pbm110602

Mr. Billy Buzzette, VP-Strategic Development, St. Joe Company, advised that it was his understanding that St Joe has not made a final decision on the purchase of the property as there are several due diligence issues still outstanding. He thinks that St. Joe will make a decision by the end of November.



	6 Nov 2002 Pelican Bay Yacht Club and Marina Mr. Billy Buzzette, VP-Strategic Development, St. Joe Company, advised that it was his understanding that St Joe has not made a final decision on the purchase of the property as there are several due diligence issues still outstanding. He thinks that St. Joe will make a decision by the end of November.