1. Stanford News
Tuesday, February 26, 2008
FOR IMMEDIATE RELEASE
For more information contact: Lori Guyton at lguyton@stanfordeagle.com or phone: 1-901-277-6066
Stanford Financial Group Breaks Ground on Caribbean Expansion
Plans unveiled for sophisticated, environmentally friendly
global management office complex in St. Croix
ST. CROIX, U.S. VIRGIN ISLANDS – (February 21, 2008) – Today, United States Virgin Islands
Governor John P. deJongh, Jr., Lt. Governor Gregory R. Francis, President of the 27th Legislature
of the Virgin Islands Usie R. Richards, and Executive Director of the Virgin Islands Port Authority
Darlan Brin joined Sir Allen Stanford, Chairman and CEO of the Stanford Financial Group of
companies, to break ground on construction of the Stanford Financial Group global management
complex.
The Stanford Financial Group global
management complex will be located on a 37-
acre site at the southwest corner of the Henry
E. Rohlsen International Airport and will house
the Stanford companies’ worldwide
management functions.
The business campus will feature 105,000-
square feet of office space with an expansive
atrium, skylight and water feature. The main
building will incorporate St. Croix's distinctive
Danish West Indian style, architecture and
elements. It will also include a conference
facility that will accommodate more than 200
people. Also included in the complex is a
45,000-square-foot aviation hangar and office, a food pavilion and a lounge area for staff and
guests.
The office building will be among the first in the Caribbean to be certified according to standards
set forth by LEED (quot;Leadership in Energy and Environmental Design Green Building Rating
System™quot;). LEED certification is the benchmark for design, construction and operation of efficient
quot;greenquot; buildings. Local vendors, contractors and consultants will be used for the construction of
the complex which will result in the creation of over 500 construction employment opportunities on
St. Croix. A substantial number of permanent jobs will become available upon completion of the
complex.
quot;Today is an exciting day for the Stanford Financial Group of companies,quot; said Sir Allen Stanford.
quot;Not only are we breaking ground on a facility that will house the top-tier team that makes up
Stanford Financial Group Global Management, but we are expanding our footprint in the Caribbean
with a permanent business home in St. Croix. We are committed to an environmentally friendly
development and will do our part to be quot;green,quot; and nowhere is that more important than in the
Caribbean where the environment is so beautiful and must be preserved and protected at
whatever cost.quot;
Stanford News 1 of 2 Pages
2. Stanford News Tuesday, February 26, 2008 2 of 2 Pages
Governor John P. deJongh expressed similar sentiments regarding the impact Stanford's expansion
will bring to St. Croix stating, quot;I see the relationship between Stanford Financial and the U.S.
Virgin Islands as positioning the Territory to become a beacon of business opportunity and
employment possibilities. I am pleased to be a part of a tremendous day for St. Croix and for
Stanford Financial.quot;
The new, state-of-the-art facility will serve as the base for the corporate support functions of
Stanford's global network of financial services companies, including the Chairman’s office and the
business technology, compliance, finance, human resources, investment strategy and legal
departments. Stanford will also establish in St. Croix the management offices for the Stanford
20/20 Cricket Tournament and Stanford Caribbean Investments.
The projected completion date of the Stanford global management complex is July 2009.
About Stanford Financial Group
Stanford Financial Group is a privately held global network of independent, affiliated financial
services companies led by Chairman and CEO Sir Allen Stanford. The first Stanford company was
founded by his grandfather, Lodis B. Stanford in 1932. Stanford’s core businesses are private
wealth management and investment banking for institutions and emerging growth companies.
The Stanford Financial Group of companies provides private and institutional investors with global
expertise in asset allocation strategies, investment advisory services, award-winning policy and
equity research, international private banking and trust administration, commercial banking,
investment banking, merchant banking, institutional sales and trading, real estate investment and
insurance. Stanford has over $43 billion in assets under management or advisement. Stanford
Financial has made it a priority to invest in the communities in which it operates across the globe
through signature corporate philanthropy initiatives with nonprofit organizations such as St. Jude
Children’s Research Hospital and countless local and national charities that strengthen
communities.
Securities products and services are offered in the United States through Stanford Group
Company, member FINRA/SIPC. Stanford Financial Group is not a legal entity, but a registered
trademark which encompasses the global network of independent, but affiliated, privately held and
wholly owned entities. More information on the company can be found at
www.stanfordfinancial.com
Stanford Financial Group
5050 Westheimer, Houston, Texas 77056
Phone:713-964-8300
Securities products and services offered in the United States by Stanford Group Company, Member FINRA/SIPC.