NEWS LETTER 1. 12-4-05      AND A BIG WELCOME TO THE FIRST 30 MEMBERS.
HOLIDAY ACCOMMODATION COOPERATIVE LTD

FROM THE FIRST EXECUTIVE MEETING AFTER INC. (for more details click here)  SEE MEMBERSHIP FORM 2

The Following Executive Directors were present:
Rob Baker, Dorchester. Justine Sanders, The Shore Apartments. Peter Melville, Diamond Sands
Resort. Glynis Tason, Gold Coast Holiday Services. Ray Sperring, Aussie Tourism Maps.
Rodney Emms Technology IT programming. Jim Haworth, Jamiesons Chartered Accountants.

Ray Sperring opened the meeting and addressed the issues of marketing the concept and
the Executive Committee resolved the following;

It was agreed that the fees to the traders must
be kept at a minimum and to be viable for all types of small Accommodation Providers in any
Country town in Australia and some changes are being made accordingly in the marketing procedure;
The existing websites such as www.goldcoastregion.com which is currently ranked 3rd in google
out of 1.2 million and which receives over 30,000 sessions per month will be needed to divert the
initial flow of public enquiries to the new HAC website.

1 The HAC fees will be lowered for the first initial booking up to $100 to $5 flat rate fee.

2. The Accommodation Booking fees will now be from 2.75% to 4%

a) For the first $100 flat rate fee - $5
b) For $101 to $2000 4%
c) For $2001 to $5000 3%
d) For $5001 and over 2.75%
These fees include GST and bank transfer fees.
These fees will represent an “ADMIN” fee paid by the Booker to HAC as
a NON refundable fee when making the confirmed booking, and it is a fee
which is deducted from the gross sale amount that is diverted to the Trader.
The Net balance of the sale will be transferred directly into the traders trust account
when the Merchant Banking Gateway is set up for you.

3 SHARES and MEMBERSHIP FEES.

a) The Government criteria required that part of the joining fee be set
aside as the “Annual Fee”. and the Board resolved that this
amount be $55 per annum. which means from the City membership. your
initial joining fee of $555 is as per the following schedule-
b) $55 is the joining fee (incl $5 GST)
$500 is for 500 $1 shares

For City "A" members If you have only paid $500 or $550, please remit the balance due to
cover the 500 shares.
For COUNTRY memberships, and "C" Class your initial payment is $155.
c) $55 is the membership including gst.
$100 is for 100 $1 shares.

Subsequently the Board has now issued 500 Shares to each member.
and certificates will be given to you, please do not lose these
certificates. You have a registered number on the top right corner.
The list of the original 30 inaugural members is attached:-

LEVEL PLAYING FIELD
The Internet allows for an effective marketing tool to be used for the
entire Tourism Industry and in particular, The HAC Co-op concept is a
NON PROFIT marketing vehicle to provide a level playing
field for all small Accommodation Providers when competing with
the Multi National Companies, or the large multi building groups who have
unlimited public funds to develop internet websites that capture the
lions share of business.
HAC gained Government approval to put a cap on share holding capacity
which is set at 40,000. No individual member or group can become a
controlling shareholder, and one membership covers the multi building
combines and only gives one vote.
All surplus funds are returned to Member Shareholders each year, BUT
most important, the HAC system provides a steady stream of bookings at
a minimal cost to the provider.

MANAGER AND CEO.
The Executive Appointed Ray Sperring as the Manager, and CEO

PROGRAMMING
Rodney Emms reported that he will need a couple more weeks to
finish the Programming Script.. All going well the HAC will be
ready by the end of this month.

REGIONAL TOURIST ASSOCIATIONS WILL BE H.A.C. AGENTS
I would like to thank the Directors who placed their faith in
this first Tourism Co-operative concept in the World.
It is a vehicle that other NON profit organisations such the “Regional Tourist
Associations” in every State can use this programmed booking engine for Tourism
to add extra promotion to their local tourism industry and take over the agency
of H.A.C in their own region as their own marketing arm with their own website,
and offer their supporters a very economical and cost effective internet promotion
that will be networked all over the world.

H.A.C. is a programmed booking engine that can be dovetailed into any
EXISTING Shire's website.

It is an enormous project, and one that will soon be well recognised
Already many local Government Shires and Regional Tourism Associations
are reaping benefits from being linked to HAC.

The South Australian Government have already sent their
written letter of approval FROM THE MINISTER FOR TOURISM to
recommend the H.A.C. To the Tourism Traders in their State- Other States are
also considering placing their support behind the H.A.C. concept.

I am pleased to announce that the Regional and the Accommodation Interactive map directories are now published for the Gold Coast, to see please click here Just click on the map section of choice to get a detailed view of all Accommodation providers with links to their feature. -  This is a sample of the same form of interactive map directories which will be used for all regions and towns in Australia and I invite all regions to email a list of their providers with a Street address and we will format it to suit the internet at no cost.

Wishing you all good trading
Ray Sperring
CEO Holiday Accommodation Co-operative Ltd.

LIST OF INAUGURAL MEMBERS
with shares issued.

Justine and Terry Sanders .. Shore Apartments 500
Darren Ackland . Blue Waters Apartments 500
Ian & Marion Dennis . Surfers Century Apartments 500
John and Sherin Marriott ` . Emerald Sands 500
Russell Ayre & Nancy Bee . Casa Del Sol 500
Peter Melville & Don Lamberg . Diamond Sands Resort 1000
Janette & Richard Barker . Surfers Pacific Towers 500
Paul and Rhonda Ashton . Broadwater Keys 500
Yvonne Curtis & Maureen Gorely . Ocean Royale Apartments 500
Rob & Pat Baker Dorchester Apartments 500
Barbara & Paul Tucker . Crystal Beach Resort 500
Brian Coates & Jan King . Regency On The Beach Resort 500
Bob James . View Pacific Apartments 500
Philip Campbell . Warringa Surf Apartments 500
Mark & Shirley Jackson . Pacific Plaza Apartments 500
Ross Pallister . President Apartments 500
Murray Niven . Thornton Towers Apartments 500
David & Marion Brownlie . Viscount Towers Beach Resort 500
Helen & Fred Boddington & Tracy Thomas .
Beachside Towers Apartments 500
James Mutch . Moorings Cavill Av Apartments 500
Paul Mathewson . Surfers Beach Resort 1. 500
Jim & Gaynor Bell . Beaches On Wave Street 500
Adrian Coxhead . Grangewood Court Apartments 500
Richard & Lyn Bayliss . Villas DeLaMer Resort 500
Angela & John Crabtree Windsurfer Apartments 500
Ray Sperring Aussie Tourism Maps. 40,000
Jim Haworth. 7,000
Glynis Tason Holiday Accommodation Cooperative 1000
Rodney Emms - IT Technology 500
Ian & Kim Allardyce . Bayview Beach 500
Lindsay and Bill    Burleigh Surf Apartments 500
Bob Love Barry Hewitt Property Pacific Real Estate 100
TOTAL - HAC shares ISSUED TO DATE 67,100