10 Fixed Wing & 1 Rotary Wing

Under Instructions from the Financiers, Corporate, and Vendors.

AIRCRAFT AUCTION

2.00 pm, Friday, 27 April 2007 by Public Auction at the premises (courtesy) Maryborough Aviation Services, Maryborough Airport,
Qld, Australia.

10 Fixed Wing & 1 Rotary Wing

Piper Chieftain VH-SAQ - Sold

Aero Commander 685 VH-FVJ -

GA8 Airvan VH-RYT - Sold

Cessna 401 VH-ARI - Sold

Beech 95 B55 Baron VH-KEG - Withdrawn

Beechcraft Duchess 76 VH-MFS - Under Offer

Bell Kiowa OH-58A Helicopter VH-FFZ - Sold

Piper Lance PA32R-300 VH-XMI - Sold

Max Holste MH1521 Broussard VH-HFA -

Cessna 310R II VH-BIR - Sold

Piper Lance PA32R-300 VH-OEL - Sold

Piper Chieftain VH-SAQ

Auction Sale

2.00 pm, Friday, 27th April 2007.

On site: Maryborough Aviation Services, Saltwater Creek Rd,
Maryborough Airport, Qld, Australia.

Note: Venue is approx 257 kms / 3 hours drive North from
Brisbane, Queensland, Australia.

Direct Jet Flights operate from Brisbane / Sydney to Fraser Coast /
Hervey Bay Airport with Shuttle Bus Services to the Auction Site at the Maryborough Airport.

For Auction attendees, the shuttle operator has offered a heavily discounted rate. Please visit http://www.totaltravel.com.au/link.asp?fid=577069 to register your details with the operator.

Inspections by prior arrangement with the marketing agent or as follows:

* Thursday 26th April 2007 10:00 am - 4:30 pm, and

* Morning of Auction from 8:00 am.

All logbooks & documents will be available for viewing under supervision on a "one on one" basis during the prescibed inspection times.

Comprehensive Information Memorandum Available Upon Request.

Lex Simshauser Partners
PO Box 534 Ashgrove 4060.

Ph: +61 7 3366 8811 Fax: +61 7 3366 8812

Lex Simshauser: Mobile - 0419 405 805
E-mail - lex@lexsimshauser.com.au

Graham Messer: Mobile - 0417 771 642
E -mail - graham@lexsimshauser.com.au