Plantation Building Corp. offers Value Guarantee at Weldon, New York Hatters

From Plantation Building Corp:

Despite the current uncertainties in financial markets, we at Plantation Building Corp. believe very strongly in the long term appreciation and success of our Weldon and New York Hatters projects in downtown Wilmington, North Carolina. As an inducement to prospective buyers at these projects who may be hesitant to purchase at this time, Plantation Building Corp. will guarantee that the value of these properties will not decrease for a period of three years from the date of the initial closing. If a buyer who acquires and actually closes on his/her condominium unit between November 1, 2008 and December 31, 2008 later attempts to sell his/her condominium unit within three years following the date of the initial closing, then Plantation Building Corp. will pay the difference between the original appraised value and the newly-appraised value, if the newly-appraised value of such unit is lower than the original appraised value for such unit.

1. This offer is only available if there was an original appraisal completed in connection with the initial closing, the original appraiser and the subsequent appraiser are the same, and Plantation Building Corp. approved the use of such appraiser in writing before the initial closing.

2. This offer is only available if the subsequent appraisal is submitted to Plantation Building Corp., together with the original appraisal and a copy of the recorded deed from the initial closing, on or before the date that is exactly three years following the date of the initial closing.

3. The date of the initial closing shall be established as the date of recordation of the deed for the applicable condominium unit in the Office of the Register of Deeds of New Hanover County, North Carolina.