Sebastian River Holdings foreign currency portfolio currently consists of 1,000,000,000 Vietnamese Dong and 135,000,000 Iraqi Dinar. The price of the Dong has been frozen by The State Bank of Vietnam for the past 30 years, and with Iraq having the 3rd largest proven oil reserve and one of the world’s largest natural gas deposits Sebastian River Holdings feel these investments will increase dramatically in the near future.
On March 21, 2007 the Company announced a signed letter to acquire TCI Electronics, Inc. TCI Electronics has been in business for over 10 years, and prides its self on great customer service, and custom installation work. TCI Electronics also offers an online super store at www.tcielectronics.com, where customers can purchase all of their electronics needs. In 2005 TCI Electronics expanded to do custom installations for Circuit City (NYSE: CC), and Bose Corporation.