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| | Bethel Native Corporation |
 | | BNC is continuing to work with the United States Bureau of Land Management and the Fish and Wildlife Agency to correct this land deficiency. |
 | | In regards to real estate, the BNC Anchorage commercial real estate portfolio, which consists of the Bivin Plaza, a Class A property, as well as the 5430 Fairbanks Street property, which is a combination warehouse/office, are all contributing to the overall profitability of BNC by providing positive operating income and cash flow. |
 | | BNC invested in a stock and bond investment portfolio in 1994 with an initial investment of $600,000 which now has a market value of $843,000 as of December 31, 2004.The portfolio continues to grow in value, thereby providing a positive financial return to BNC as well as becoming an important source for long-term Shareholders’ dividends. |
| www.bnc-alaska.com /president.html (801 words) |
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