The Developers



The corporate parent of Cotton Bay Estates Limited and Cotton Bay Villas Limited is Eleuthera Properties Ltd. (EPL). In 1986, EPL became the direct corporate successor to South Eleuthera Properties Ltd., the vehicle that, from the 1950s, was the initial developer of the Cotton Bay Club.

From its inception, the mission of EPL has been to create a destination with a distinct presence and identity in the overall tourism marketplace of The Bahamas. Cotton Bay is the realization of the dream of several individuals, including Juan Trippe, chairman of Pan American World Airways; Arthur Vining Davis, a leader at Alcoa Inc.; John McCone, former head of the Central Intelligence Agency of America; Arnold Augur Wilcox, a prominent investor; Henry McNeil, founder of the famous laboratory that bore his name and others who saw the phenomenal beauty, honest hospitability and abundance of opportunity we see now at Cotton Bay.

Central to the mission of EPL is the true meaning of “to cotton”, which comes to fruition in the creation of a community where friends get along with nature and with each other.

Management Summary

Eleuthera Properties Limited has approximately four dozen shareholders, including private individuals and some of the best-known companies in The Bahamas as well as overseas investors. Bahamian corporations include Sunshine Holdings Co. Ltd., the largest residential developer in The Bahamas; Rock Sound Properties (1976) Limited, Eleuthera’s largest Bahamian-owned company; RoyalStar Assurance Ltd., one of the largest general insurers in The Bahamas, The Turks & Caicos and The Cayman Islands; British American Insurance Company of The Bahamas Ltd., one of the oldest companies in the Bahamas.  In addition, the John Bull Group, one of the country’s premier retailers of luxury goods. Colina Imperial Financial Group, the largest life insurance group in The Bahamas; the Royal Bank of Canada, with a Bahamian presence since 1908. Non-Bahamian investors within EPL include Mr. Robert Moses, Jr., of Texas, and the Estates of Burton Morgan, Francis Ingalls, of Ohio. 

The addition of Global Ventures Group within the overall EPL umbrella adds the expertise of land planning, real estate law, horizontal and vertical development, golf course construction, real estate sales and marketing, and club/hospitality management. 

The following outlines a select group of directors of EPL and the partners within Global Ventures Group.

Eleuthera Properties Limited

FRANKLIN R. WILSON, Chairman of the Board
A prominent business and community leader in The Bahamas. Mr. Wilson serves as Chairman of Sunshine Holdings Co. Ltd. and Sunshine Insurance (Agents & Brokers) Limited, which is affiliated internationally with Marsh and until 1994, he served as the Managing Partner of Deloitte & Touche,  Bahamas. Mr. Wilson also previously served as Chairman of The Council of The College of The Bahamas, and is a member of the Worldwide Board of Junior Achievement, a Trustee of Elmira College of Elmira New York, and Chairman of The Bahamas Chapter of The World President’s Organization.

Mr. Wilson was honored by The Bahamas Chamber of Commerce as its Distinguished Citizen in Business and by Her Majesty, Queen Elizabeth II, for service to the British Commonwealth by the government of The Bahamas on the occasion of the 25th Anniversary of the Country’s Independence.  His peers also recognized him as “Chairman Emeritus” of The Bahamas Chapter of The Young President’s Organization.

ROSS A. MCDONALD
Ross McDonald as Chairman of Caribbean Banking has overall responsibility for the Royal Bank of Canada’s domestic operations in eight countries in the region – Antigua, Bahamas, Barbados, Cayman Is., Dominica, Montserrat, St. Kitts and St. Lucia. With 1,300 employees these operations form a part of RBC’s U.S. and international business. He is a Director of RBC Royal Bank of Canada Trust Company (Bahamas) Limited and RBC Royal Bank of Canada Trust Company (Cayman) Limited.

Mr. McDonald received a BA (Economics) from University of Vermont in 1973 and a MBA in Finance from the Richard Ivey School of Business in 1976.

MYRTLE POTTER
Ms. Potter’s professional experience includes over 25 years of successful operating and general management experience in large, global biotechnology, pharmaceutical and healthcare businesses. Ms. Potter serves as a member of the Board of Directors for Amazon.com, Fox Hollow Technologies and Eleuthera Properties Ltd. She also serves on the Stanford Graduate School of Business Advisory Council and is one of five members of the Citizen’s Financial Accountability Oversight Committee of the California Institute for the Regenerative Medicine Foundation.



Ms. Potter served as President of Genentech, Inc., the leading biotechnology company for five years where she guided the Company through one of the most successful periods in its history. Ms. Potter also served as a member of Genentech’s Executive Committee whose role was to make all major strategic, financial and operating decisions for the Company.



