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----- Forwarded by Brenda Anderson/NA/Enron on 10/17/2000 10:39 AM -----
Webmaster <webmaster@enron.com< on 10/16/2000 09:31:49 AM To: <info@enron.com< cc: Subject: FW: Reforestation projects at Panama - Mr.Kenneth Lay Please respond directly to jfd@jonesforest.com Thank you. ---------- From: "Alberto Mantel" <jfd@jonesforest.com< Reply-To: <jfd@jonesforest.com< Date: Thu, 12 Oct 2000 12:05:15 -0500 To: <webmaster@enron.com< Subject: Reforestation projects at Panama - Mr.Kenneth Lay ENRON Mr.Kenneth Lay Chairman & CEO ________________ Dear Mr.Lay: It's a pleasure to get in contact with you, in order to expose our request. We are a Reforestation Company from Panama, members of the American Chamber of Commerce (AMCHAM), the Spanish Chamber of Commerce and the Board of Director of the Panamanian National Association of Reforestators and we are constituted for four different groups, with a headquarters in Panama City, and offices in New York and Miami, in addition to several clothing and shoes companies in Colon Free Zone, chain of retail stores at Panama City, real estate, etc. At present, we have 1200 reforested hectares (1 ha = 2,47 acre) with teakwood trees. Our program is to extend the plantations, in order to complete 2000 hectares the next year and 4000/5000 hectares (at least), in the next 5/8 years with the participation of new investors. As our strategy, we have in mind to invite new investment groups to incorporate our projects, through the formation of Joint Ventures for develope them together, or to start new forestal projects with tropical species apts for the panamanian type soil. The tropical species have an high aggregate value in the international market. Because this, we want to get in contact with your group to invite you to invest in our forestal projects. We haven't problem with the lands and dimension of projects. It's very important to detail, that our project need to be for your group, part of the environmental corporative strategy in this area (Central America), due at Panama don't have big extension of lands. Our company will offer, in this case, the guarantees could be necessary. Must have in mind, all the advantages existing in Panama, which are: - Money currency is the U.S.Dollar, which gives stability that few countries actually have, - Low internal costs, - Low annual inflation, which the past 15 years has been 1,3%, - Strategical geographic position, - Forestal Law exempts free to tax all profits obtain in Reforestation. If you have interest in our proposal, we will send you more information about our company by courrier. Please, let me know your comments about our request. Thank you in advance for your attention, we will kindly await for your response. Hope to hear from you soon. Sincerely, Alberto Mantel Administrative Director JONES FOREST & DEVELOPMENT CORP., S.A. Ph: (507) 260-4222 Fax: (507) 260-7483 E-Mail : jfd@jonesforest.com
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