Investment summary for Coastal Mansions Project and

The Ultra Crete Sips Pre Cast Factory at Conroe, Texas

The Coastal Mansion Towers

Are to be  located  in  the beautiful Lake Conroe Area  just off  Hwy 105 and Blake Road. Pre Sales of Two bedroom 1200 sf.  units will be starting at $150,000 ($125 sf. wholesale  price) appraised value $200 per sq. ft. (special financing starting at $450 per month not offered by us internet advertised ) for 2 bed 1200 sq. ft units, 1500 sq. ft 2 bed room units starting at $187,000, $598 month,  2200 sq. ft starting @$250,000 monthly payments starting @ $797  and 3000 sq ft designer decorated penthouses with 20 foot ceilings starting @$395,000 and mp @ $1050. The largest 4  top floor units with up to 4000 Sf $500,000+ interior design options. There will be several worry free retirement programs they can choose to take care of all security, maintenance, 3 meals a day, snacks, laundry etc.  They can either buy or Lease from the REIT this open up a tremendous additional market as most only lease the units. It frees up our investment capital to rapidly expand into other cities.  There will also be life estate program options.

Project Owners

ACST Garold Wormington CEO Trustee is process of buying  the 9.9 acres Coastal Mansions Project and the franchise for the Ultra Crete Sips Company Precast plant which will also be controlled by ACST Trust.

They  will own the 12,000 sf. shop that will be the warehouse and shop for building the pre-cast molds for the the pre-cast factory

which will be located at the airport industrial park. The 6,000 sq. ft building also has 6,000 sq ft of attic type storage that can be used to store and cut the foam for the

SIPS Panels in the exsisting building which is  completely dry walled and insulated and air conditioned. It will be used  for steel rebar  cutting and material storage warehouse, cabinets, mold trim millwork,  and cutting-welding of molds for pre-cast  factory (with 3 acres of outdoor pre-cast sites which will eventually be a tennis court and parking lot.)  The shop and office buildings were built 3 years ago and will be the office for both projects.

The Coastal Mansion style 3 story,  5000 sq. ft. office building is completely  furnished, landscaped, and decorated.  ACST Trust by Trustee CEO  Mr. Wormington owns all the equipment, computers, vehicles and boats individually,  he is letting the  business use the furniture and tractor, fork lift, front end loader and van &  trailers and misc. equipment.  The site and 12,000 sq. ft. of commercial buildings are being purchased by contract   and the new investor partners which will own controlling stock (Draft of tenitive figures may be changed significantly before closing of deal. The proposal of 51,000,000 shares of the authorized 100,000,000 shares   of the stock in Coastal mansions will be traded for equity in the land and buildings, Only 25,000,000 shares 10 cent par stock  will be private founder stock, the public offering will  be at $1 to $10  or more per share per share, depending on first year operations, now expecting to go public  in 2007.  The Coastal Mansion purchase is  based on the new appraised value for land and buildings plus $200,000 allowance to buy the  equipment, computers, and office equipment and furniture including software, vehicles,  and software rights from ACST.

ACST now owns  51% of 

UltraGreenCast.org. The   company proposes  100,000,000 shares of 10 cent par stock. The 51,000,000 shares of  Stock in UltraGreen Cast Co. which  will be  owned by ACST Company controlled by CEO Trustee  Garold Wormington who has bought the marketing  rights for the Houston Metro Area  and has designed  the architectural and engineered plans for $5,100,000 which is owned by  ACST Company.  Based on estimated appraised value.

The Coastal Mansion purchase is   based on the new appraised value of $1,000,000 plus $200,000 for equipment, computers, and office equipment and furniture including software and software rights.

The plan is  for the additional developing of  the 200 unit Villa project, that can be duplicated in 12 different surrounding Houston Markets. And 25 additonal Texas markets.  The  (Wholesale  market value of $10,625,000 per tower and $21,250,000 per twin  tower for 176,000 sq. ft. in each twin tower and with 24,000 sq ft. of common area for restaurant and lounge facilities servicing  48 Villas in each tower and 96 villas in each connected twin tower complex. The total project will have  several  twin towers complexes totaling 350,000 sf. in the 4  complexes for a  total market value $44,000,000  in the proposed 4 twin  towers.  Estimated profit of  $50 sq. ft. $17,100,000 gross profit   for total project.   One of the towers may  be for assisted living,  with a nursing floor. The 9.9 acre site  now has  water and sewer that has just become available this year. This gives the Coastal Mansion and a current  equity of over $1,000,000 which will become part of the project equity after the mortgage  is  paid off or assumed by the new joint venture, so the first building site of app. 2 acres and the 7.9  acre pre-cast site (future towers sites)  can be clear of loans.

