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Calaméo - SAS Alumni E-Magazine

Simply Beautiful Greeting Cards - 50 Quick and Easy Projects, Heidi Boyd .. X Where Two Seas Met .. and Other Stories (), Honore De Balzac, Clara Bell, George Saintsbury X Baseball and Billions - The Big Business of. Western Mindanao Police wins 'Battle of the Band' in South · Western Mindanao Political Candidates for the May Elections · Western Mindanao Power. Na candidates for gma election . Theo maassen met with respect for the volledige showcase baseball player jumping over catcher clara secret story 7 fille de jonathan the highlands camp iba zambales beaches.

I encourage everyone to be a part of this e-magazine project. Regards and may God be with us all. Seeds of Hope -SAS pupils give back to mother nature. Edgar Yap 72 2. Amelia Baluyot 72 3. Nocilito Sepulvida 82 4. Ralph villanueva GS 69 5. Leo Montefalcon 73 6. Letty Aledo 76 7. Grace Maniquis Tan 79 8. Armando Robles 86 9. Robert Alvin Yap 97 Jesus Villamin 82 Cecile Leyco 84 Amado Paneda 98 Pearl Marie Zaragoza 86 George Manzano 83 Yap HS 72 Vice-President: Lyndon Rosete HS 80 Secretary: I heartily congratulate the to Classes on the occasion of your Jubilee.

I feel very happy to have been a part of your lives, for the many memories of the successful activities and the very close cooperation among the members of your class. I am sure you continue to cherish the Paulinian spirit of charity in your hearts. I pray that you will all always be successful in your endeavours as you remain close to the Lord and our Mother Mary.

As we look back, we have many things to thank God. We recall with gratitude many Church and lay people, who worked in concerted effort to establish this institution of Catholic learning. Paul of Chartres assigned in this school for their zeal and selfless toils in serving those entrusted to their care in varied capacities as directors, administrators and teachers of faith. However, time came when our Columban Missionary Fathers have to turn over the ministry to our diocesan Fathers in order to respond to the urgency of missionary expansions in other countries of the world.

At present, there is an urgent and felt need to work together among Administrators, Faculty and Staff, parents and students in all levels, in order to face the challenges of the times in this Year of Faith as proclaimed by no other than our Holy Father, Benedict XVI.

As an educator and someone involved in the formation of the young, everyone is asked to be responsible and wise steward.

Everybody should be generous to share his talents and resources, if this institution has to continue its noble purpose: We have varieties of educational system, yet we all move towards the same direction. We serve one Lord and one people of God as it was envisioned by those who were blessed to establish St. We look forward to a brighter future as we live our vision and mission, our Commitment to Catholic Education. May the Lord bless, guide and keep us in His love. May we walk in His ways always knowing what is right and good until we reach our heavenly home.

And may we always keep in mind that St. Congratulations to all Augustineers! God bless us all, now and forever! Very sincerely yours, SR. Mary Agnes To my dear St. Augustine s Golden Jubilarian celebrants, Days and years have passed so fast that we could hardly believe that your golden anniversary has dawned at last. You are most welcome to St. Augustine once again with open hearts.

This is your school and it will be yours for time. We haven t forgotten you. You are all in our hearts now and for always. What you are and what you will be again is what you have made of yourselves when you were once upon a time a growing future professional not only for St. Augustine but for the world. Your stay in St. Augustine was not in vain. We are proud of you and will always be. Thank you very much for all those days and years we have been together not only as our students but our friends who worked and learned together to build not only ourselves but to build a better society, a better Christian and children of God.

You have not imparted in us the knowledge we needed in life in vain. Thank you once again. Here we present ourselves, to you our teachers, as the fruit of the labor you have sacrificed for us. As they are ours forever, we salute you all with a gentle wave of our hearts.

We shall keep them for life, they will be our guide and strength as we, too, will start our life as the future calls us to build our own.

Then and only then can we realize that those were golden days because they were beautiful days for us and for you. May God be gracious to you now and in the future! His father, Patricius, was a pagan, and his mother, Monica, was Christian. At the age of 11, he was sent to school at Madaurus, a small Numidian city about 19 miles south of Thagaste, where he became familiar with Latin literature, as well as pagan beliefs and practices. As a youth, Augustine lived a hedonistic a school of thought that believes in pleasure being the only intrinsic good or the highest form of goodness lifestyle for a time.

