Uzel is one of Turkey's leading industrial groups, with origins reaching back to the 1930s. Our principal business activities are in the areas of automotives and agricultural machinery and we are one of the world's biggest manufacturers of tractors in terms of the number of units sold. We also produce diesel engines and suspension systems. With a strong background and track record in manufacturing, Uzel's goal today is to become a benchmark in services as well. The company is currently engaged in a program to turn itself from a wholesale manufacturer to a producer of consumer-oriented goods and services.

As one of the youngest and most dynamic hotel groups in Turkey, Uzel Tourism is rooted in the strong corporate culture of its parent company, Uzel Holding. It presently owns and operates a bed capacity of one thousand in two hotels. Located in two of Turkey's star tourist destinations, Bodrum, the company's hotel services are marketed under the L'Ambiance trademark. We are also the operators of a popular beach club, an enterprise in which we hold a stake.

Our vision is to continue to grow in various branches of the tourism industry and to become a world-recognized brand. We do not restrict ourselves exclusively to domestic (in-country) projects and we are in the process of putting together a strategic transformation plan. Our immediate objective is to increase our bed capacity, which we expect to do by operating and/or leasing new hotels and holiday villages.

We are currently engaged in negotiations for a large number of holiday villages and hotel projects in various locations along Turkey's Aegean and Mediterranean coasts. In the same vein, we are also interested in discussing strategic cooperation agreements with foreign firms engaged in the businesses of tour operations, retail chains (travel agencies), hotel owners, and financing companies.

During the high season, we presently create employment opportunities for about 330 people. Our central management team, with a core of seven members, continues to work in line with our growth goals while the rest of our personnel carry out the duties and functions of operating the hotels.

As an integral element of our management philosophy, our plan is to achieve the degree of profitability that our company needs to sustain its growth while also developing the resources that will enable us to achieve the company's other goals. Concerning service, our principle is to ensure that our guests perceive us as a company that provides perfect service and, in that way, earn their respect and loyalty. While developing new skills that will contribute to our growth in the tourism industry, we also create high-quality products that are market leaders. We strive to recognize the individual successes of each employee and to reward them for their performance. In the area of personnel training, we conduct programs aimed at keeping employees' job skills and discipline at the highest level while also contributing to their professional development.

Wherever our company is engaged in operations, we seek to create economic, intellectual, and social value; to be an exemplary "corporate citizen"; and to fulfill our responsibilities towards society.