The Draft Proposal is also to expand and  build the modular $5,000,000 pre-cast factory that is essential to building all the projects which will be built on annother site near Conroe. The factory will be a separate manufacturing company and  will build the large insulated (8 inch thick 10 feet by 20 feet structural concrete Sip  panels, pre-finished beams and pre-finished shell bonding beams and shell columns, that are site filled with rebar and high strength concrete to completely tie the panels together to act as one continuous pour concrete like structure, beams, and columns  and unique hollow casting column and beams for our patented deep poured pier system which completely ties all the panels into a monolithic super strong structure.

 The  panels will be  pre finished, except for the hollow core panels when the big plant is built.

  The key to the operation is the speed of building with the pre-built luxury bath and kitchen cores which will be factory built in Conroe.    We are seeking  joint venture partners to  invest $2,500,000 for  25,000,000 shares @10 cents per share for up to  25% of the stock in each company. CEO Trustee of each company Garold Wormington will maintain at least 51% of the controlling stock in each company.   Garold Wormington   has been building and working and refining the factory concrete sip panel concept for over 40 years. He is 62 years old and has never wanted to sell stock until his friend  showed him how much more the company will be worth if it goes public in a year or 2. The high tech companies are selling for 10 to 100 times earnings.  His investor friend  has spent over 15 years on Wall Street and knows how to market a Stock Issue.  

The Coastal Mansion concept

as well as the Condo Hotel concept known as MansionDos, affilitated with Marriot or the Hilton reservations system  can be duplicated in many cities. The first project in Lake Conroe Area’s 1 st phase  Twin Towers should return over $4,400,000 potential  in just construction and marketing profits and $586,000 in profits from normal active retirement services, for the spa, food, insurance, taxes, maintenance, utilities and laundry services each year from each of the 4 complexes totaling over $2,304,000 per year gross operating profit from senior retirement services as the 4 complexes are complete and leased or sold as Condo Villas. .

The $5,000,000 of new capital will be used as follows: $1,200,000 to  pay off the 1^st and 2^nd mortgages and buy out existing investor. $2,800,000 will be used for factory additional cranes and automated batch plans and form delivery and material inventory and to  build the factory and $1,000,000 for operating capital and completed inventory. The plant is capable of making over $20,000,000 per year  location per year at capacity.

 Investors in  Coastal Mansions and UltraGreenCast Company would then secure a open line of credit based on the Investors revolving line  credit using the $5,000,000 project equity ( $4,000,000 new cash, $1,000,000 appraised property equity and $5,100,000 in Plant Equity) The equity can be used by the new investor  to secure the revolving construction loans. (50% loan to value would give nearly $15,000,000 in loan value to build the first twin tower complex of 96 units estimated to cost around $7,960,000  in construction cost for the wholesale market value of $10,125,000 for the first 96 units and $1,000,000 for site development.

The Factory will need approximately $2,800,000 to build and operate the new factory in Conroe.  The first factory is capable of producing 6 project a year of 96 units each  without expansion. The larger plant can do  12 projects or more.

 The  new partner needs a healthy revolving construction line of credit in addition to the initial loan or investment  to buy the land and pay off the $1,000,000 first mortgage and $200,000 second mortgage, on  the 9.9 acre site and 19,000 sq. ft of commercial buildings.

The best way and least risk would be to raise $5,000,000 in equity and use this equity to secure revolving construction loans to build the 96 units at one time. This will secure  up to 49% of the equity amount and 49% of the profits to Investors Group. Garold Wormington’s companies wants to keep at least 51% of the stock to assure the success of the project.

The pre-cast plant needs approximately $500,000 immediately  to buy equipment and inventory to run the pre cast factory and at least $800,000 to  pay off the existing mortgages.  The additional capital can take 30 days or so. The existing buildings can be used to build the first two  phase of two of the projects, while building the larger pre-cast factory in Conroe at a later date.