actual fact, as you'll rapidly discover when you join us on this special trip, there is a huge variation in the standard of living and the cost of living from country to country.

The diversity in people, cultures, and geographical variety is staggering. You find here endless plains, primeval forest, spectacularly rugged mountains, and stunning coastlines.

And on this coastline, accessibility is the key.

In most regions of the world, it’s a major excursion just to go skiing. You must load kids into cars and aircraft, find someone to house and dog sit, rent a chalet or hotel, buy ski passes and equipment -- all at great expense.

But in Slovenia, for example, from your downtown apartment in Ljubljana (the country's capital city) it’s a mere 20 minutes in the car to go skiing for the morning.

Then after lunch, you can explore the prehistoric cave systems on the way to the beach. Now that’s civilized!

For sailing enthusiasts, the city of Split in Croatia hosts the largest boat show in South East Europe, and is heaven for sailors wanting to explore the Dalmatian islands or the rugged coasts of Montenegro and Albania.

From the Alps in the north to the Balkan ranges and Carpathians further south, there is fabulous climbing and hiking in the mountains all over the region.

Try river rafting through the famous Tara Gorge in Montenegro.

Visit an ancient spa village on the Romanian Black Sea Coast or at Lake Bled in the Julian Alps of Slovenia. Or, enjoy sun, sea, and sand on the Bulgarian Black Sea.

The coast is as diverse as the mountains.

Experience farmhouses in Istria (Croatia’s Tuscany) or do some island hopping on the Adriatic. Or simply sit and enjoy the views to Corfu and the Italian coast, from a quiet village perched on a hillside above the Ionian Sea. Watch the sun set as local fisherman throw their nets.

The wider region is home to some of the most historic and fascinating places on Earth -- the very seat of our modern civilization.

You Have Room to Live Here… and That's Rare in Europe

The Germans called it lebensraum -- literally, "room to Live."

When it comes to land and lebensraum, Western Europeans live with a challenge: small area, large population. Population levels in Europe and the US are similar, but there is much less land in Europe. They live right on top of each other.

This makes the real estate market tick, and it’s this demographic pressure that is pouring fuel on the fire as Central and Eastern Europe opens itself up to this demand.

That’s why the region is a great opportunity for you… an investment that could give you great returns and capital appreciation.

So, we’ll do all the work on this thirteen-day high-access tour. You'll meet property developers, resident expatriates, people who have restored homes and built homes, others who have started their own businesses.

There's no better way to save yourself money, time, and frustration than to get the insider story from people willing to share their hard-earned lessons with you. I hope you'll join us.

Warm regards,

Barbara Perriello
Director, Agora Travel

P.S. Sign up now to receive your $100 early bird discount. We will only be taking 25 people on the tour and as it's the very first time we've run it, we expect it to sell out quickly. To make sure you have a spot, I encourage you to call now at (800) 926-6575 or direct at (561) 243-6276.

1-800-926-6575, +561-243-2460 or email info@agoratravel.com

Price: $7997 per person, based on double-occupancy
Single supplement: $1520
Maximum Number of Attendees: 20

Agora Travel Past Tour Attendees, Oxford Chairman Circle members and Agora Financial Reserve members -- $300 Off

Lifetime Members of any Agora Publication -- $150 Off

The Tour Includes: Thirteen nights' accommodation; all in-country ground and air  transportation; breakfast everyday and lunch and dinner as outlined on the itinerary; discussions en route focusing on the ins and outs of real estate, investing, doing business, and more, extensive real estate information and tours in each destination, opening cocktail reception, and guidance and attention throughout the week from our local guides and/or representatives.

The Tour does NOT Include: International flights (but Agora Travel can book flights for you), airport transfers, departure taxes, laundry service, voluntary tips to guides and drivers, excessive luggage charges and alcoholic beverages not included with meals.

Registration and Payment Details: In order to hold a reservation for the tour, full payment is due when you register. We accept Visa, MasterCard, American Express, Discover, money orders, and wire transfers. If you pay by credit card, it will appear on your statement as being paid to Agora Travel. Make money orders payable to Agora Travel, 235 NE 4th Ave., Suite 102, Delray Beach, FL 33483.

Protect Your Investment: We strongly suggest you protect your investment by purchasing trip-cancellation insurance, and we would be happy to recommend a policy to you. Please ask us about it when you call to register.

Cancellation Policy:  The tour is completely non-refundable. If you cancel due to medical reasons that are covered by your purchased travel-insurance policy, we will advise the insurance company that your travel and conference or tour fees are non-refundable.

