The Loreto Bay Company Passes $100 Million Milestone in Home Sales; The Villages of Loreto Bay Offer Beachfront Residences at Founder's Pricing.

SCOTTSDALE, Ariz. -- The Loreto Bay Company announced today that The Villages of Loreto Bay has exceeded $100 million in residential real estate sales in its first 17 months of operation. Loreto Bay is an authentic Mexican seaside community in Baja California Sur, designed under the principles of sustainable development.

In the last four months alone, purchases totaled approximately $30 million, showing a remarkable growth trend. Home buyers are attracted to Loreto Bay's mission to combine ecology and luxury, with a focus on New Urbanism. The development's sustainable practices include programs for sustainable energy, water renewal and land stewardship, as well as creating economic opportunities through new jobs and local businesses.

Available models include courtyard homes, luxury condominiums, beachfront and golf course custom villas and now Beach Club Villas. The walkable villages capture the charm of old-world Mexico with Spanish Colonial architecture. Private and public courtyards invite residents to enjoy the casual indoor/outdoor living characteristic of Baja. Despite recent trends in real estate inflation, these homes are reasonably priced starting in the mid $200,000s USD.

"The Loreto area is quite unique," noted Jim Grogan, president and CEO of Loreto Bay Company. "It's a place where the mountains, desert and sea come together in a picturesque and pristine natural environment. In this environment our owners are delighted to own a beach home at very reasonable prices. This milestone is the direct result of the extraordinary effort of our people, Team Loreto Bay, and their dedication and professionalism," Grogan added.

Many homeowners agree. Cal and Vicki Switzer of Colorado commented, "We were very impressed with the entire staff of professionals that they have assembled to bring their vision to reality. Loreto Bay is a magnificent place and we're very pleased that the manner in which it is being developed will not take away the beauty and serenity of the area. We are very proud homeowners."

Loreto is located approximately 700 miles south of San Diego along the Sea of Cortes in Baja California Sur. The $3 billion project will create a town of approximately 6,000 homes in pedestrian-oriented, car-free neighborhoods with the use of bicycles and electric carts as primary transportation. The project includes development of a world-class Beach Club, Golf Club, plus space for retail, entertainment, artisans' village and recreational facilities. Of the 8,000 acres encompassed in the master plan, 5,000 will be maintained as a natural "green lands" preserve. This area will have trails for hiking, cycling and horseback riding, plus areas for organic farming and orchards.

Loreto Bay Company is partnering with FONATUR, Mexico's tourism development agency, to develop the area. Loreto Bay was identified by FONATUR more than 20 years ago as one of five prime tourism destinations in Mexico, the others being Cancun, Los Cabos, Ixtapa-Zihuatenejo and Huatulco.

About The Loreto Bay Company:

The Loreto Bay Company, a Canadian American corporation headquartered in Scottsdale, Arizona, is developing The Villages of Loreto Bay, a series of seaside villages built on 8,000 acres in the foothills near Loreto. The Villages of Loreto Bay will be a showcase for sustainable development practices. For more news and information visit www.loretobay.com. Additional media materials, photos and other artwork are available through the Loreto Bay Company marketing department at 480-443-8350 x1000.