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Please send to all on your E-Mail Lists.
November 22, 2005
From: Dr. Ignatius Piazza
Founder and Director
Front Sight Resorts
www.frontsight.com
A Front Sight Secret
Revealed and the $1,600
Lifetime Membership
Dear Friends and Students of Front Sight,
Before divulging to you some previously held secret information
about Front Sight, allow me to sincerely wish you and your
family a Happy Thanksgiving. As Americans we have so much
to be thankful for. Please remember when enjoying your holiday
meal to give thanks for all the valiant men and women protecting
our freedom throughout the world.
Most of you probably are not aware that my vision for Front
Sight, Las Vegas began in 1998 when I purchased 556 acres
of unimproved, raw land for its appraised value of $185,000.
There was no road, water or power—just a bunch of dry
dirt in the desert.
Dinosaurs in the firearms industry thought I would fail miserably
when I set out with an ambitious goal of developing a $50
million dollar master planned community anchored by a world
class firearms training facility —- with no investors,
lenders, or working capital. My vision was to set the example
for safe and responsible firearms ownership and in doing so,
positively change the image of gun ownership in our lifetimes.
I boldly stated up-front to the small number of students in
those early days that Front Sight had no deep pocket funding
sources but would persevere to develop it all with cash flow
from course offerings and membership sales.
Over the last seven years while well-financed and investment-heavy
.coms crashed, recession-hit corporations downsized and post
9-11 travel-related businesses declared bankruptcy and defaulted
on their pensions, Front Sight has quietly and slowly plugged
along acquiring very valuable water rights and making millions
of dollars in improvements to our land, including a four mile
paved road; massive amounts of grading; power, water, and
underground infrastructure; numerous professional firearms
ranges; world-class rope, rappel, and climbing facilities;
8300 square foot permanent classroom and pro shop; and landscaping.
A recent MAI appraisal of Front Sight’s land, water
rights, and improvements places its market value at over $37
million dollars. This appraisal does not include the additional
value of Front Sight’s firearms training business or
equipment.
Throughout our construction and development, Front Sight
has provided an increasing selection of self defense and firearms
training courses that attract thousands of new students each
year from all over the country as they join thousands of returning
students for a level of training that is not readily available
anywhere else in the world. As a result, Front Sight has grown
from a few instructors training a handful of students to an
organization that has trained over 35,000 students —-
each student receiving personalized attention and leaving
Front Sight as a representative of safe, responsible, and
professional firearms training.
Front Sight has been very successful in providing a variety
of lifetime memberships for every level of interest and budget.
As the number and types of courses offered at Front Sight
have dramatically increased, thus making each membership much
more valuable to all members, and as Front Sight’s financial
position continued to improve, I have listened to the overwhelming
requests of the majority of students and strived to create
ways to reduce the cost of the memberships, thereby making
our training more broadly available to the average person.
When I have found equitable ways to reduce the cost for new
members, I have provided millions of dollars in free or very
low cost upgrades to earlier members. Anytime I have reduced
the cost of a particular type of membership to increase the
number of responsible, law abiding citizens who could now
afford to train with us, I have offered that membership without
a number of other benefits that originally accompanied it
at the higher price, thereby making it fair for all members.
The $1,600
Lifetime Front Sight Challenge Membership offered at the
end of this e-mail is an example of this philosophy. Take
a look at the Challenge Membership after I tell you something
only a few trusted individuals have ever been told…
Only a few people know that I have received numerous solicitations
to sell Front Sight. Collectively over $100 million dollars
in offers have been refused simply because I did not feel
the solicitors held the same vision for Front Sight that I
have shared with you over the years and that they would not
protect our loyal students, staff, and members. In fact, six
weeks ago I flatly rejected a written offer of $25 million
cash for the master planned community portion of Front Sight
when the solicitor revealed that he was not interested in
developing the master planned community or protecting the
members, but simply wanted to land bank the property for future
sale and profit.
I’m sure you will be surprised to know that there was
one offer on Front Sight’s master planned community
land that was placed in escrow four months ago for $25.5 million
dollars, because it DID have a written provision in the sales
contract that would provide all Platinum members with a one-acre
parcel complete with paved road and utilities. Knowing that
the master planned community would be completed by the developer,
I would have used money from the sale to place the finishing
touches on Front Sight’s Firearms Training Resort. Unfortunately,
the contract fell out of escrow when the developer revealed
that he did not have the building contractors lined up to
complete the project in the efficient time frame that we had
previously agreed upon.
And just three weeks ago, with another individual, I finally
had an agreement for the PERFECT DEAL that would have ultimately
completed EVERYTHING at Front Sight to a level far exceeding
our expectations. Through no fault of Front Sight’s,
that agreement was lost on November 7.
I share this information with you so you know that I have
been working diligently and intelligently to create a very
valuable and highly sought-after resort development. I want
you to also rest assured that Front Sight will never waiver
from the original goals we set to create “The Safest
Town in America” and positively change the image of
gun ownership in our lifetimes. And I will never agree to
any deal that does not protect the loyal and supportive students,
staff, and members of Front Sight -— no matter how much
money is thrown at me.
I have kept my eye on the original vision for Front Sight
while keeping my nose to the grindstone and built up significant
equity, value and a national audience. All of this has positioned
us to attract top-flight developers. We are looking for the
RIGHT DEVELOPER — one who has the horsepower, experience,
and funding to complete the project to it’s full splendor
and understands the joint venture opportunity we provide in
allowing them to pre-sell the entire master planned community
to our existing base of students, staff, and members, plus
all the new students visiting Front Sight from the national
exposure of our two, upcoming full-season reality TV shows.
Of course, Front Sight’s journey to this point has
not been without hurdles, obstacles, and attacks. We have
had our share of short-sighted, self-centered individuals
who overtly and covertly seek to impede our progress for their
own twisted satisfactions and personal gain. We have even
had some bizarre accusations from “nut cases”
doing their best to stop us from completing our dream at Front
Sight because our success drives them even more wacky. And
believe-it-or-not, those same dinosaurs that predicted our
demise when I started Front Sight from scratch are still hoping
we fail, just to prove themselves right — even with Front
Sight approaching its tenth year anniversary since offering
courses in Bakersfield, CA in April 1996. Through every obstacle,
challenge, and dogfight we have encountered, Front Sight has
prevailed to become stronger, tougher, and larger. We have
our intelligence, perseverance, and you — our loyal staff,
students, and members to thank for our success.
During this Thanksgiving Weekend, I’d like to say more
than just “thank you” for your support, so I’m
releasing to you as a member of our e-mail list an offer of
a Lifetime Membership that costs the price of single
four day course! Yes it is true. Click
here for the explanation and enrollment form and become
a member of Front Sight today.
Sincerely,
Ignatius Piazza Founder and Director Front Sight Resorts www.frontsight.com (800) 987-7719
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