DISCLAIMER: Nothing in this communication should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. In the interest of full disclosure: Agora Travel may receive commissions from any property sales made during this trip.

Agora Travel Life Adventures
235 NE 4th Avenue, Suite 102
Delray Beach, FL   33483   USA
Telephone:  +561-243-2572 or +800-926-6575
Facsimile:  +561-278-8765
E-mail:  michelle@agoratravel.com; Web Site:  www.agoratravel.com

SPACE IS LIMITED, SO CALL NOW TO RESERVE YOUR SPOT!

Phone (800) 926-6575 or (561) 243-6276 • Fax (561) 278-8765

Email: info@agoratravel.com

Daily Itinerary
Value Investing on Europe's “Hidden Coastline”
September 15-28, 2008
 (Please note: the itinerary and hotels are subject to change.)

MON., SEPT. 15 – VIENNA, AUSTRIA ~ Arrival
Our tour begins in the beautiful old city of Vienna.  You will arrive in Vienna on your own (if you need assistance we can arrange flights for you).  Our tour operator will meet you and transfer you to our luxurious 5-star hotel The Radisson Palais. In the evening, we will meet for our welcome dinner on Leopoldsberg mountain, just outside the city center, overlooking the city of Vienna. (D)

TUE., SEPT. 16 – VIENNA, AUSTRIA ~ Seminar & City Tour
Breakfast at the hotel followed by our morning investment seminar.  Lunch will be on your own.  In the afternoon we will visit this beautiful city followed by cocktails and a visit to one of the cities world-famous galleries - 'Albertina’.  In the evening we will meet as a group for dinner at a local “Heurigen” wine tavern.  Overnight at the the Radisson Palais.  (B, D)

WED., SEPT. 17 - VIENNA – PULA, CROATIA
Breakfast at the hotel with a early morning departure to the train station. We will be traveling by train from Vienna to Opatija, Croatia arriving in the early evening.  Our group will be in a private salon car that used to be part of the Austrian presidential fleet to Ljubljana.  Lunch will be included.  Once we arrive we will go directly to our Truffle dinner at Zigante, named after the main truffle dealer in the area. After dinner we will transfer to our hotel in Pula, the 4-star Hotel Histria.  Hotel Histria is situated in a wonderful location dominantly raised above the sea coast, only four kilometers away from the historic center of Pula. (B, L,D)

THU., SEPT. 18 - PULA – PAG ISLAND, CROATIA
Breakfast at the hotel followed by our morning drive north to Oportalj, where we will view apartments for sale.  Lunch will be on your own followed by our drive to Rijeka where we will board a ferry to the Island of Pag.  This most interesting island features bizarre moon-like landscape and is famous for its salt production, Pag cheese and lace.  Our 4-star Hotel Pagus, directly in the town of Pag, has just recently been renovated and features one of the best spa and wellness centers in Croatia. It sits on the seaside next to the beach. Tonight we will enjoy a seafood dinner in town. (B, D)

FRI., SEPT. 19 - PAG – SPLIT, CROATIA
Breakfast at the hotel where we will check out and head first to Zadar before our final destination - Split.  Our local historian will show you the fascinating Zadar town center as well as the most recent addition to Zadar’s sights, an outside organ whose pipes are played by the omnipresent bora winds of the area.  Lunch on your own and in the afternoon we continue to Split, second-largest metropolis in Croatia and a fascinating mixture of 17 centuries of art, architecture and cityscape.   Our hotel is located in Podstrana, eight kilometers south of Split. Le Méridien Lav, situated in Split’s beautiful surroundings, features 800 meters of beach frontage, gardens landscaped by award-winning designer Jim Nicolay, and fantastic sea views overlooking the city and the surrounding islands. (B)

SAT., SEPT. 20 - SPLIT
Breakfast at the hotel with morning free to stroll through the town of Split, or to view interesting real estate investment opportunities in the area.  We will dine together in the town of Omis – a town where pirates use to hang out!!  Dinner will be at Konoba Bracera, a gorgeous venue between Omis and Split. (B, D)

SUN., SEPT. 21 -  SPLIT – KORCULA, CROATIA
Breakfast at the hotel with morning free.  Our ferry to the island leaves Split in the afternoon.  The three-hour cruise takes us past the islands of Brac and Hvar before docking at the port of Vela Luka.  We then drive on to our 4-star Hotel Marco Polo in the town of Korcula. Dinner will be at a local konoba (tavern).  (B, D)

