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Past Profile
eBlast
Explorations Group, Inc. (OTCBB: EXGI)
November 30, 2004.
 
 Explorations Group, Inc. (OTCBB: EXGI) 

Dear Reader,

The old axiom goes, "Want to get rich?  Own a parking garage in San Francisco."   Of course that could be a parking lot, or a garage, or a giant concrete structure in New York, Miami, Chicago, or Houston.  As a matter of fact, as you read on, you'll see it doesn't only apply to large cities, but also to the hospitals, shopping centers, schools, sports complexes, airports and public parking facilities that operate in any town USA.

Looking in from the outside, parking may appear to be a simple business: a car parks in a space and the owner pays for that privilege.  But parking is in fact, a complex business that requires specialized knowledge and a wide-range of expertise.  Nearly 90% of North America's commercial parking spaces are managed by professional parking firms. 

Explorations Group, Inc. (OTCBB: EXGI) today's featured company, owns and operates parking and storage facilities. Its much larger, public company competitors (Standard Parking Corp. - Nasdaq: STAN and Central Parking Corp. - NYSE: CPC) trade at 12 times and 26 times earnings respectively (forward P/E).  Applying these earnings multiples to EXGI places its stock price much higher than its current trading range based on the company's projected earnings for FYE 2005

EXGI acquired Parking Pro, Inc., just a few months ago and is already profitable.  The company currently has four facilities under contract and is now solely focused on growing Parking Pro into other regions of the country.  Management has identified 19 acquisition targets and expects to complete the first nine of those by April 2005. 
 
 About EXGI and Parking Pro, Inc. 



Parking Pro, ParkPro and its affiliates are consultants and operators of  four public parking facilities in the New York Metropolitan area under leases and management contracts covering parking facilities owned by non-affiliated property owners.  Management contracts generally provide for a fixed fee plus fees for ancillary services.  Leases generally range anywhere from three to 20 years. Parking Pro intends to increase revenues and improve profitability with existing leases and management contracts and expand its business by acquiring additional parking facility operations and management contracts. 

Parking Pro has achieved profitability during the past 6 months (unaudited)

Revenues are up 104% over the last quarter to $641,000 from $314,000

Direct Parking Services increased 75%

Revenue from management contracts and license fees, posted quarter to quarter gains in excess of 100%

EXGI plans to have approximately 40 locations under management by the end of 2005



Excerpt from the 11/10/04 Letter to Shareholders:
Parking Pro management has identified 19 acquisition candidates consisting of nine parking facilities controlled by a single, independent operator, nine parking facilities controlled by former shareholders of Parking Pro, and a vacant warehouse controlled by an unaffiliated entity. Parking Pro management has reviewed financial information on the nine facilities controlled by the independent operator and believes the acquisition will contribute $2.4 million in gross revenues equating to an additional $500,000 of EBITDA on an annualized basis. Currently, Parking Pro management is actively seeking firm commitments on acquisition funding and anticipates closing the acquisition during 2004.  Parking Pro management expects to complete the acquisition of the nine affiliated parking facilities by April 2005 and is in final negotiations in regards to the vacant warehouse.  No cash funding is required to acquire the nine affiliated parking facilities. Cash required to obtain the warehouse leasehold interest will come from debt and/or equity issuances.

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  The Parking Industry 

The International Parking Institute, a trade organization of parking professionals, estimates that as of December 2002 (the latest year for which numbers are available) there were approximately 40,000 parking facilities in the United States generating over $29.0 billion in gross customer collections. Industry participants, the vast majority of which are privately held companies, consist of relatively few nationwide companies and hundreds of small regional or local operators, including a substantial number of companies that provide parking as an ancillary service in connection with property management or ownership.
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Over the years, the parking industry has undergone a period of rapid consolidation 
and today, remains highly fragmented with only a few nationwide operators. 
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     EXGI Management 
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"The New York market in particular is comprised of only a handful of large players and is mostly dominated by smaller, niche operators, most of whom lack the resources to effectively compete for new contracts. While we (Parking Pro) currently operate only a small number of facilities, our company is growing rapidly in a profitable manner and most importantly we've established a strong brand and credible reputation among our customers, partners and industry peers.

"It is our intent to further integrate previously acquired properties and to look for new opportunities to extend our reach both in and outside of the New York metropolitan market and achieve greater economies of scale.  It is our goal to have roughly 40 locations under management in addition to revenue generating relationships with third-party vendors and associates by the end of 05. We believe we have assembled an experienced management team capable of increasing shareholder value over the long-term."

Eric Brown, chairman, CEO and President



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    EXGI and Parking Pro Services 
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EXGI does a thorough study of each property 
and provides an in-depth business plan outlining 
specific steps to maximize service and improve net revenues. 

The plan includes a competitive rate survey and customer mix profile. 
The plan includes a review of signage, layout, equipment, lighting, 
security audit procedures, and regional - local marketing programs.


Safe, Courteous, Professional and Reliable Services.
Consulting services
Management services
Valet Parking 
Self parking 
Online payment services
Hospital Parking
Hotel Parking

Clients are provided with a step-by-step roadmap for improving profits.

