ABACO MARKETS TO CONTINUE EXPANSION

September 2000 Table of Contents

ABACO MARKETS TO CONTINUE EXPANSION

Abaco Markets Limited fully intends to continue its growth rate and to make further acquisitions to increase stockholder worth. According to Ernie Blues, the company's chief financial officer, the company's shares should be much higher and it is in a good position to make further acquisitions.

Abaco Markets Limited share price increased from $2.63 in 1997 to $7 last May after a stock split increased share value by 166% in two and a half years and brought an annualised dividend yield of 4.14%. Earnings per share are projected to reach 50 by year end in comparison with 20 in 1996, while dividends are to double from 12 to 24 using the same comparative.

Abaco Markets Limited started with Abaco Markets Supermarket in Marsh Harbour (since destroyed by fire), Abaco Wholesale in Marsh Harbour, the Mini Market in Treasure Cay and a small shop in Boat Harbour. It has since acquired Sawyers Market and Golden Harvest in Marsh Harbour; Thompson Wholesale in Freeport; Bellevue Business Depot in Freeport and Marsh Harbour; Cost Rite wholesale clubs, Dairy Queen stores, Domino's Pizza and United Book Stores in Nassau; and Turks and Caicos Trading in Providenciales.
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