Treasure Island Management Ltd. Announces New Chairman Of The Board, Mark M. Moskowitz

Online, October 22, 2012 (Newswire.com) - Treasure Island Management, Ltd. (TIM) announced that on October 17, 2012, Mr. Mark M. Moskowitz, a distinguished legal scholar and practitioner, has been appointed as the Company's new Chairman of the Board.

Mr. Moskowitz is a graduate of Harvard Law School as well as former editor of The Harvard Law Review, and spent 40 years as a senior corporate and securities counsel and a shareholder/partner with several major US law firms. During this period he represented clients in a variety of industries, and developed an international reputation for his expertise with the gaming industry, having participated in several billion dollars of casino financing transactions.

"Mark has made enormous contributions to Treasure Island Management for the past 5 years, serving as General Counsel for TIM, as well as business consultant on financial funding for the proposed resort," said Rickey Pierce, Treasure Island Management's Founder and CEO. "His insight and leadership are incredibly valuable to our Company."

"Mark and I have gotten to know one another very well over the past few decades and on behalf of the entire board, we think he is going to make an extraordinary addition to our Company though application of his creative skills, experience and business relationships," said Greg King, Secretary-Treasurer

Treasure Island Management, Ltd. is a Belizean Corporation that is developing Treasure Cove Belize [www.TreasureCoveBelize.net], the proposed largest Mega-Green Resort in the Caribbean. The proposed development, Treasure Cove Belize, is 1.2 miles of premier property in Belize facing the Belize Barrier reef. The management team at Treasure Island Management, Ltd, a Belizean corporation, is committed to establishing a model of low-impact, sustainable development for the largest proposed mega-green resort in the Caribbean, Treasure Cove Belize.