Exit Only Inc. announced the appointment of Walter E. Steel as Executive Vice President and part of their Board of Directors, effective July 23, 2012. More than 50 years ago, Walter E. Steele was part of a small group of entrepreneurs that built a deep water harbor and established a unique economic zone on the Grand Bahamas Island with the vision that it would become a major shipping hub and international business center. Mr. Steele has been the owner of Wesco Development Corporation for 47 years and has been developing and building commercial and residential properties throughout Florida and the Caribbean. Mr. Steele joins James Porter as CEO, Clay Franks as President and Gina Porter as Secretary. These four constitute the Board of Directors of the company.