NFND Newfound

RNS Number:4235S
Newfound N.V.
16 April 2008

                                 NEWFOUND N.V.



              Management Changes and Notice of Preliminary Results


Newfound N.V. ("Newfound" or the "Company") today announces that John Theophilus
is standing down as interim Chief Executive Officer and Jeremy White, Chairman,
is assuming the position with immediate effect until a suitable successor is
found.



John Theophilus joined the Company in June 2007 as interim Chief Financial
Officer and was subsequently appointed interim Chief Executive Officer at the
end of September 2007.  Having fulfilled his interim role, John is leaving the
Company to pursue other interests and the Board would like to thank him for his
significant contributions to the restructuring of the Company and wish him every
success in the future.



The Company is also pleased to announce that Robert Riley has been engaged by
the Company as an adviser focusing on the Nevis development project. Robert has
over 25 years' experience in the hospitality and resort development industry
having previously served as CEO of Mandarin Oriental Hotel Group and Le Meridien
Hotels and Resorts.  He led the turnaround of a number of leisure groups
including the sale of Le Meridien to Starwood, the ResidenSea and the world's
second largest casino, Crown, in Australia.



Following the fund raisings in the last quarter of 2007, the Company has been
actively pursuing its revised business strategy, as set out in the announcement
dated 5 December 2007.



Cash continues to be tightly managed as the Company explores a number of long
term funding options.



Newfound will provide an update on trading at the time of the announcement of
its preliminary results for the financial year ended 31 December 2007, which
will be released on 29th May 2008.



For further information, please contact:


Newfound N.V.                  Jeremy White                    +44 (0) 20 7470 2490

Collins Stewart                Adrian Hadden                   +44 (0) 20 7523 8350



About Newfound:



Newfound is a creator and operator of international luxury resorts and
destinations.  The Company has a high quality portfolio of resort projects at
Humber Valley in Canada and in Nevis and St. Kitts in the Caribbean.



Humber Valley Resort, with 2,200 acres, currently has over 200 privately owned
properties the majority of which are available for rent.  It is an all-season,
luxury resort offering golf, world-class salmon fishing, sailing, skiing and a
luxury spa.



Newfound has an integrated business model based on destination master-planning,
which generates revenues from multiple sources, including freehold land sales,
construction and development, services to owners, the provision of leisure
activities and the operation of concessions.



Newfound is building an industry leading, world-class luxury lifestyle brand
offering exceptional holiday experiences in luxurious homes, situated in
locations of outstanding natural beauty.



www.newfoundresorts.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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