INVgolf / Dr. Falk Billion / INVgolf Investment Forum 2005, Antalya, Turkey

Dr. Falk Billion, independent golf course appraiser/valuer and co-founder, German Golf Course Owners Association, to share his expertise at the INVgolf Investment Forum 2005 in Belek

Dr. Falk Billion

FOR IMMEDIATE RELEASE

February 9, 2005 -- Dr. Falk Billion, an independent golf course appraiser/valuer based in Munich, Germany, will join the "Five Experts Comment on Four Projects in Three Countries" interactive session at the INVgolf Investment Forum 2005, to be held in Belek, Antalya, Turkey on April 22 & 23, 2005. Other experts leading this discussion include Keith Haslam and Ayhan Yeginsu.

Falk is the Co-Founder of the German Golf Course Owners Association (BVGA) and member of the Advisory Board of the International Association of Golf Club Presidents (Internationale Vereinigung von Golfclub-Präsidenten e.V.).

"Owning and operating a golf course is a rewarding business, provided you have got the necessary know-how and can transfer it into value added," says Falk. "Location, product and management are the three key factors to the success of any golf course. The INVgolf Investment Forum 2005 in Belek is the place to immerse into the very actual state of the art of the golf industry, providing its high-level delegates with a unique international industry and investment platform and a 'one-stop shop' experience."

One of the three project presenters during this session will be Paul Dellanzo, Vice President of European Operations, Troon Golf, who will make a case presentation on The Grove, Hertfordshire, England.

Career summary

Born in 1949, Dr. Falk Billion is an independent golf course appraiser/valuer based in Munich, Germany. A geographer by training (PhD in 1975), Falk initially worked in leisure research, planning of recreational facilities, and sports management. From 1985 on, he has been working in the world of golf. After positions as Managing Director of the German Golf Association and CEO of a German golf course development company, he established his golf course valuer's office in 1991.

To date, Falk has completed more than 400 reports on a great variety of business aspects of the golf course industry for over 200 clients in Germany and in other European countries (golf course owners and operators, land owners, investors, banks, public authorities, law courts, insurance companies, etc.). Falk is the market leader in golf course valuations in Germany, with 86 golf course valuations under his belt to date.