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   REVITALIZATION PROGRAMS & PROJECTS

    overview . corridor keeper™ program . façade improvement
    program . private development projects . TITLE HOLDING COMPANY

      In April 2009, 8MBA Board of Directors formed a 501(c)(2) subsidiary
      organization for the purpose of acquiring property along Eight Mile.
      Our goal would be to aquire property and seek desirable development
      projects that enhance the business climate along the corridor. We
      are in the process of selecting a Board of Directors and finalizing
      our bylaws. We look forward to having this subsidiary operational
      in early 2010.

      The Internal Revenue Service definition of a 501(c)(2) organization is
      provided below:

      Internal Revenue Code (IRC), section 501(c)(2) provides for recognition
      of exemption of title holding corporations which are organized for the
      exclusive purpose of holding title to property, collecting income from
      the property, and turning over the entire amount less expenses to a
      parent organization which is exempt under IRC section 501(a). section
      1.501(c)(2)-1(b).

      For additional information about the 8MBA TITLE HOLDING COMPANY,
      contact us at 313.366.3388.

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