# EXHIBIT 44

United States Virgin Islands



*Travestons Dream*

ECONOMIC DEVELOPMENT COMM.

ANNUAL REPORT

Fiscal/Calendar Year Ending

December 31, 2008



| Company Name: | Financial Trust Company, Inc. |  |  |
| ------------------------------------------------------------------------------------- | ------------------------------- | ---- | ---------- |
| Gross Sales (Ineligible Sales) & Eligible for Tax Benefits ... | ( \$ - ) | \$ | 66145711 |
| Other Income (Ineligible) & Eligible for Tax Benefits | ( \$ - ) | \$ | 25112607 |
| Gross Wages Paid in the V.I. (Include vacation & sick pay, bonuses, overtime, etc.) |  | \$ | 808546 |
| Average No. of Employees; Full Time & (Part Time/Other)... | 11 |  |  |
| Average No. of Residents; Full Time & (Part Time/Other)... | 11 |  |  |
| Average No. of Non-Residents; Full Time & (Part Time/Other)... |  |  |  |
| Other Employee Cost - Employment - With insurance, pension, allowance, etc.) |  | \$ | 219775 |
| Employee Income Taxes Paid and Withheld |  | \$ | 225866 |

TAXES AND DOLLARS (Printed dollar amount paid, and value of exemption/refund for each tax)

| Gross Receipts: | Amount Paid |  | 1,004,504 |
| -------------------------------------------------- | ------------------------------------------ | -- | ----------- |
|  | Dollar Value of Exemption |  | 2645828 |
| Real Property Tax: | Amount Paid |  | - |
|  | Dollar Value of Exemption |  | - |
| Excise Taxes: | Total Paid |  | - |
|  | Dollar Value of Exemption/Refund |  | - |
| Income Taxes: | Total Paid |  | 3951894 |
|  | Dollar Value of Exemption/Refund |  | 33392783 |
| Customs Duties: | Total Paid |  | - |
|  | Dollar Value of Exemption/Refund |  | - |
| Other: | Hotel room taxes paid |  | - |
|  | Other Taxes, Fee Paid to V.I. Government |  | 2274 |
| **TOTAL TAXES PAID:** |  |  | 3954168 |
| **TOTAL VALUE OF EXEMPTIONS AND OR REFUNDS:** |  |  | 36038611 |

EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT

|  | Eligible Supplier | V.I. Suppliers | Non-Local | Totals |
| -------------------------------------------------------------- | ------------------- | ---------------- | ----------- | --------------- |
| **Goods and Services:** |  |  |  |  |
| Raw materials, components |  |  |  | - |
| Food, beverage |  |  |  | - |
| Freight Charges |  |  |  | - |
| Insurance [\$ 630 DIFT] | 12550 | 4263 | 6902 | 23,715 |
| Legal/ Accounting [\$ 1000 DIFT] | 22373 | 805 | 7173 | 30,351 |
| Advertising / Promotion |  | 2243 |  | 2,243 |
| Utilities (tel., water, elect. etc.) |  | 38015 | 8729 | 46,744 |
| Interest & Other Bank Chg. |  | 95 | 91 | 186 |
| Supplies | 7968 | 14364 | 5898 | 28,230 |
| Repairs/Maintenance | 1202 | 1596 | 4090 | 68,88 |
| Other (List Separately) | 1706 | 5268 534066 | 6521 | 542875 542695 |
| **Subtotal, Goods and Svcs:** | 45799 | 59629 598047 | 39404 | 281232 681290 |
| **Capital Expenditures:** |  |  |  | - |
| Building & Improvements |  |  |  | - |
| Leasehold Improvements |  |  |  | - |
| Machinery / Equipment |  |  |  | - |
| Furniture / Fixtures | 1399 | 6535 | 1056 | 8990 |
| Vehicles |  |  |  | - |
| Other (List Separately) |  |  |  | - |
| **Subtotal, Capital Expend:** | 1399 | 6535 | 1056 | 8990 |
| **GRAND TOTALS** | 47196 | 802582 | 40460 | 690240 |
| **CUMULATIVE CAPITAL EXPENDITURES UNDER EDC CERTIFICATE** |  |  |  | 618103 |

Name/Signature of Preparer: Jeanne Ducron (Signature) Date: 10/12/07
 Jeanne [Redacted] (Print Name) Telephone Number: 340-775-2525

Fiscal/Calendar Year Ending December 31, 2006

Company Name: Financial Trust Company, Inc.

EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT -Other



Goods and Services:

Dues and subscribions DFF #663

Postage and delivery

Travel DFF # 00

Meals and transportation

market services

Charitable contributions

Company

Foundation

Co-op marketing fee/compliance fees

Rent included in billing submittal

Subtotal, Goods and Svcs:

| Eligible Supplier | V.I. Suppliers | Non-Local | Totals |
| ------------------- | ---------------- | ----------- | ----------------- |
| 206 |  |  | \$ 206 ✓ |
|  | 5157 |  | \$ 5157 ✓ |
|  | 6694 | 1526 | \$ 8219 ✓ |
|  | 2146 2166 |  | \$ 2146 2166 ✓ |
|  |  | 4995 | \$ 4995 ✓ |
|  |  |  |  |
|  | 9,865 |  | \$ 9865 |
|  | 423,837 |  | \$ 423837 |
|  |  |  | \$ 1500 ✓ |
|  | 86949 |  | \$ 86949 ✓ |
|  |  | 6521 | \$ 54275 542695 |
|  |  |  |  |



*Investors Dream*

## EDC ANNUAL REPORT

### Value of Exemptions of Stockholders/Partners/Members

**BENEFICIARY** Financial Trust Company, Inc. **Fiscal Year Ending** December 31, 2006

| Stockholders,
Partners or Members | Social Security
No. | Physical
Address | %
Distributable
Shares | EDC Income | Business
Activity | Total Tax Due | EDC Credit | Balance Tax
Due |
| -------------------------------------- | ------------------------ | --------------------------------------------------------- | ------------------------------ | ------------------------------------------------------------- | ---------------------- | --------------- | ------------ | -------------------- |
|  |  |  |  |  |  |  |  |  |
| Jeffrey E. Epstein | [REDACTED] | Little Saint James
St. Thomas U.S. Virgin
Islands | 100 | See page 1 of Economic Development Commission Annual Report | | | | |
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| **TOTAL:** |  |  |  |  | \$ | \$ | \$ | \$ |

Note: Totals of EDC Credit and Balance Tax Due must be carried forward to the EDC Annual Report and reported under Taxes and Duties (See instructions).