HANA, Hawaii, Sept. 12, 2007 (PRIME NEWSWIRE) -- Maui General Store (OTCBB:MAUG) announced today that it will be working with the Hoi An Project to assist in financing and help with human resources for the new Hotel Casino Resort and Master Plan Community. The Hoi An Project has 8,000 acres near the beautiful China Beach area with 12 miles of beachfront to develop. Maui will assist in bringing the right management teams together to build the Hotels / Casinos to create an infrastructure from the ground up.
Named as one of Vietnam's Four World Heritage sites, Hoi An is a quiet riverside resort dotted with temples, shrines and Chinese-style tile-roofed wooden houses girding a long narrow road. With its compelling architecture and history as one of Vietnam's most important international seaport towns, Hoi An is rapidly becoming a popular tourist destination.
J.P. Morgan's July 13, 2007 Report on Vietnam by Christopher Gee; Asia Pacific Equity Research Department states that Vietnam has one of the most stable political systems and fastest growing economies in the world, and the country is positioning itself to be Asia's next rising star.
Sama Dubai, the international real estate investment arm of Dubai Holding (www.sama-dubai.com), and VinaCapital (www.vinacapital.com) have also undertaken projects in the South Hoi An area.
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