Being so, he lived a life in the company of young men who took pride in their sexual exploits with women, while urging other inexperienced boys to follow a similar lifestyle to serve the end of acceptance, as well as, to avoid ridicule by peers. At a young age, he began an affair with a young woman in Carthage, where he was pursuing an education in rhetorics. She was his lover for over thirteen years and gave birth to his son Adeodatus, who was said to have been extremely intelligent.

In the yearAugustine moved to Milan to take-up on a job as professor in Rhetorics. At the age of thirty, he had won the most visible academic position in the Latin world. While still in Carthage, his interests in the Manichean religion started to fade away, and in Rome, he has completely dissociated and turned-away from the same. In Milan, his mother pressured him to become a Christian. It was, however, the Bishop of Milan, Ambrose later to become St.

Ambrosewho had the most influence over Augustine. Ambrose was a master of rhetoric like Augustine himself, but older and more experienced.

Monica followed Augustine to Milan, where the latter was persuaded by her to agree to a societal marriage, and to which supplications of the former, Augustine readily agreed to let her arrange one. As a consequence of such compromise, Augustine abandoned his concubine, whom he truly loved and with whom he had stayed with for so long.

The separation and termination of such love relationship left Augustine deeply hurt and had a consequential effect of eventually producing a decreased sensitivity to pain. In the summer ofAugustine was led to convert to Christianity, abandon his career in rhetoric, quit his teaching position in Milan, give up any ideas of marriage, and devote himself entirely to serving God and to the practices of priesthood, which included celibacy.

He opened a copy of the bible nearby and read a passage of St. Put on the Lord Jesus Christ, and make no provisions for the desires of the flesh Romans This marked his final conversion to Jesus Christ. He was baptized by St. Ambrose on the Paschal Vigil inat the age of 32, and thereafter resolved to consecrate his life to the Lord. He organized the clergy in a common life, and wrote a famous rule for religious women.

To the people he said: Paul de Chartres, which is of French origin, in the Philippines. During the latter half ofFr. Denis Egan of the Society of St. It was decided to initially commence from the levels of Kindergarten, Grades 1, 2 and 3, with an additional grade level being incorporated for each succeeding school year until the completion of both Elementary and High School. There being two existing public high schools and several public elementary schools in Iba, it was felt that the only hope of success was to give quality education, and Bishop Byrne brought all the pressure he could on the Mother Superior of the Sisters of St.

First Grade School Commencement Exercises. First High School Commencement Exercises. Victoria Cadena became the second High School Principal. Milagros Amos became the fourth H.

Marcelle Navarro became the fourth H. Paul McGee became the fourth Director. Ignatius Tal Placido became the fifth H. Carmela Paglomotan became the fourth Grade. Visitacion Rosario became the fifth Grade School Principal.

Lolita Francisco became the kindergarten-in-charge. Adeline Calderon became the sixth Grade School Principal. Arrival of Archbishop Paciano Aniceto; Fr. Richard Cannon became the sixth Director; Sr. Macrina Gresos became the kinder-in-charge. The adjacent lot now occupied by the High School Building was bought through the efforts and persuasion of Mr. Atilano Ortega and Atty.

Mario Leyco from the family of Pedro Garcia. The PAC headed by Mrs. The great bulk of the construction expenses, however, was financed by donations from abroad acquired by Fr.

Richard Cannon and Fr. Fe Cayabyab helped finish the floor and ceiling of the third floor. Paz Arellano and Mrs. Through the efforts of Sr. The stage was renovated and the new volleyball court was constructed March The improvement of the school fence was done. The Grand Alumni Homecoming was held. Simplicio Esteban was installed as the eighth School Director. Most Reverend Deogracias S. Director; A new generator and power house servicing both Grade School and High School Departments was installed; More computer units and printers were acquired.

Construction of the S. The roofing of the High School building was completed. Lezada became the tenth School Director; Sr. Moderator; Bishop Deogracias S. Construction of the Multi-Purpose Gym by Engr. Eduardo Aguilar of Daraga, Bicol. Grade School comfort room was improved. Cenzon became the eleventh School director. Ian Maniago became the twelfth School Director; Rev. Dennis Astor became the Spiritual Director; Sr. Construction of the 1st phase of the Grade School Building by Engr.

Eduardo Aguilar of Daraga, Albay. Dennis Astor became thirteenth School Director; Rev. Arnel Serafica became the Spiritual Director; Sr. Construction of the second phase of the Grade School Building by.

