(NYSE: FLA) ("FECI") announced today that Adolfo Henriques ,
Chairman, President and Chief Executive Officer, will speak at the BB+T
Transportation Services Conference.
Interested investors may listen to the BB+T presentation, via live
Internet webcast at http://www.1 million square feet of Class-A office and industrial
space, as well as 119,000 square feet under construction and in lease up
phase, and owns approximately 643 acres of entitled land and approximately
2,540 acres of additional Florida properties.feci. PAL stands for
Project African Luau.

transportation economy

(FECR)., The first African Culture
Center (ACC) ( http://www.

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The ACC features Namibia's
indigenous people creating native crafts, a traditional Namibian feast and a
sunset stage performance that includes live tribal dancing. As Africa prepares
for the 2010 World Soccer Cup, this is the perfect time to build a tourist
project, such as the ACC. as well as representatives from the Namibian government. is a Mountain View, California-based development
company with offices in the Republic of Namibia, Africa.

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Pierce, Ft.

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S. "The ACC is a humanitarian effort that gives the Namibian people a
place to tell their story and provides the traditional villager with the
opportunity to earn a respectable salary in a safe environment," said Crumlin.

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, Florida East Coast
Industries, Inc. For more information,
visit the Company's Web site at http://www. Crumlin added, "Timing is crucial!
Currently, one U."
When tourists arrive at the ACC they will have the opportunity to walk
through the African village and interact with natives demonstrating some of
the traditions of their tribe. During dinner, guests are
entertained with a live stage performance featuring song and dance from
representatives of some of the countries 11 different tribes.

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com/webcast/bbt8/fla/ ., headquartered in St.C., a minority-owned development
company based in California.

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African Culture Center to Break Ground in Namibia Africa in 2006

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Florida East Coast Industries to Present at BB +T Transportation Services Conference

The ACC was created by The PAL Project, Inc.

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wsw. The highlight of the evening is a sunset dinner
filled with the traditional foods of Africa. The company takes the concept behind the traditional
Hawaiian Luau and redefines it with the traditions of the tribes of Africa.

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Mr. Henriques will present on Wednesday,
February 15, 2006, at the Conrad Hotel , Miami, FL, at approximately 1:50 pm
(ET).

About The PAL Project, Inc.

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Florida East Coast Industries, Inc.

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A copy of the
presentation will be available in the Investor section of the FECI website. Augustine, FL,
conducts operations through two wholly owned subsidiaries, Flagler Development
Company (Flagler) and Florida East Coast Railway, L. Dollar is worth 6.

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ST. According to
Crumlin, "It's like having an African tribesman invite you home for dinner.C.

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L.africanculturecenter .html ), an
entertainment village for tourists visiting Africa, is scheduled to break
ground in the Republic of Namibia in 2006. "Our top priority right now is to raise
investment capital.

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MOUNTAIN VIEW, Calif.com/project.39 Namibian Dollars.
The PAL Project Inc.

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Flagler owns,
leases and manages 8.com .

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FECR is a regional freight
railroad that operates 351 miles of main line track from Jacksonville to Miami
and provides intermodal drayage services at terminals located in Atlanta,
Jacksonville , Ft.

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AUGUSTINE, Fla. Lauderdale and Miami. This means that
investment money from the U.S.

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The ACC staff had a successful year raising investment
dollars in 2005 and we are looking forward to an even better year in 2006,"
said company president Karen Crumlin. goes a long way in Namibia."
The ACC has been endorsed by the Embassy of the Republic of Namibia in
Washington , D.
Representatives from the various tribes, including the King of Ondonga, are
excited about the opportunity for economic growth in the rural areas of
Namibia.
Future plans include an African Culture Center in Ethiopia.

namibia culture

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