MON., SEPT. 22 - KORCULA – DUBROVNIK, CROATIA
After breakfast we will transfer by ferry from Korcula to the Peljesac Peninsula, connected to the Croatian mainland and then board our motorcoach to continue on to Dubrovnik which will lead us past the famous wall of Ston. We will enjoy wine tasting along the way and lunch will be included. You will have time to explore Ston and the famous wall.  From Ston we travel to Dubrovnik in the early evening.  We will stay for two nights at the 5-star Hotel Bellevue. Experience this heaven for all senses -- a world of discrete luxury, natural details, and elegance, this hotel is an oasis of peace with magnificent panoramic sea views.  Set on a living rock, 30 meters above the Miramare Bay and just walking distance from the Old Town, you’ll find it a veritable sanctuary. After we check in we will have time for a short orientation walk of the old town, a UNESCO heritage site. Dinner will be on your own.  (B,L)

TUE., SEPT. 23 – DUBROVNIK, CROATIA
Breakfast at the hotel with a full day of sightseeing, shopping, and property viewing.  We will explore some houses and renovation projects and perhaps travel outside the walls to see some of the newer development projects in other parts of the city.  Lunch is on your own. This evening we will enjoy dinner in the Konvale area at a local farm-style family restaurant. (B, D)

WED., SEPT. 24 - DUBROVNIK - MONTENEGRO
Breakfast at the hotel.  We depart the hotel and travel to Montenegro - a south European and a Mediterranean country - the pearl of the Mediterranean, unique in many ways, and situated in the south of the Adriatic. There is nowhere else that you can find, in such a small place, so much natural wealth, beauty, mild beaches, clear lakes, fast rivers, and gorgeous mountains.  This exciting day will begin with a drive through the fertile vineyards of Konavle before crossing the border into Montenegro, Europe’s youngest nation.  We’ll continue to Kotor, one of the best preserved medieval centers in the Balkans where we will have a brief tour, have time to view properties, and enjoy lunch.  Then we are onto Cetinje, the old capital sitting high above the rugged landscape of Montenegro.  Our hotel tonight is the brand-new Hotel Splendid located in Becici, just outside Budva on its own private beach.

Group Cocktail reception and dinner at the “Windows of Montenegro” restaurant at the hotel. (B,L,D)

THU., SEPT. 25 – MONTENEGRO - TIRANA, ALBANIA
Breakfast at the hotel and check out.  Our first stop this morning will be Podgorica, the modern capital of Crna Gora, as the Montenegrins call their country in their own language.  Then across the border to Albania.  Via Skodër, our route will take us straight to the capital Tirana where we may have the opportunity to visit the mayor, Edi Rama. We will check into our Hotel Europapark in Tirana. The city’s most exclusive address features a five-star Albanian lifestyle. The open-space architecture creates a relaxed and inviting atmosphere. It’s situated on the main boulevard of Tirana with the Ministry of Finances, the presidential palace and all major embassies within walking distance. The hotel has long been a meeting place for the international world of business, politics and art. We will enjoy dinner as a group at the hotel. (B,L,D)

FRI., SEPT. 26 – SARANDË, ALBANIA
Breakfast at the hotel followed by our city tour of Tirana and real estate viewing.  In the afternoon we continue south through Albania past the town of Fier and Gjirokastër to the beautiful coastline near Sarandë with lunch en route. Sarandë is situated in an open sea gulf, opposite the island of Corfu (Greece). An animated town between the mountains and the Ionian Sea.  We will check into the 5-star Hotel Butrinti, named after the world-famous ancient city in close proximity. In the evening we will enjoy cocktails and have a local real estate presentation.  Dinner as a group.  (B,L,D)

SAT., SEPT. 27 - SARANDË, ALBANIA
Breakfast at the hotel followed by our morning excursion to the archeological site of Butrint with lunch included.  After lunch, we will have time for real estate viewing along the southern Albanian coastline before returning to our hotel.  Tonight we will have our group farewell dinner. (B,L,D)

SUN., SEPT. 28 - SARANDË, ALBANIA – CORFU, GREECE – DEPARTURE HOME
Breakfast at the hotel followed by our departure to Corfu (Greece) this morning via ferry from Butrint.  From Corfu (Kerkyra) you will fly to Athens on Aegean Airlines flight A3 403 departing Corfu at 11:25am and arriving into Athens at 12:25pm.  Optional Greece add-on available upon request. (B)

SPACE IS LIMITED, SO CALL NOW TO RESERVE YOUR SPOT!

Phone (800) 926-6575 or (561) 243-6276 • Fax (561) 278-8765

Email: info@agoratravel.com