Eduardo Aguilar of Daraga Albay. Felix Labios became the Spiritual Director; Sr. Danny Lopez became the fourteenth Director; Sr. Maria Nora Loreno, SPC became the Finance Officer; Completion of the third phase of the grade school building, including the ramp and grade school comfort rooms; Installation of the sound system.

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Re-wiring of electrical connections in the H. California The Augusteener December 11www. Montefalcon Class of Grade School Almost noon sometime in late at the cathedral grounds, my sisters, Armin and Rosemarlene Beybi were preparing our packed lunch when suddenly the food spilled, scattered and got soiled. Kaya siguro ako nag-sakristan, mababait talaga sila! Many stories have been said and written about the premier year of St. As the school building was still being constructed, we, the pioneer 4, initially held classes at the Knights of Columbus Hall.

SEC Form 17-A - 7

We had these as uniforms up to Grade 6. We had classes from morning until mid-afternoon from Mondays to Fridays. Right before the Mass, we marched down the aisle in pairs, occupying the right front pews near the pulpit. Bishop Henry Byrne and Father Connelly even asked us questions in their homilies every time they do the celebration.

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Aside from classroom studies, we had the usual school activities like recitals, declamations, field demonstrations, stage plays, sports activities, excursions not very often plus performing our church obligations as altar boys and choir members. Compared to when we were younger, we played with marbles, rubber bands, texts with superhero cardscashew, and sumpit when we were younger. Other extra-school activities then were swimming with classmates at beaches in Iba and at the Bucao River, and attending fiestas at nearby barrios and towns.

Looking back, despite a rather carefree life during those years, we still did well in the academics, and recognitions were received at every school year end — the best memories I had at SAS, for these were our gifts for our parents. Celebrating our golden year,we had a reunion in Iba in April last year at the very place where many of us first met 50 years ago, at the building once occupied by the Knights of Columbus Hall.

What could be more fitting than that! The growingup pains, adventurism and frustrations of adolescence bring unique experiences that inspire and sometimes disappoint.

But when one is able to overcome these seemingly endless frustrations with the right values learned and Christian virtues lived, a strong character is formed. This, in my view, was exactly how we were taught and Nothing much changed from elementary graduation to my first months of high school.

I was the same tiny girl in braided hair who used to jump over the fence behind the school to avoid the few meters of walk around the block from our house in Sagapan. I had the same set of classmates. This time we were no longer treated like children but as young adults.

Sister Mary Gertrude was the first high school principal and concurrently the Sister Superior. I remember her as the soft-spoken nun who had incredible patience with restless teenagers.

Sister Mary Agnes Pauig, the disciplinarian but loving principal with a powerful and beautiful singing voice succeeded Sister Gertrude.

She saw us through high school and understandably she was the teacher who influenced us the most. Her close guarding especially over the young ladies paid off and she made sure everyone kept up with the rules of the school. Except for a few remarkable inci dents, my memories of high school are not that vivid. But that is not at all surprising because those years happened 46 years ago.

Academics and school-related extra-curricular activities exclusively occupied my high school years and not much of gallivanting. Helen Theater, the only cinema and entertainment center operating in Iba during those days was the only place where we could unwind and deviate from the routinely home-school-church-home schedule.

No truancy at all, not because we were little saints but because we were happy and contented with what were available in our little world. Early this year, I visited her at the St. Paul Vigil House in Tanay. Although already advanced in age, she is still the charming Sister Agnes that I used to know. It was really touching that she Being pre Vatican II babies, we were trained to sing the Gregorian chants, the psalms, the church songs and to say the liturgical responses in Latin.

It seemed easy and natural for us because our parents and grandparents prayed in the same manner. In whispers, we were curious about how the nuns live but we never uncovered much of the mystery; and to this day I still wonder if the nuns then used mirrors when combing their hair. I also remember my first taste of teaching when I was assigned as a catechist at the Palanginan Elementary School, a prelude to my future career.

Highlights of our junior and senior years were the declamation contests, the stage plays and the glee club performances. All of these required a lot of patience and endurance for long hours of coaching and practice, just so we can deliver our parts well or learn and master new songs. SAS then, was well known in the entire province of Zambales for students who excel in these areas.

And those in the honor roll easily qualified entrance to prestigious schools for college. Some were career-driven while some preferred to live simple and peaceful lives but nonetheless happy and fulfilled. My high school years are memorable because of the friendships I have developed with classmates and school mates. Every time we get together, we are reminded of how we were in high school. We always enjoy recalling those days of childhood innocence. They are precious, unforgettable, and irreplaceable memories.

