[2] New Web Site Promises More Commerce for Belize.

HONOLULU--(BUSINESS WIRE)--Dec. 7, 1999--

Interactive Marketing Partners (IMP), a privately held e-commerce strategy and web development firm in Los Angeles, has acquired a significant stake in WSF Corporation, a major owner, the sole trustee and asset manager of one of the largest private estates in Belize, Central America.

IMP acquired its interest through a prepaid development arrangement, whereby IMP agreed to provide all necessary tools and service as WSF's strategic partner in building a major concept website, for government, business and private organizations in Belize. The website would be listed under WSF's registered domain names www.i-Belize.com and www.choicemall.com/i-belize. Together, the two companies will launch i-Belize.com, a major e-commerce and e-tourism portal representing the country of Belize.

According to Gerhart Walch, Chairman of WSF, "This is a natural step in the evolution of WSF. With the establishment of the WSF Trust Corporation of Belize and i-Belize.com, WSF has taken an active role in the economic development of the emerging country of Belize. i-Belize.com will serve as a virtual gateway to the natural beauty of Belize, as well as the vast commercial resources that are quickly developing within the country. We are looking forward to taking the lead in bringing the World Wide Web to Central America."

Jonathan Strum, founder of Interactive Marketing Partners adds, "The Internet has always been about leveling the playing field of opportunity. By introducing both business-to-consumer and business-to-business e-commerce to Belize, with the awesome exposure and high level of security provided by Choice Mall, we are creating a fast-track to economic growth for one of the most beautiful countries in the world. We are truly excited about this unique opportunity."

WSF is a publicly traded Delaware corporation listed on the OTC bulletin board under "WSFI." The company has been headquartered for nearly 15 years in Hawaii, but is now in process of relocating certain operational functions to San Francisco.

WSF manages more than 31,000 acres of ocean-front property in Belize. The company plans to revitalize the 300-year old working plantation's hardwood timber range, tropical fruit farms and cattle ranch into a modern model agricultural operation. WSF plans to implement an ecologically sound Master Development Plan for the creation of a quality residential, commercial and sustainable resort destination on the property.

Interactive Marketing Partners is a Los Angeles based e-commerce strategy and web development firm. Since 1993, IMP has specialized in creating and deploying winning Internet marketing and sales strategies for their clients in the retail, entertainment and direct marketing industries. IMP's many e-commerce sites include significant aspects of Guthy-Renker Internet's Choice Mall, all of Guthy-Renker Internet's BuyitOnTheWeb.com, DiningOnTheWeb.com and others.