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Groundbreaking for the Intl. Trade and Transportation Center Oct. 7

5 October 1998

Groundbreaking for the International Trade and Transportation Center, Wednesday, Oct. 7

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SPECIAL GUEST 
SPEAKERS: Political and business leaders from the state of California:

          -- Governor Pete Wilson
          -- State Senator Jim Costa
          -- Garry Nelson, Mayor, City of Shafter
          -- Jon McQuiston, Supervisor, First Supervisorial District
          -- Mary Jane Wilson, Chair, Kern Economic Development Corp.
          -- Karen Tozer, Manager, FTZ 202, Port of Los Angeles

EVENT 
HOSTS:    Developers (offices in San Diego, Sacramento, Bakersfield,
          Newport Beach, Las Vegas):

          -- Richard Allen, CEO, Allen Group
          -- Joe Drew, President, International Trade and 
             Transportation Center

BREAKING GROUND
IN TRADE AND
TRANSPORTATION:  

          Groundbreaking ceremony for the International Trade and
          Transportation Center (ITTC), a 700-plus-acre intermodal
          distribution center and transportation facility, with direct
          rail link to ports of L.A. and Long Beach.

TIMING:   Wednesday, Oct. 7
          1:45 p.m. to 3 p.m.

LOCATION: Shafter, Calif. (San Joaquin Valley, Greater Bakersfield)
          From the intersection of I-5 and Seventh Standard Rd.,
          proceed East approx. 11.5 miles. From the intersection of 
          Highway 99 and Seventh Standard Rd., proceed West approx. 
          6.5 miles.

WHY YOU SHOULD
 CARE:    The ITTC is a multi-phased industrial development designed
          to provide a quality industrial setting and a regional 
          transportation solution. The first phase of 700-plus acres 
          will greatly impact the region, state and nation by:

          -- providing approximately 2,000 to 3,000 new jobs in the
             region
          -- adding 9 million to 10 million sq. ft. of new industrial
             capacity
          -- improving the local tax base with an estimated 
             $350 million in new assessed valuation
          -- increasing ancillary businesses to serve anchor tenants
          -- creating a major new transportation hub
          -- creating a new standard for industrial development in the
             United States

     Location, Location, Location
     Located at the southern end of the San Joaquin Valley, ITTC 
benefits by:

          -- being on the main line of Burlington Northern Santa Fe
             Railroad for direct access to ports of Los Angeles and 
             Long Beach
          -- being in the population center of California with 23
             million living in a 300-mile radius
          -- being Site No. 3 of Foreign Trade Zone (FTZ) -- provides
             a tariff-free or tariff-deferred transfer of goods
          -- having easy access to major North/South interstate
             highways
          -- leveraging outstanding, affordable labor pool, great
             strategic location and high quality of life, among other 
             reasons.