We may not have laptops, iPads and iPhones then, but we communicated well. We listened and took to heart the advices of our teachers. We learned to take our responsibilities seriously. This brief narrative will be incomplete without mentioning a few experiences we had in both elementary and high school. In grade school, all pupils were directed to speak the English language while inside the campus.

No one was exempt; the rule applied to everyone from kindergarten to the higher grades. There were patrollers who monitored the violators and those caught were made to face every class to admit they broke the rule.

It was more fun than punishment for us. English was not only to be spoken but also to be written in the correct grammar. I would like to end this short trip down memory lane with greetings of goodwill to all members of SAS Class What we have become, we owe significantly from our alma mater and teachers, who in partnership with our parents taught us how to live meaningful lives, not only for ourselves but also for others.

Everytimewegettogether,weare reminded of how we were in high school. We enjoy recalling those days of childhood innocence. We may not have laptops, ipads and iphones then, but we communicated well. Thus he decided to put up the very first Catholic learning institution in the capital town. It was in that our Alma Mater, the St. Columban led by Bishop Henry Byrne. This parochial school was delegated to the St. And this was the reason how it came about that SAS is a St.

These Sisters tried their best to give the first pupils quality education that pleased Bishop Byrne and the Columban priests. The students were trained to speak English within the school campus. The commuting pupils, who were only grade 2 and 3, prayed the rosary in the jeeps on their way to and from school. Every morning the sisters brought the children to church for a visit to the Blessed Sacrament while Bishop Byrne used to be in the cathedral going up and down the middle aisle praying the rosary.

The pupils who were formed in lines getting out would be greeted one by one by Bishop Byrne standing at the door way who surprisingly knew everyone by name. She taught kindergarten, Sr. They were the first SPC sisters who were dressed like flying nuns during that time.

They had only one section for each grade level. And that time, teachers who were nuns were able to teach their pupils one on one because of their small number. They only transferred after construction of the original school building made of wood was finished.

Paul Congregation in the Philippines, Sr. Madeleine Denaga who assigned four of her nuns to start managing the St. According to the pioneer graduates, their very first school was the Knights of Columbus building beside the St. Augustine Cathedral where the Diocesan Pastoral Center now stands. The first pupils impressed their teachers very well because they showed intelligence and innate talents.

This was observed by Sr. Mildred who was herself a gold medalist in dramatics during her high school years at the St. Paul College of Quezon City.

Mary Mildred was also a musician. She developed the singing talents of the pupils to the surprise and admiration of the Columban fathers. Mildred was transferred, Sr. She was a classmate of Sr. Both plays were staged for high school students. Cristina Pastores in the lead role. On the other hand, Edgar Yap and Manuel Farrales did well in declamation. The school canteen was just a small table with a few bottles of soft drinks, a box of candies, a two or three boxes of biscuits or sandwiches with margarine, just for some pupils who did not bring their packed snacks for recess prepared by their parents.

Clemencia was in charge of the little canteen and then came Sr. Lydia who took over her. The land was believed to be a former cemetery a long time ago, the reason why the soil was not suited for a vegetable garden because it was full of cement and stones.

So instead, the boys planted papayas since it needed small space only for the seedlings with two yards apart and just two papayas for each boy. Now the mustard seed that has been planted by the SPC nuns especially the pioneer ones, Sr. Mariette together with the late Bishop Byrne, Rev. Malcolm McKeating and Fr. Thomas Faye has now become a very big tree, sturdy and still going stronger at 50 years of existence. Thomas Faye has now become a very big tree, sturdyandstillgoingstrongerat 50 years of existence.

The school had programs from time to time, so the students had to bring the chairs down from the classrooms for the audience. Gardening was a subject in the curriculum for the boys. It was a problem, though, because the school grounds have no enough space for planting. The Augusteener December 15www. They grew up in the same neighborhood, walked the same streets, and attended the same school.

They were partners in one of the most memorable plays at St. Ironically, they hardly interacted with each other. Junnie and Juvy were schoolmates who can be considered as one of the most unexpected couples from St. Their families were close, their friends were common but both of them were simply shy and engrossed in their own respective worlds. Juvy, left for the United States after graduation from SAS high school with flying colors as class valedictorian.

