Editorial from Scott Mathis, Chairman & Founder - The Algodon
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The Algodon

Editorial from Scott Mathis, Chairman & Founder

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Friends,

As you can see from our latest newsletter, we have plenty to report.  One thing we didn't touch on in this issue that I'll mention here is the finalizing of our new wine labels.  After much internal consideration and discussion with our designers, we've come up with a brand-new look that speaks volumes.  It's sophisticated and chic, and really looks great.  One of our partners- and Master of Wine- Anthony Foster of Bonhote Foster Limited, was visiting New York recently and contributed some truly valuable insight and input towards the new labels, as well.  We'll be showing them to you soon.

Good news regarding Argentina can be found in the news almost every day.  Valuation of the ARS is currently the lowest it's been against the USD since 2002, and Argentine stocks are up.  Standard & Poor's gives Argentina a ‘B-' credit rating, and confirms that their economic outlook remains stable.

In addition to those media mentions highlighted above, our Algodon properties continue to popup in all kinds of notable publications including DailyCandy.com, The Buenos Aires Times, MSNBC.com (as a Valentine's Day travel recommendation, no less), and The Tampa Tribune.

José Luis Clerc was in New York recently with ESPN covering the Australian Open.  His visit was also a great opportunity for some of our people in the office to spend some time with him.  As you know, José is an Argentine tennis legend who serves as Ambassador to the Algodon Brand. He and our architect and designer, Gerhard Heusch, are currently finishing blueprints for the tennis courts and lowered center court, as well as the restaurant expansion, new locker rooms, and other tennis center related facilities that are now on the front burner. There is already talk of hosting a challenger tournament in November 2009.  By then the new 18-holes will already have been in play for some time, so we may be looking at a really fun event. With the Mansion's Grand Opening just around the corner, we're anticipating an all-around busy spring into summer, and summer into fall.

--Scott Mathis

For weekly insights and updates on our property developments, be sure to subscribe to Scott's personal blog at www.ScottMathis.com. 

Scott Mathis is the founder and Chairman of DPEC Partners, and as its driving force, he continues to create entrepreneurial ground-floor investment opportunities for high net-worth investors. With over 25 years in the financial industry, he has extensive experience in business, investment and management in both North and South America, and his wide-ranging entrepreneurial endeavors include conceiving and developing the luxury brand, Algodon. His experience includes positions at Merrill, Lynch, Pierce, Fenner and Smith, a partner at Oppenheimer and Company, as well as positions at Gruntal, Alex Brown and Sons, and The Boston Group. He is also the founder of DPEC Capital, Inc. (member of FINRA, SIPC, and SIA), InvestProperty Group, LLC, Algodon Properties, and InvestBio, Inc. Mr. Mathis has served on numerous boards throughout his career including the Board of Directors of The Vaccine Company and Kinexis, Inc. (which is currently performing early stage research for an Alzheimer's vaccine). He also serves as an observer on the Board of Directors for AmpliMed, Corp.

 

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