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Janus International Inc. Set to Develop a $500 Million Beachfront Resort in Cabo San Lucas
 
MARINA DEL REY, Calif - Jan. 13, 1999--Garrett K. Krause, president/CEO of Janus International Inc. (OTC BB:JNUS) confirms that the company has signed a Letter of Intent to acquire 1,400 acres of pristine real estate in Cabo San Lucas B.C.S., Mexico, to build "Rancho La Costa del Cabo," its world-class, beachfront Spa Resort, Golf and Wellness Center.

Additionally, the company is finalizing negotiations with Wimberly Allision Tong Goo, the internationally acclaimed architectural firm responsible for the design and implementation of some of the world's most palatial spa resort and hotel projects in countries like Japan, Mexico, Sri Lanka, Dubai, Spain, Brazil, Australia, Singapore and Hawaii, among many others.

Planned amenities for the resort include two world-class, 18-hole golf courses; a 50,000-square-foot, state-of-the-art "wellness" spa; a 150-room, 5-star hotel; Mega-Yacht marina; more than 900 condominiums and custom homes; and a world-class polo field. Moreover, 15 minutes from the resort is the "Golden Bank" (hailed by Sport Fishing enthusiasts as some of the finest sport fishing in the world), and negotiations are underway for a private airstrip.

Janus is currently finalizing the organization of Janus Development Corporation Inc. (J.D.C.), the company's 4th subsidiary created primarily to accommodate the scope of this undertaking and develop future international real estate projects.

Arthur D. Firmes, A.I.A., a 30-year veteran of the Hotel/Resort Spa Industry has been appointed as J.D.C.'s president. A design engineer and architect, Firmes has personally designed, supervised, consulted to and/or built more than 100 spa resorts in the United States and abroad, including the world-renowned La Costa Resort Hotel Spa in Carlsbad, Calif.

Krause commented: "With the company's recent acquisitions in seafood, Brazilian timber, Oregon's Sunstone (gemstone) mining property and our current plans for world-wide real estate development, Janus is poised to emerge as a totally diversified, international conglomerate with plans to continue the company's expansion through acquisitions that complement our existing subsidiaries and corporate goals." For more on Janus International, Inc. visit the company's Web site at www.janusinternational.com.

Statements in this release are made pursuant to the `Safe Harbor' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the company's services, increased levels of competition for the company and dependence on the performance of the management of the company.

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Contact:
Janus International Inc., 
Marina del Rey
Investor Relations Dept., 
310/823-5008
[email protected]
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Also See: Ten Hotels Designed by WAT&G Earn AAA Five Diamond Award for 1999 / Dec 1998 
Sol Melia Announces Half-Billion-Dollar Five-Year Expansion Plan for Mexico / April 1998 

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