FLAGLER BEACH, FL-In what has to be one of most creative deals of the year, one-year-old Dogs International of Las Vegas is acquiring its first Bed & Biscuit Inn in Flagler Beach, FL in a no-cash transaction valued at $500,000.

Instead of cash, the Nevada entrepreneur, formerly called Juris Travel, is giving owner Rosemary Williams Hardman a five-year promissory note for $200,000 at 6% annual interest and 50,000 shares of convertible company stock valued at $6 per share or a total $300,000. The stock is trading on the Over-the-Counter Board at about $5.25 per share. The deal is expected to close by May 9.

Included in the deal is Hardman's personal property, valued at $97,350. Among the items are a 1999 Mercedes auto valued at $35,000; a 2002 Chevrolet pickup truck, $15,000; a 1997 Ford Explorer, $10,000; and a 2000 Chevrolet Express Van, 18,000.