The Bauer Partnership Enters Into Agreement to Acquire the Windjammer Landing Resort & Spa in St. Lucia, British West Indies for US $30 Million

First major acquisition at $30 million for Bauer Partnership is Windjammer Landing Resort in St. Lucia.

LONDON --Feb. 6, 2002--The Bauer Partnership Inc. (OTCBB:BUER) ("BAUER"), a leading international real-estate investment company, announced today that through one of its wholly-owned subsidiaries, it has entered into a Share and Asset Purchase Agreement to acquire The Windjammer Landing Resort & Spa in St. Lucia, British West Indies for US $30,000,000.

The Windjammer Resort & Spa was built in 1989 and is a five-star resort and spa, encompassing approximately 56 acres of beachfront land
with 144 villa units plus all resort & spa facilities complementing these units.

"The acquisition of The Windjammer Landing represents a major milestone for The Bauer Partnership," said Ronald J. Bauer, CEO of The
Bauer Partnership. "This is our first major acquisition, and currently serves as our most significant Caribbean resort property while we
continue efforts to aggressively expand our property portfolio worldwide. This serves as one of the many acquisitions that Bauer will
undertake in the coming months," added Mr. Bauer.

The Windjammer property has been profitable for many years, and BAUER anticipates an increase in net income from the property as it executes on the expansion of existing fractional ownership and luxury estate villa development activity.

About BAUER
Founded by Ronald J. Bauer, BAUER is a Financial Services and Holding company that specializes in acquiring cash-flow positive commercial real estate assets on an international basis. BAUER fills a unique position in the market place by offering the ability to structure and finance sophisticated transactions in various geographies worldwide. BAUER seeks to utilize its listed equity to acquire existing hotel and commercial real estate assets to add significant increases in revenue and net asset value to its financial
position.

Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, demand and acceptance of new or
existing businesses, capital resources and future financial results are "forward-looking" statements as contemplated by the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, government regulation, taxation, spending, competition, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. There may be other factors not mentioned above that may cause actual results to differ materially
from any forward-looking information.