Arcadia Financial Corporation has positioned itself to become one of the largest North American real estate financing and development companies operating in Asia. Arcadia has spent the last two years developing relationships and partnerships with several leading real estate related companies in Japan, China and Korea. Our management philosophy is to form an active business relationship with local partners to maximize asset value and minimize risk. Arcadia's success has been built on; local market commitment and depth of services, regional national and global client relationships, strategic partnerships and a team approach to designing investment strategies. By the end of 2003 Arcadia will have opened offices in Japan and Korea with China to follow in 2005. Arcadia expects to provide in excess of $5 billion USD in real estate financing and development capital by the year 2008. We are currently pursuing several projects incorporated within the following business model:

• Purchase and Sale of Premier Properties
• Property Development
• Project Management
• Project Financing