Business plan
SOLIDARITY International FOR THE MODERNIZATION OF HAITI doing BUSINESS UNDER THE NAME OF Hig
HAITIAN INTERNATIONAL GROUP is a Business Corporation organized in accordance with the
General Corporation Laws of the State of New York.
TERM: The Corporation began on July 1, 2004 and shall continue perpetually unless earlier
terminated by decision of the Board of Directors with the approval of all the Shareholders.
MISSION: Our mission is to be an alternative source of funding; a medium through which Haitians,
citizens of Haitian ancestry worldwide will be able to safely invest in government and private sectors
projects and programs - usually avoided by other lenders and venture capitalists – that are capable of generating sustained job growth and creating wealth ; to make money for our shareholders; to be an innovator in all areas of learning, growth and human development. We will also endeavor to foster
constant dialogue among Haitians and work diligently to introduce the newest technologies that will
allow Haiti to meet the challenges of the dynamic world of today.
|
OBJECTIVES:
The Group’s immediate objectives are:
To set up a Haitian Development Fund that will invest primarily in government and private projects
and also advocate investments in socially responsible projects such as: building Vocational and
Professional schools, opening Credit Unions, Public Libraries and Community Care Development
Centers whose primary functions will be to offer various low-cost services to the people in their
respective areas;
to interest and persuade Haitians, Haitian-Americans, Investors, International lending Institutions
and venture capitalists to Finance and Invest in various projects that are being undertaken by the
Haitian government, private enterprises, associations, individuals and groups of individuals. The
Group will also work earnestly to find and offer possible sources of grants and other advantageous
funding sources worldwide.
|
INVESTMENT STRATEGIES:
HAITIAN INTERNATIONAL GROUP will allocate its portfolio as follows:
1) 80% of the funds will be utilized mostly in Haiti to finance:
Government projects / programs;
Private projects / programs and profitable consumer-oriented businesses ;
And various profitable investment ventures, in other parts of the world, that will help
create much needed jobs for the population while providing a good return on our
investment.
2) 20% will be kept in North America and invested:
in obligations issued and/or guaranteed as to principal and interest by the United
States Government or by its agencies and instrumentalities;
in municipal obligations of any maturity whose interest is exempt from federal income
tax ;
and in high quality, short-term money market instruments that present minimal risks.
INVESTMENT RESTRICTIONS:
To the extent that its assets are not invested in profitable and socially-responsible programs / projects
in Haiti, management will maintain its funds in securities and obligations issued by the United States
government, by municipalities and in high quality money market instruments. Investments in programs
/ projects shall be subject to the following restrictions: for amounts up to $100,000.00, the decision to
approve will be made at the discretion of the Executive Committee, however, for amounts over
$100,000.00 and up to $1,000,000.00, the decision to approve will have to be ratified by a simple
majority of the investors through a secret ballot; for amounts over $1,000,000.00, the decision to
approve will be ratified by a two-third majority of the investors, again, through a secret ballot. If the
votes are even, the president of the Executive Committee will cast the deciding vote.
INVESTMENT RISKS:
Although Haitian International Group seeks to preserve the value of its investments, its performance
may be hurt by certain risks which could result from falling interest rates, poor security/investment
selection, poor credit extension, foreign currency fluctuations, exchange control regulations, changes
in government economic or monetary policy in the U.S or abroad or other political and economic
factors. Therefore, when you redeem your shares they may be worth more or less than what you paid
for them.
An investment in Haitian International Group is not a bank deposit and is not insured or guaranteed by
the United States Federal Deposit Insurance Corporation or any other government agency.
The Securities and Exchange Commissions has not approved or disapproved the shares of stock of
HIG nor has it determined that this prospectus is accurate.
|
MANAGEMENT
HAITIAN INTERNATIONAL GROUP is run by a Board of directors composed of seven
members: a Chairman of the Board, two Vice-presidents, a Treasurer, a Secretary and two advisers.
To be eligible to serve on the Board of directors, a person must commit to purchase at least one (1)
share of Haiti International Group and up to the maximum allowed under the rules and regulations.
The Board of Directors will delegate day-to-day operations to an Executive Committee. The members
of the Executive Committee are nominated at the Annual Shareholders’ meeting for a period of three
(3) years to allow them to carry on the policies and objectives of THE GROUP. These members are:
the Chief Executive Officer, the two Vice-presidents, the Treasurer, the Secretary, the Controller, the
legal Advisor.
Salaries: No member of the Board of Directors shall be compensated for services rendered to
the corporation except reimbursement for expenses. No officer of the Executive Committee shall
receive any salary unless provided or authorized by the Board of Directors. No officer shall be
prevented from receiving a salary by reason of the fact that he/she is a director.
Bonding : all signatories of Haitian International Group shall be covered by a fidelity Bond.
|
HOW CAN ONE PARTICIPATE IN THIS CHALLENGING VENTURE?
