Formerly Citation Homes, Inc., Filinvest Land, Inc. (FLI) was incorporated on November 24, 1989 to engage in real estate development. The company later changed its name to the present one on July 12, 1993, and started commercial operations a month later after Filinvest Development Corporation, the parent company, spun off its real estate operations and transferred all related assets and liabilities to FLI in exchange for shares of stock of FLI. The company provides a wide range of real estate products to customers, namely, socialized, affordable, middle-income and high-end residential lots and housing units, medium-rise residential buildings, condotels, industrial parks, leisure development such as farm estates, a residential resort development and a private membership club. FLI's wholly owned subsidiaries consist of Property Maximizer Professional Corporation, Property Specialists Resources, Inc., HomePro Realty Marketing, Inc. and Leisurepro, Inc. FLI is also involved in a number of joint ventures through Filinvest Asia Corporation, Cyberzone Properties, Inc. and Filinvest AII Philippines, Inc. Source: SEC Form 17-A (2008)