1508 Lexington Avenue, New York, NY 10128 - 300 Schermerhorn Street, Brooklyn, NY 11201

359 Schermerhorn Street, Brooklyn, NY 11201 - 1625 Surf Avenue, Brooklyn, NY 11223

CAREFUL COURTEOUS PROFESSIONAL CITYWIDE
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    Recent News From EXGI

Press Release Source: Explorations Group Inc. 
Thursday September 30, 6:15 am ET 

Explorations Subsidiary in Due-Diligence Period 
to Acquire Nine more Parking Facilities

NEW YORK, Sept. 30 /PRNewswire-FirstCall/ -- Explorations Group Inc. (OTC Bulletin Board: EXGI - News), a publicly held Delaware corporation, through its wholly owned subsidiary, Parking Pro, Inc., an emerging operator of public parking facilities in the New York Metropolitan area, today announced that on September 29, 2004 it signed a Letter of Intent to acquire 9 parking facilities from an unaffiliated operator. Results of preliminary negotiations and evaluation of unaudited financial operating results culminated in the signing of the Letter of Intent. 
To read the complete release, the link is Here.


Press Release Source: Explorations Group Inc. 
Wednesday September 29, 6:15 am ET 

Explorations Subsidiary to Acquire 2 More Parking Facilities

New York, Sept. 29 /PRNewswire-FirstCall/ -- Explorations Group Inc. (OTC Bulletin Board: EXGI - News), a publicly held Delaware corporation, through its wholly owned subsidiary, Parking Pro, Inc., an emerging operator of public parking facilities in the New York Metropolitan area, today announced that it has agreed in principal to acquire File Management Corp. and Peaceful Management Corp., both NY corporations. File Management Corp. and Peaceful Management Corp. are affiliated companies, being owned by the former shareholders of Parking Pro, Inc.
To read the complete release, the link is Here.


Press Release Source: Explorations Group Inc. 
September 21, 2004 4:16:00 PM ET

Explorations Group Subsidiary Appoints Chief Financial Officer

NEW YORK, Sept. 21 /PRNewswire-FirstCall/ -- Explorations Group Inc. (OTC Bulletin Board: EXGI), a publicly held Delaware corporation, through its wholly owned subsidiary, Parking Pro Inc., a newly formed and emerging operator of public parking facilities in the New York Metropolitan area, today announced that Christopher J. Brnic, CPA has been named chief financial officer of Parking Pro, effective immediately. 

"We are pleased to have Chris join Parking Pro," stated Eric Brown, chairman and chief executive officer. "His extensive financial management and strategic planning experience will benefit Parking Pro as we continue to grow and further enhance our emergence into the public parking facility industry. Chris's appointment will also enable Explorations to continue to provide shareholders with a high level of integrity in its financial reporting."  Brnic joins Parking Pro with extensive financial management, strategic planning and SEC experience, most recently holding the position of Director of Financial Operations at TheStreet.com Inc.  
To read the complete release, the link is Here.



 

Press Release Source: Explorations Group Inc.
Wednesday September 15, 6:01 am ET 

Co-Founder of Parking Pro Inc., Eric Brown, Discusses Positive Outlook for Explorations Group Inc. in Interview 
with Baltimore's Business Radio 1190

NEW YORK, Sept. 15 /PRNewswire-FirstCall/ -- Explorations Group Inc. (OTC Bulletin Board: EXGI - News), through its wholly owned subsidiary Parking Pro, operators of public parking facilities in the New York Metropolitan area under leases and management contracts covering parking facilities, announced today that, Eric Brown, chairman, CEO and President of Explorations, will be interviewed by Aime Glassko, program coordinator of WBIS 1190 on Wednesday, Sept. 15, at 9:21 A.M. EDT with an immediate re-play at 10:21 A.M. EDT. Business Radio 1190, http://www.wbis1190.com.
The interview can be heard online at http://www.wbis1190.com and a link to the profile can be found at http://www.tristatecapital.com/exgi.html. The purpose of the interview is to familiarize investors with Explorations and give insight into the background, performance, services provided and future potential of the company. The in-depth interview conducted by Glassko is geared toward sophisticated investors who require first-hand perspective to assist them in making informed investment decisions. The interview can be retrieved at a later date if not heard live at http://www.explorationsgroup.com.

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    Financial Highlights For EXGI
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EXGI Industry:
Commercial Services 

Shares Outstanding: 6,426,567

Float: 873,000

Recent Price: $0.26 (11/29/04)

52-Week High (01/29/04) $1.01 

52-Week Low (11/20/03) $0.20 

As reported in the company's Form 8-K/A filed on August 27, 2004, revenues are up 4% quarter to quarter to $327,000 from $314,000, an increase of approximately 4% over the $314,000 reported for the previous March 31,2004 quarter.  Fueling this growth were increases in revenues related to direct parking services, which increased 75% and revenue from management contracts and license fees, which posted quarter to quarter gains in excess of 100%.  Expenses increased from $222,200 to $434,900, though as a percentage of revenues, decreased by approximately 6%.  Un-audited net income for the six-months ended June 30, 2004 was $206,100 as compared to un-audited net income of $91,800 for the three-months ended March 31, 2004, an increase of almost 125% quarter to quarter. 

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aaaaaa EXGI PRICE
 EXGI vs. SPX Sector Comparative Returns 

 To view the latest from EXGI on the SEC Web site, the link is Here
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    To Contact EXGI & Parking Pro, Inc.

Headquarters 
1369 Madison Avenue, Suite 432
New York, NY 10128
Main: 212.722.4424 - Fax: 212.722.4218
Email: investorinfo@parkproinc.com 
Website: http://www.parkproinc.com 


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