It took 8 years before they met again, as if by fate, when Juvy went back to the Philippines to pursue Medicine at UST. Junnie was home for a break before his Medical Board Exams. Unfortunately, Junnie had a steady girlfriend at that time while Juvy had just broken up with her boyfriend before going back to the Philippines and was not ready for any new relationship.

Augustine s School in the s. Seeing Juvy again after so many years left Junnie love struck and sleepless. Juvy felt the same way. To have a reason to see Juvy, Junnie offered to bring her more reference books to help her in school. It was a chance Juvy could not pass in order to get to know Junnie better. In the days that followed, they exchanged cards and letters. Junnie patiently waited and picked Juvy up after school at every chance he got. He tried to visit her daily, helped her with research reports and homework even if it entailed him to stay until midnight.

The Augusteener December 17www. The couple grew closer all the more as weeks and months passed by. There were endless phone calls and more exchanges of cards and letters. During vacation breaks, they usually go back and forth to Iba to have picnics as they watched the sun go down at the Sand Valley Beach Resort. They also visited SAS and the Cathedral, took pictures, walked along the narrow streets of Iba, and enjoyed crates of the famous Zambales mangoes. Everyone in Iba did not expect to even see them together.

They had fun and were simply inseparable. Juvy realized how shy but sweet, humorous, and loving Junnie was. She realized he was not snobbish after all. It was difficult not to fall in love with him considering he was her high school crush, a secret she was able to keep all throughout the years after their stints at SAS. W Junnie s parents were pleased to find out he was courting Juvy.

His mother especially favored Juvy and wrote her letters from time to time. It was not the case with Juvy s parents at first. Junnie was persistent though and tried to "court" them particularly Juvy s strict father. It was Junnie s sincerity and love of music and history especially his World War II stories that helped him win the approval of Juvy s father. With that, Juvy finally accepted Junnie as her new found love. There was no turning back from then on. Their romance blossomed and the rest was history.

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Junnie and Juvy left for the U. They got married the same year in Rancho Palos Verdes, California and they now reside in Hercules, California with their year-old daughter, Meg.

As a start, they too, have had their shares of ups and downs just like any other couple. Though, opposite in many ways the two have always managed to compromise at the end of each passing day. As years go by, their love for each other has gone stronger than ever as it has passed the test of time.

When their allowances ran out, they stayed at Juvy s place to enjoy each other s jokes with something as simple as Chippy and Coke. This wonderful couple shall be celebrating their 19th wedding anniversary next year with a fervent desire to visit St. This story is a proof that these two people are really meant for each other which we can call destiny.

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  • SAS Alumni E-Magazine

In cooperation with TREES Philippines, a nongovernment organization NGOthe SAS Alumni Association has joined hands with SAS administration and the combined junior and senior students who did not mind getting drenched and muddied, as they scaled the steep slopes going to the planting sites to plant a total of assorted seedlings of acacia, casuarinas, and other tree species.

This tree planting project was an initiative of the school as it partnered with the said NGO, to bring back the green forests of the province that has been greatly denuded ever since the eruption of Mt. Norma Que, this community service was great success as it saw every participant carry six to ten seedlings amidst heavy downpour trekking mountain trails to plant them. TREES Philippines has been partnering with various organizations to restore the forest covers in Zamables especially on denuded lands.

This reforestation activity covered only about two hectares while there are many more lands that need to be reforested. Although tree planting seemed to look like an easy task, it actually involves laborious preparations like brushing, holing and staking that incur expenses. Villanueva was born on October 14, to Juan B. He grew up in Botolan, Zambales and took up his elementary and high school education at the St.

As a young boy, he dreamed of becoming a military pilot. Inafter spending a year at the Mapua Intstitute of Technology as an engineering student, he entered the Philippine Military Academy as a cadet. Francis graduated in and was commissioned as a 2nd Lieutenant in the Philippine Air Force.

Shortly thereafter, he entered the Philippine Air Force Flying School in Lipa City as an aviation cadet and finished his flight training in Biography of Francisco A.

Uknown After earning his wings, he served with the th Helicopter Wing of the Philippine Air force which brought him to different parts of the country performing close air support, air transport, air evacuation and search and rescue missions for the Armed Forces of the Philippines AFP ground troops.

He received several commendations for his heroic actions and meritorious services as a military pilot including one when he was wounded while performing an air evacuation of military casualties in Samar in November The Augusteener December 21www.

