EarthMark Companies Acquires Bahia Beach Island Resort

EarthMark Companies announced today its acquisition of the Bahia Beach
Island Resort; Marina, situated on the south shore of Tampa Bay. The
resort`s new name is Mariner`s Club Bahia Beach, and it joins EarthMark`s
growing family of Florida resort communities.

“The resort has long been the best-kept secret in the Tampa Bay area,”;
said Alex Pockrus, Director of Resort and Club Operations. “We look
forward to building on its unique appeal as an island getaway that`s an
easy drive from downtown Tampa, Sarasota, Clearwater, St. Petersburg and
Mariner`s Club Bahia Beach is located on a 124-acre white, sandy beach
peninsula. The resort includes a 96-room hotel, with views of Tampa Bay
and pristine natural habitat. Guests of the resort enjoy private beaches,
a deep- water marina, three restaurants, two lounges, Tiki bar, tennis,
two swimming pools, a fishing pier, children`s play area, basketball,
volleyball and access to nearby golf courses. Waterfront meeting and
banquet facilities are also available for up to 300 guests.

“EarthMark is very excited to be part of this new project,” said Michael
E. Rosen, EarthMark`s CEO. “We look forward to maintaining and enhancing
the resort`s innate beauty and charm.”

The popular Tropics Restaurant, as well as the rest of the resort, will
remain fully open and operational throughout the series of planned
renovations. Mariner`s Club Bahia Beach is located at 611 Destiny Drive,
Bahia Beach, Florida. For reservations, call (800) 327-2773. For more
information about Mariner`s Club Bahia Beach, visit
About EarthMark Companies
EarthMark Companies, headquartered in Ft. Myers, is one of Florida`s
leading real estate development, resort management and mitigation banking
companies. The company employs more than 200 people and its properties
include Mariner`s Club Bahia Beach; Mariner`s Club Key Largo; Herons Glen
Championship Golf and Country Club in Ft. Myers and Rolling River Estates
in Jacksonville. Gulfshore Business Magazine rated EarthMark one of South
Florida`s top 75 Gulf Coast businesses, based on 2002 revenue. EarthMark`s
mitigation banks provide habitat and range for many rare, threatened and
endangered species of plants and animals. More information about EarthMark
Companies is available at