Press Release

WELCOME CENTER OPENS AT THE RESIDENCES AT BULLE ROCK

Columbia, MD - Tuesday, January 18, 2005 - In a statement issued today, Richard Alter, on behalf of H&S Properties, Manekin Corporation and Clark Turner, announced the grand opening of the Welcome Center at The Residences at Bulle Rock - an exquisite new community located in Havre de Grace, Maryland offering resort-style amenities and situated around the award-winning Pete Dye-designed public golf course. Additionally, Kathy Harper has been named Manager of this exceptional facility.

The 6,000-square-foot Welcome Center is a restored brick Georgian-style mansion constructed on the original site of Mt. Pleasant, a legendary home built in the 18th century, and will serve as the community's information and sales center. When touring the Welcome Center, visitors can view an impressive, extremely large topographic model illustrating the entire layout of the community as well as a breathtaking 180-degree view of the Susquehanna River and the Chesapeake Bay. Additionally, aerial views and highlights of The Residences at Bulle Rock can be seen throughout the Welcome Center - both on pictures and on a brief program shown on a large plasma television screen. Visitors also have the ability to meet with the community's recognized, award-winning builders including Clark Turner, D.R. Horton, NVHomes, Ryan Homes and Ryland Homes - all of which currently have sales offices located on the 2nd floor of the Center.

The Residences at Bulle Rock, a gated community located less than one mile off I-95 between Baltimore, Maryland and Wilmington, Delaware, will contain 25 individual neighborhoods - all named after significant facets of the area's rich heritage - and will offer a diverse mix of housing options, including single family homes -- attached and detached -- villas and condominiums.

The community will contain approximately 2,000 homes priced from the upper $200's - all surrounding the Pete Dye-designed public golf course - recognized as the best public course in the state of Maryland and listed as the third finest public course in the country by Zagat. Additionally, the course is also recognized by the readers of Golf Digest as one of only 16 courses in North America to receive a five star rating and will be home to the McDonald's LPGA Championship presented by Coca-Cola beginning in June, 2005.

The Residences at Bulle Rock offers not only a home, but also a sought-after, resort-style lifestyle. The community offers the setting of a small town waterfront environment, yet is convenient to big city resources. Just a few miles from the Chesapeake Bay, this serene community will attract those buyers with a priority for location and a desire for a full, diversified lifestyle.

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