Our team of real estate and financial professionals are launching the Vegas Valley Real Estate Recovery Fund in early 2010. We will be investing in residential/commercial real estate and distressed debt. The Fund will be structured as a private equity firm requiring an initial commitment followed by a number of anticipated draw downs. There are numerous existing opportunities in purchasing distressed real estate and debt, as borrowers default and capital remains scarce. We believe investing in the current down market will provide exceptional risk adjusted returns and create a hedge against potential future inflation.

Our investment Fund will be managed by Charles Grosh. Charles has spent the last eight years building a team of qualified business and real estate professionals with well over 35 years experience in the Las Vegas Metro residential/commercial market. Extensive market knowledge, combined with our hands on approach will allow the Fund to flourish moving forward as the market is poised for a recovery. Vegas Valley Fund and its partners strongly anticipate this to be the most opportunistic time to profit since the Great Depression.

Investments Objectives

Our goal is to create wealth for our investors by attaining above average rates of return in the long run, while protecting our Funds capital in a depressed market. We plan to obtain a 12%-15% rate of return for our Premiere Funds and an 18%-20% return for our Premiere Plus Funds. Although it is unrealistic to expect these types of return every year, it is our goal to accomplish them over a five to ten year period without losing money on a yearly short term basis. (We do believe through hard work and attention to detail that we can provide these types of return, however we cannot pledge, promise, or guaranty to attain any specific positive rate of return in the

Protecting Investor Assets

The recent controversy covered in the national media relating to hedge fund and private equity investments has raised several concerns for qualified investors. Madoff and his investment team pulled off the largest ponzi scheme of all time and lost millions of dollars for his clients. Madoff’s investors were not properly protected in that his firm was both the administrator and custodian of all funds invested. Furthermore, Madoff used a small three person company as his auditor which allowed him to hide and fraudulently manage the fund’s monies. Vegas Valley Fund uses three separate reputable independent third party establishments acting as custodian, administrator, and auditor of Fund assets. In addition, our managing director is available 24 hours a day, 7 days a week to answer questions and address concerns. Finally, we have constructed a state of the art, security protected website, which allows investors to access, view, and print company updates and reports as they deem necessary. Other investor protections/advantages include;

• Inflation Hedge

• Asset Depreciation

• Tax Credits

• Capital Preservation

• Diversity Within Sector

We realize the importance of investor piece of mind, and pledge to do whatever it takes to assure our client’s contributions are being handled properly, ethically, and in their best interest.

2010 Outlook

Vegas Valley Fund remains bearish concerning the near future of the U.S. economy and believes the recession will continue into 2010. The extensive contraction in the global economy, instability of the global financial system, and the continued contraction of the credit markets will most likely continue into the unforeseen future. The U.S stimulus may slow the negative effects of uncontrolled market expansion, but will most likely cause latent problems that could hold off the national recovery and create a potential for double digit inflation moving forward. Although we are not convinced the economy is ready for a quick recovery, we do feel that there is much opportunity to profit in the long term by implementing a strategic investment plan in the following areas;

• Residential REO’s

• Commercial Retail, Warehouse, and Land defaults

• Distressed Debt and Restructurings

• Non-Performing Notes

• Mortgages

• Gaming

We predict that properly positioning ourselves in these six areas will create substantial long term wealth for our investors.