Press Release
For Immediate Release
October, 2006

Troxler Receives OK For Retail, Residential, Church And Schools From City Council

Calabasas, Calif., October, 2006 - Troxler, a California based firm specializing in providing joint venture equity for commercial, industrial, hospitality, residential, land entitlements and development, announces that Post Ranch, the joint venture with Harvard Investments, has received approval to proceed from the Casa Grande City Council.

The Arizona project consists of approximately 620 acres. Approximately 1,400 residential units, a church site, school sites and 20 acres of retail space are planned for the development. The project is slated to get underway in early 2007.

Troxler, a division of The Troxler Group of Companies, is an innovator in the industry having successfully created a unique branded platform of operating in specific opportunistic segments of the real estate market throughout the Western United States. We have invested in projects with terminal values in excess of $7 billion and continue to demonstrate our ability to partner with our clients across cycles and to deliver consistent returns.

Troxler serves the financial needs of corporations, institutional clients and high-net-worth individuals. Since our beginning in 1990, we have maintained leadership positions in equity in investment banking, private equity and wealth and asset management services. For more information, visit our Web site at www.troxler.com.