ADVERTISING: Most of the advertising for The Outlets of Colorado is all electronic media and Public Relations efforts…for that reason, we have the following to mention in this section relating to Advertising: The following reflects the advertising that was produced for the Outlets of Colorado: 1. Frontier Airlines Wild Blue Yonder – In flight video: Our video plays four times per inbound and outbound flight on every television channel. It is approximately 1.5 minutes in length. The video has already been produced and may be viewed by clicking below on the link. Please view the video section to see this exciting exclusive partnership. 2. Banner Ad- Map Channel - There is also a banner on the map channel guiding passengers to the in-flight Wild Blue Yonder publication as well on all Frontier airlines inbound and outbound. 3. Print – Wild Blue Yonder Shopping Spree 4 page section ------May/June 2007 The Outlets of Colorado is the exclusive shopping venue in the upscale shopping section of Wild Blue Yonder magazine. Denver is the hub for Frontier airlines and has approximately 7,500 flights per month and serves over 1,044,963 passengers on the mainline fleet with the tv’s. 1,229,440 passengers are exposed to the magazine which is distributed across the entire fleet. The printed piece is 4 full pages with a BRC card great for giveaways and tracking purposes 4. Savings Card – Dex Media (yellow pages) sponsorship - $10,000 cash sponsorship 5. Dex Media (yellow Page) ads which are running through 2007 representing a $250,000 trade value! Wild Blue Yonder Banner Ad- Frontier Airlines in-flight Video Above is the banner ad that Frontier created for us as “added value” and it is positioned as a banner ad on the Map Channel on all Frontier Airline flights! Below is the first issue of the May 2007 Wild Blue Yonder in flight exclusive Shopping Spree section. The exposure to the outlets as THE SHOPPING DESTINATION in Colorado has positioned the Outlets of Colorado Centers as an upscale shopping alternative that offers Great Values, Wonderful Brands, and Unbelievable Savings in three convenient locations in Colorado. We’ve got you covered in Colorado! The Outlets of Colorado have this exclusive Shopping Spree section and are firsts at reaching tourists and residents on airplanes through our partnership. This partnership is a Win Win as we win by the exposure and Frontier wins by all of the Winning giveaways we are offering in this section. We are planning trips to Wynn Las Vegas as well as to Snowmass Colorado and more. We were able to negotiate and saved $40,000 on this exclusive partnership! Wild Blue Yonder Exclusive Shopping Spree section – In flight Magazine What a great way to advertise our brands and for our retailers to get involved. We can feature 7-8 tenants plus offer a great giveaway for tracking purposes. At the time of this report over 200 BRC cards for May/June 2007 have been turned into our center customer service areas. Our retailers love this added exposure and we feel it is a wonderful privilege to build this relationship with Frontier Airlines as the exclusive Shopping Spree section! DEX MEDIA – Yellow Pages The Outlets of Colorado developed a strong partnership with Dex Media which is the yellow page booklet format and on line resource for looking up business phone numbers. The partnership affords us the following in Free advertising in this valuable vehicle to heavily promote our brands to users of the yellow page phone book. Directory Description UDAC Rates Annual Issue Start Date Denver Full Page Full Color Dec-06 Boulder 1/2 Page Full Color Dec-06 CO Springs Full Page Full Color Jan-07 Castle Rock 1/2 Page Full Color Feb-07 Fort Collins Full Page Full Color Feb-07 Greeley 1/2 Page Full Color Sep-07 Loveland 1/2 Page Full Color Mar-07 Total Advertising Value = $256,064.20 Brands and Values and Prices are what we were trying to accomplish with this partnership in a place that locals and tourists both visit the Dex yellow pages to find phone numbers, etc. The Outlets of Colorado has the most visible and full page and half page ads than any other shopping center. We are covered in all Denver metro and surrounding area markets. In exchange, we are offering them four 22 x 28 signs and to be included in a maximum of two center events where they may set up a table. In addition, we received a $10,000 sponsorship for Dex Media to have their logo on our savings cards. END OF ADVERTISING SECTION OUTLETS OF COLORADO PR + OUTLET FASHION BRANDING