Reports in Quarter IV/2015 (October through December)

(December 31th, 2015) Dr. Falk Billion completed the following assignments from October through December 2015:

Opinion and concept for safety requirements of a golf course in North Rhine-Westphalia (on behalf of the construction company of the golf course)

Opinion on current developments in the German golf market and follow-up requirements for the operation of golf courses (on behalf of a golf-owned company in Rhineland-Palatinate)

Estimate of construction and operation costs of a planned new golf course in Baden-Württemberg (on behalf of the landowner of the golf course-Land)

Target concept and outline of agreements for structuring a golf school with a focus on the attraction of new members (on behalf of a golf course operator)