Prior to joining Genentech, Ms. Potter was President of Bristol-Myers Squibb’s $4+ billion dollar U.S. Cardiovascular/Metabolics business. During her tenure as President, this business was the Company’s largest source of revenue, revenue growth and profits. Prior to Bristol-Myers Squibb, Ms. Potter worked at Merck and Co. Inc. for more than 14 years.



In 2006, the American Diabetes Association named Ms. Potter ‘Woman of the Year’. Ms.Potter was recognized in 2004 and 2005 by The Wall Street Journal which listed Ms.Potter as one of its “50 Women To Watch.” In 2003 and 2004 she was listed in FORTUNE magazine’s “Top 50 Most Powerful Women In Business” list. Ms. Potter was recognized in 2005 by Black Enterprise magazine as one of the “75 Most Powerful Blacks in Corporate America.” In 2002, Ms. Potter was also named to FORTUNE magazine’s “Most Powerful Black Executives in America” list and to Time magazine’s “15 Young Global Business Influential” list.



Ms. Potter holds a Bachelor of Arts degree from the University of Chicago and resides in the San Francisco Bay area with her family.

EDWARD C. LEVINE
Mr. Levine serves as the President and Chairman of The Board of Directors of PrimeCare Systems, Inc. Prior to joining Prime Care Systems, Inc, Mr. Levine was in charge of international taxation at a national accounting firm. He is a current member of The Bar of The State of New York, the U.S. Tax Court and the U.S. Court of Claims.

A. BISMARK COAKLEY
Mr. Coakley is Deputy Chairman of Sunshine Holdings Co. Ltd., a Member of The Board of Directors of The Airport Authority of The Bahamas, a past president of The Bahamas Chamber of Commerce, a member and past president of The Rotary Club of West Nassau, Chairman of The Crippled Children’s Committee, a member and past president of The Anglican (Episcopal) Churchmen Association and a member of The Royal Eagle Masonic Lodge. Previous positions held by Mr. Coakley include membership on The Industrial Relations Board of The Bahamas and Member of The Board of Directors of The Bahamas Electricity Corporation. He has been honored by Rotary International as a Paul Harris Fellow.

THOMAS SANDS JR.
A native of the Island of Eleuthera, Mr. Sands is a director of Rock Sound Properties (1976) Limited, the owner of The Market Place Shopping Centre in Rock Sound and the largest Bahamian owned business on the Island of Eleuthera. He is a graduate of the University of Miami, a member of The Bahamas Real Estate Association, a licensed real estate broker, developer, and appraiser. He previously served a member of the South Eleuthera Town Planning Board.

Global Ventures Group


DOUG MASLO
Mr. Maslo is a well known and respected international golf course builder and resort developer. Having been in the golf business for over 25 years, he and his staff have been involved in the development of over thirty (30) championship golf courses throughout the world and consulted on many others. Mr. Maslo has worked with many of the worlds best Golf Designers. Nicklaus, Fazio, Player and McCumber to name a few. Mr. Maslo is the President and CEO of Royal Golf Construction, where he has not only built golf courses, but facilitated the infrastructure build-out of large-scale development projects, including constructing all utilities, grading, sewer systems, water and sewer treatment facilities, excavation and road construction, de-sal facilities, etc. Mr. Maslo continues to co-own and operate three golf course facilities in the United States (1) Hunter’s Oak, in Maryland (www.huntersoak.com); (2) Knob Hill Golf Club, New Jersey (www.knobhillgc.com); and (3) Lady’s Island Country Club, North Carolina (www.ladysislandcc.com). Understanding the golf business from concept through operational budgeting has positioned Mr. Maslo’s company as one of most diverse development operations in the Golf/Resort industry worldwide. Some of the other golf course projects that Mr. Maslo and his staff participated in their construction and site development include:

· Aspen Glen Golf Club - Aspen, Colorado
· Sumo Golf Village - Florence, Colorado
· The Golf Club at Indigo Run- Hilton Head Island, SC
· The Ocean Course at Sea Pines- Hilton Head Island, SC
· Tallamore Golf and Country Club- Pinehurst, NC
· Del Webb- Sun City Bluffton, SC
· Grand Haven Golf Club - Palm Coast, Florida
· Heathrow Country Club - Heathrow, Florida
· Tamarindo Diria Resort and Golf Club - Guanacaste, Costa Rica
· Playa Conchal Beach and Golf Resort - Guanacaste, Costa Rica

ALFRED E. ABIOUNESS, SR.
Mr. Abiouness was the founder and President of Abiouness, Cross and Bradshaw, P.C., a consulting structural engineering firm with its headquarters in Norfolk, Virginia. The firm operated for forty-four continuous years of service, with offices in three states in the U.S. and one in Cairo, Egypt.  The company was sold in 2006; however, Mr. Abiouness continued his profession as a consulting engineer to selected clients, while concentrating his efforts on real estate development activities.  He is currently involved in a one hundred acre “ mixed-use “ project with over 700 residential units and two hundred thousand square feet of commercial and retail space;  a four  hundred acre site of residential and an eighteen hole golf course; and a one hundred sixty acre residential waterfront  community.