Become an INVESTOR
By purchasing at least one (1) share of Haitian International Group stock, you will not only
strengthen its investment potential but you will also have an opportunity to participate actively in
various socially-responsible programs that can have an immediate impact on the lives of the Haitian
population.
HOW TO PURCHASE SHARES OF HAITIAN INTERNATIONAL GROUP ?
Shares may be purchased by completing and mailing a Stock Purchase Application to Haitian
International Group. Payment for the shares can be made as follows :
By paying $1,000 US for the purchase of one (1) full share of stock or :
By make installments within an eight-months (8-months) period based on the following
schedule :
o Two (2) installments of 500.00$ US every three-months (3-months) ;
o Three (3) installments of 335.00$ US every two-months (2-months) ;
o Four (4) installments of 250.00$ US every two-months (2-months).
Subsequent investments of $100.00 or more may be made by mail directly to Haitian International
Group, with a check, a money order or by telephone with a credit card.
However, that no investor shall purchase more than fifteen 15%) of the number of shares outstanding
except by expressed consent of the Board of Directors of a written request submitted by the Executive
Committee. Share Certificates (your Proof of Ownership) shall be issued promptly upon payment of
one (1) full share. No shares shall be issued for amounts below $1,000.00 US.
|
OTHER INFORMATION CONCERNING THE ACTIONS OF THE HAITIAN INTERNATIONAL GROUP
Net Asset Value
The net asset value of shares of Haitian International Group shall be determined as of the
end of the year.
Net Income, Dividends and Capital Gains Distributions
Substantially all of the net investment income from dividends and interest (if any) of Haitian
International Group will be paid to its shareholders at least annually (in the month of April of the
following year) as a dividend.
Description of Shares, Voting Rights
All shares of Stock participate equally in the earnings, dividends and assets. Shares when
issued are fully paid. Shareholders are entitled to one vote for each whole share held.
Additional Benefits
Shareholders of Haitian International Group will enjoy the following privileges: a) Opportunity
to invest in other projects before the general public; b) Discounts on most services offered by the
Group.
Redemption of Shares
Investors should be aware of the fact that their funds will be frozen for a period of two (2)
years and that no distributions or dividends will be declared by the Board of Directors until after the
second year of operations. This policy is to ensure that Haitian International Group will have enough
working capital to reach its objectives.
After the waiting period, shareholders may redeem all or any portion of their shares at the net
asset value - as of the end of the previous quarter - after a Redemption Request in proper form is
furnished by the shareholder to Haitian International Group. The proceeds of a redemption normally
will be paid within seven (7) business days after a Redemption Request has been received by Haitian
International Group.
The Value of shares redeemed may be more or less than the shareholder's cost, depending
on portfolio performance during the period the shareholder owned his / her shares. Redemptions of
shares are taxable events on which the shareholder may recognize a gain or loss. Haitian
International Group will make all payments by check.
TAX MATTERS:
Each prospective investor should consult with his own tax advisers as to the tax status of
distributions from Haitian International Group in his own state and locality.
All distributions from Haitian International Group may be subject to respective state and local taxes.
|
REPORTING AND ACCOUNTING
The reporting year of the company shall be the calendar year.
The company shall maintain adequate accounting records. The annual financial statements
and the tax return of the company shall be prepared in accordance with such methods of
accounting as determined by its shareholders. All books, records and accounts of the
company shall be open, at reasonable business hours, to inspection by any members /
shareholders.
The financial statements of the company shall be sent to members / shareholders within 110
days following the close of the calendar year.
Good accounting and internal controls shall be put in place to safeguard funds that are
entrusted with the company. The credit worthiness of borrowers shall be investigated before
any loans are granted and investments are made.
TERMINATION OF THE GROUP
Haitian International Group may be dissolved :
If the corporation loses more than seventy pourcent of its value ;
If the management, in bad faith, assigns, transfers, pledges, mortgages, sells all or
part of the assets of the corporation to any other administrator or any other person
whomsoever, or enters into any agreement as the result of which any person or
persons not a shareholder shall benefit, or any other act contrary to corporate policies
and procedures ;
If the management does any act detrimental to the interests of the corporation or
which would make it impossible to carry on the business or affairs of the corporation.
The corporation shall be dissolved during a general shareholders’ meeting that will be called
by either the president, or in his abscence by the vice-president or by the shareholders owning the
largest number of shares or jointly. Thereafter, the corporation shall be terminated by the payment of
all its debts and liabilities and the distribution of the remaining assets either in cash or in kind to the
partners or their personal representatives in proportion to the number of shares owned.
OTHER INFORMATION
An application form to purchase shares of stock of HAITIAN INTERNATIONAL GROUP will be
furnished upon request. All inquiries should be sent to:
HAITIAN INTERNATIONAL GROUP
C/O 2651 Sunrise Lakes Drive East
Bldg 9, Suite 202
Sunrise, FL 33322, USA
Our office telephone numbers are:(917) 498-4962 / (954) 736-6825.