Asia PR News

MIAMI, July 27 /PRNewswire-AsiaNet/ –

The World, the only existing residential community at sea is now sold-out,
James St. John III, President of ResidenSea, Ltd, the management company behind
the vessel, announced today.

According to St. John, the final few residences aboard the 165-home vessel
were recently purchased, completing the sale of the inventory. The world’s
largest private yacht is now owned by its Residents, free and clear of any
debt.

"We are delighted to announce this major milestone for the ship and our
Residents," says St. John. "We created this lifestyle concept and have always
believed in its success. Now, we have attained a goal which many critics
thought was impossible. This is the ultimate confirmation of our credibility."

It is also significant news for the vacation home industry. "While we
remain the first and only private residential community at sea, we know others
may try to emulate The World. It is an exciting time for this unique vacation
home lifestyle and we are proud to have been its architect."

While original inventory sales are complete, there will still be two ways
to experience life aboard The World. First, currently owned homes may become
available for re-sale. The current rental program, operated by the management
company ResidenSea, will also continue to offer Guests an opportunity to rent
private residences for minimum six-night stays (rates range from $1,200 to
$5,000 per residence, per night, including most meals, beverages, port
charges, gratuities and taxes).

The World will spend two months in Australia and New Zealand this year,
beginning in September. It is the first time the vessel has visited since
2003. She will make calls on Brisbane, Melbourne and Sydney, as well as
Tasmania before making her way to New Zealand for the month of October to
visit ports including Akaroa, Napier and Auckland.

For more information about The World’s residential re-sale purchase
options, please call ResidenSea at +1-305-264-9090; for inquiries regarding
rental stays onboard, call 1-800-970-6601 in the U.S. or Canada or +1-305-779-
3399 outside the U.S.; or visit www.aboardtheworld.com. Headquartered in
Miami, FL, ResidenSea Ltd. is the independent management company responsible
for sales, marketing, operations and administration of The World.

SOURCE: ResidenSea Ltd.

CONTACT: Karen Krugel
+1-212-891-0215
karenk@lhammond.com

or Gauri Kitchlu
+1-212-891-0207
gaurik@lhammond.com

both of Lou Hammond & Associates

Web site: http://www.aboardtheworld.com