Ian Maniago Class of What makes my high school life in St. A lot of reasons, I should say, because I was a minor seminarian then and at the same time a regular high school student. Now here is my story why our alma mater will always be in my heart.

In behalf of the Priests and Lay Alumni of St. Augustine School SAS for being a great part of our religious formation. Ours is a unique experience and situation during our formation years. The SAS minor seminary was the only one of its kind in our country allowing its seminarians to attend their academic classes outside its premises.

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While we attended our Latin, music and theology classes inside the seminary under the tutelage of priests who were then managing SAMS. Inside SAMS, we developed a different kind of friendship and camaraderie among fellow seminarians. We sung together, we prayed together, we praised God together and we even cried and laughed together because we lived in one house.

Our bond of friendship transcended into a higher level of brotherhood. And for four years, we have developed that kind of relationship. Friendships developed not only among us seminarians but also among students at SAS. We became one family then, and as it was, our life was not always smooth sailing. There arose also some disagreements among our seminary rector and the school principal regarding conflicts involving seminarians and students over petty issues like rivalry on crushes Magkaribalrivalry in class standing Pagalinganand rivalry in sports competition Gulangan sa basketball that at times resulted to brawls and misunderstandings.

But at the end of each day, more lessons have been learned and more bonds of friendship have been formed and strengthened. Even up to now, I still recall the happy memories of spending the night together with our crushes during our Junior and Seniors Prom. Aside from this, my memories on scouts camping, school intramurals and field demonstrations, field trips, and provincial meets are still very vivid up to now.

I also remember how our mentors exerted much of their efforts to review all of us, senior students to be ready for the annual National College Entrance Examination. And who will forget our excitement as we waited for our graduation day. Each passing day that we practiced our formation to the tune of the graduation march song was a real joy and gladness for all of us.

And finally, as I remember our graduation ball, many heart-warming memories are relived. But most of all, SAS has formed our morals at the same time it also strengthened our faith all the more. Some of us became priests while others followed a different path. Now as we come closer to go back once again to our alma mater and meet our school mates again, we feel overwhelmed and indebted forever to St. I know I can never bring those days again but for sure the memories instilled in my hearts and minds shall always linger forever.

Una, maliban sa talbos ng kamote, bagok lang ang kaya naming bilhin. Iisipin ko pa lang, mas nahihilo ako sa gagastusing pamasahe kesa sa pagsakay sa Victory bus. Malayo ang Panan sa Iba sabi ko sa lola mama kong nagalaga sa akin kaya mas pipiliin ko na lang magaral sa barangay high school. Hayaan mo na lang, igagapang ka ng maliit nating tindahan.

Ganyan ba ang turo nila? The aggregate market value of , share of common stock is Php 11,, In effect, PSC concentrated on managing its stores and effectively took the role of a pure retailer. Their management as a single entity enhanced operational efficiency and strengthened ability to raise capital for growth.

The shares were offered at the price of P4. The acquisition is meant to forge a strategic alliance which aims to provide PSC with technical support from PCSC in strengthening its organizational structure and operating systems. This shall enable PSC to pursue store expansion plans on sound and profitable basis. A new affiliate, Store Sites Holdings Inc. PFI in October 2, to support its corporate social responsibility programs.

There is no existing labor union in the company and collective bargaining agreement. There has been no strike or threat to strike from the employees for the past three years. At year end, PSC is operating stores, of which are franchise stores under FC1, franchise stores under FC2, and the remaining are company-owned stores. The store franchise contracts have a minimum term of 5 years each, renewable for a similar term.

The stores under franchise are indicated in the store list provided in the discussion of Leases herein. There are a number of other generic or hybrid stores or grocery stores including gas marts, but their store count or sales volume as a group by itself is not significant to be considered.

Another non-exclusive tie-up was concluded in May with Total Philippines Corporation to establish 7-Eleven Stores in identified Total gasoline stations.

The Company continues to sustain its leadership by putting stores in strategic locations, carrying product assortment fit for such market. The Corporation estimates its market share in branded C-store businesses as of December 31,in terms of number of C-store outlets in Metro Manila and adjacent provinces, as follows: The successful franchise program is another mover to achieve the expansion plans and to dominate the cstore market. A total of 19 stores were operational in Cebu as of end of the year.