After graduating from The University of Notre Dame with a Bachelor of Science in Civil Engineering, he became an officer in the United States Navy and served on active duty for five years. He received his Professional Engineering Certification in the Commonwealth of Virginia and began his practice shortly thereafter.

Mr. Abiouness served on the board of the Norfolk Redevelopment and Housing Authority, and retired as the Commission Chairman after twenty-two years. This Authority was the development board for the City of Norfolk (VA), which was responsible for the entire city’s overall planning, subdivisions and upgrading of individual neighborhoods for implementation of a “Vision Master Plan 2000.” 

ALFRED E. ABIOUNESS, JR.
Mr. Abiouness, Jr. has over 12 years experience in the construction and engineering field.  A graduate of the University of Virginia with a Bachelor of Science in Structural Engineering, Alfred worked directly for his father’s Engineering/Construction Management firm, Abiouness, Cross & Bradshaw, Inc., that was located in Norfolk, Virginia.  His responsibilities included the design and inspection of commercial structures that were directly managed by his father’s firm.  During this period, he also earned a Masters in Business Administration with a concentration in Information Technology from Old Dominion University where he was a member of the honor society chapters of Beta Gamma Sigma and Phi Kappa Phi. 

Mr. Abiouness is currently Director of Information Technology for Atlantic Truck Center, a commercial trucking company in South Florida.  

ROBERT M. FORTSON IV
Mr. Fortson had over 15 years of direct experience in resort/2nd home market to include; resort real estate sales, real estate sales and marketing management, resort hospitality marketing, resort hospitality group sales, and direct front line hospitality experience.  Mr. Fortson’s career most recently included an 8 year relationship with The Ginn Company where he was personally responsible for over $100 million in “developer” sales to include homesites, homes, condominiums, and townhomes.
  
A graduate of the College of Charleston in South Carolina with a Bachelor in Corporate Communications, Rob has been involved with many resort communities to include:  Wild Dunes Resort (SC), Williamsburg Inn & Lodge (VA), Hammock Beach Resort (FL), Reunion Resort (FL), Tesoro Club (FL), Quail West Country Club (FL), and Ginn sur Mer (Bahamas).

Mr. Fortson has also received numerous accolades to include; The Ginn Company’s Top Award - Eagles Club and The Marketing & Sales Institute’s Top Award – Council of the Elite.  Prior to his partnership in Global Ventures Group, Mr. Fortson was responsible for the communication and real estate relations for The Ginn Company’s Grand Bahama community, Ginn sur Mer.   

JAMES W. SUTTON, III, ESQ.
Mr. Sutton is a real estate, zoning and land use attorney who has extensive experience in structuring real estate transactions and securing land development approvals. Mr. Sutton’s previous experience includes working as in-house counsel for the largest privately held residential builder in the Delaware Valley, The David Cutler Group, Inc. Prior to working as in-house counsel, Mr. Sutton worked as a real estate attorney for the law firm of Fox Rothschild, LLP representing many of the national and regional home builders.  He served as the chairman of the firm’s Condominium and Homeowners Association Department. His previous experience includes:

Mr. Sutton has also developed numerous properties through his own companies in Pennsylvania and New Jersey (including Ardent Development Group, LLC, JN Development, Inc. and Rainmaker Development, LLC).


STAN KAY
Stan Kay is a real estate expert and advisor in the North New Jersey Market. Stan has been involved in real estate for over 13 years and has purchased, sold, built and managed properties for himself and his clients throughout the course of his career. He has come from a family of building experts and developers for whom he later managed real estate operations

Since then Stan has also become a licensed Realtor and has been for over 5 years. He has accumulated various awards and recognition from his former company Coldwell Banker located in Short Hills, NJ. He has also previously been named top 10% of agents for his current company Keller Williams. He has been featured in several real estate shows as recent as March 2009

Stan has also headed and launched a successful marketing campaign for his family business which then just began operating and now employs over 800 people.

Stan has a vast knowledge and a great passion for real estate and brings a track record of marketing and sales success.