Secure America Acquisition Corporation is a blank check company for the purposes of acquiring, or acquiring control of, through a merger, capital stock exchange, asset acquisition or other similar business combination, one or more domestic or international operating businesses, which we refer to as our initial business combination. Our efforts in identifying a prospective target business will be limited to the homeland security industry, but not businesses that design, build, or maintain mission-critical facilities. We closed an $80 million IPO on October 23, 2007.

On September 3, we announced that we had signed a definitive agreement for a business combination with Ultimate Escapes Holdings, LLC, which is the fastest growing and second largest luxury destination club worldwide. After reviewing over 50 acquisition opportunities in our search for an attractive business combination candidate, we determined that Ultimate Escapes, although not in our target industry, presented the most attractive opportunity.