This shall be the base for the expansion in Visayas. The average number of customers that transact in the stores is about per day per store with an average purchase transaction of about P The stores carry a wide range of beverages, food service items, fresh foods, hot foods, frozen foods, confectioneries, cookies and chips, personal care products, groceries and other daily needs and services for modern convenience which neighborhood residents, commuters, students and other urban shoppers would look for in a convenience store.

Also offered in the store are proprietary product lines under the 7-Eleven trademark such as but not limited thereto: Super Big Bite Sandwiches, hotdogs and buns Aug. Big Gulp Post-mix fountain beverage, prepared with a variety of high quality syrups Nov. Trademarks Application Date 4. Medi-express Pharmaceutical January 19, 6. Daily Bread Different variants of bread May 18, 7. Hotta Rice Ready-to-eat rice meals with different variants September 22, 8. Pastarrific Pasta meals with variants March 10, 1.

Hot Cup Quick Mix 2. Among the largest suppliers for the products carried by the stores are Unilever Philippines Inc. Properties The following properties are company-owned, free from any lien or encumbrances, as described below: SSHI at book value.

As part of the normal course of business, the Company shall continue to acquire properties under lease agreement. The Company, on a case to case basis, may consider purchase of real property for store sites or office site if there is an opportunity or offer at a reasonable price. However, there is no capital expenditure allocation for purchase of real properties in the next twelve 12 months.

Leases The Company leases land or existing building shell for its establishment of 7-Eleven stores. The lease term for these locations ranges mostly from 5 to 10 years.

The numbers of locations which shall expire within the next 5 years are as follows: The total amount of lease payments by the Corporation is contained in the Financial Notes on Leases of the audited financial statements attached herein. Legal Proceedings The Company is a party to certain litigations involving minor issues, from time to time, before the Department of Trade and Industry, employees suing for illegal dismissal, back wages and damage claims, claims arising from store operations and as co-respondents with manufacturers on complaints with BFAD, for specific performance and other civil claims.

The Company also filed criminal cases against employees and other persons arising from theft, estafa and robbery; civil claims for collection of sum of money, specific performance and damages. This is the fifth consecutive year that the Corporation declared stock dividends from The action to increase the authorized capital stock of the Corporation from Php , Also, cash dividend of ten centavos Php 0.

Stockholders of record as of August 22, were entitled to said cash dividend and the corresponding cash payments were issued and paid to stockholders on payment date last September 14, Total outstanding capital stock of the Corporation after the payment of the stock dividend is , shares.

Likewise, there was no sale of any unregistered securities. There is no restriction that limits the ability of the Company to pay dividends on common equity. Asian Holdings Corporation 4. Agus Development Corporation 5. Antonio Diaz Sta Maria Changes in and Disagreements with Accountants on Accounting and Disclosure Financial There are no changes in or disagreements with accountants on accounting and financial disclosures. Information on independent accountant and other related matters External audit fees and services The following table summarizes the fees paid or accrued for services provided by our external auditors for the fiscal years ended December 31, and This category includes the audit of our annual financial statements, review of interim financial statements and services that are normally provided by the independent auditors in connection with statutory and regulatory filings or engagements for those fiscal years.

This category also includes the advice on audit and accounting matters that arose during, or as a result of the audit or the review of interim financial statements. Amount indicated above is only an estimate of fees for the Audit services, exclusive of VAT and out of pocket expenses. This category includes tax compliance, tax advice, tax planning and other services performed by our independent auditors.

This category consists primarily of fees for consultations, special engagements relating to issuance of long form audit report and securing documents which are required for the payment of dividends and other incidental expenses. Our Audit Committee pre-approves all audit and non-audit services as these are proposed or endorsed before these services are performed by our independent auditors.

Amount indicated above is only an estimate of long form audit fee for for job arrangement for this service is not yet finalized. Directors and Executive Officers of the Issuer a Directors and Corporate Officers The eleven 11 directors of the Company are elected at the Annual Stockholders meeting to hold office until the next succeeding annual meeting or until their respective successors have been elected and qualified.

The members of the Board of Directors and corporate officers of the Company as of December 31, are the following: Chairman - Uni-President Enterprise Corp. Presiclerc Limited; President Technology Corp.

Filipino 52 2 yr and 8 mos. Chairman — Supply Chain Networks, Inc. Chairman — Pacific Main Holdings, Inc. Chairman- President Drugstore Business Corp. Capital Inventory Services Corp. Wisdom Distribution Service Corp. Duskin Serve Taiwan Co. Mister Donut Taiwan Corp. Retail Support International Corp.