HOUSTON – Jan. 20, 2005 – Linsure Holdings, Inc. (Pink Sheets: LSHJ) has announced that it has entered into an agreement to purchase a 62% majority interest in La Plage Holdings Ltd, for $8.5 million.

The agreement calls for Linsure Holdings to fund a construction program over the next seven years to include 210 luxury residential homes, two hotels and two golf courses located in Eastern Europe. Bank and equity financing is agreed but subject to the completion of due-diligence. Pre-tax profits are forecast to be in the region of $23 million over seven years precluding inflation.

"We are extremely pleased to have secured this property and the opportunity to develop a quality residential community," said Linsure Holdings President and CEO Paul Taylor. "This is an important and timely investment for the Company, representing many months of work and negotiations which will significantly strengthen our balance sheet and substantially support our next stage of business growth and expansion. We are excited to be participating in this development which is sure to be well received in the marketplace," said Taylor.

The property is fully zoned for residential hotel and recreational use and ready for development, with all necessary infrastructures and planning consents already in place. "The development will have excellent sea views and good access from adjoining streets. Numerous retail shops, entertainment centers and dining establishments, other recreational amenities are all located within close proximity to the property," said Taylor.

Linsure Holdings, Inc. is headquartered in Houston, with representative offices in London and Spain.

Contacts:
Linsure Holdings, Inc., Houston
Paul Taylor, 713-893-4195