WCI Stock Quoted on Pink Sheets

BONITA SPRINGS, Fla.--(Business Wire)--
WCI Communities, Inc. (NYSE:WCI), a leading developer, builder and
seller of luxury homes and tower units, announced that effective today
its common stock will be traded under the symbol WCIMQ on the Pink
Sheets. Pink Sheets is a daily listing of bid and ask prices for
over-the-counter (OTC) stocks not included in the daily OTC bulletin
board. Quotes can be found at http://www.pinksheets.com.

In light of the voluntary filing on August 4, 2008 by WCI and
approximately 130 of its wholly-owned subsidiaries for relief under
chapter 11 of the Bankruptcy Code, WCI has determined it will not
request a hearing to appeal the New York Stock Exchange's
determination to suspend trading in, and seek delisting of, WCI's
common stock.

There is no assurance as to what values, if any, will be ascribed
in the chapter 11 cases as to the value of WCI's common stock and/or
any other WCI security. Accordingly, the company urges that caution be
exercised with respect to existing and future investments in its
securities as the value and prospects are highly speculative.

WCI Communities has established a toll-free information line for
vendors, customers and other interested parties. The number is
800-924-1890. Information is also available at www.wcicommunities.com

About WCI Communities, Inc.

WCI is a fully integrated homebuilding and real estate services
company with more than 50 years experience in the design, construction
and operation of leisure-oriented, amenity rich master-planned
communities. It has operations in Florida, New York, New Jersey,
Connecticut, Massachusetts, Virginia and Maryland. The company
directly employs approximately 1,800 people, as well as approximately
1,800 sales representatives as independent contract employees.

Forward Looking Statement Disclaimer

Certain information included herein and in other company reports,
Securities and Exchange Commission filings, statements and
presentations is forward-looking within the meaning of the Private
Securities Litigation Reform Act of 1995, including, but not limited
to, statements about the company's ability to operate its business
while in Chapter 11 proceedings, anticipated operating results,
financial resources, ability to acquire land, ability to sell homes
and properties, ability to deliver homes from backlog, and ability to
secure materials and subcontractors. Such forward-looking information
involves important risks and uncertainties that could significantly
affect actual results and cause them to differ materially from
expectations expressed herein and in other company reports, filings,
statements and presentations. These risks and uncertainties include
WCI's ability to compete as a going concern in real estate markets
where we conduct business; WCI's ability to obtain court approval with
respect to motions in the chapter 11 proceeding prosecuted by it from
time to time; the ability of WCI to develop, prosecute, confirm and
consummate one or more plans of reorganization with respect to the
chapter 11 cases; risks associated with third parties seeking and
obtaining court approval to terminate or shorten the exclusivity
period for WCI to propose and confirm one or more plans of
reorganization, for the appointment of a chapter 11 trustee or to
convert the cases to chapter 7 cases; WCI's ability to obtain and
maintain normal terms with vendors and service providers; WCI's
ability to maintain contracts that are critical to its operations; the
potential adverse impact of the chapter 11 cases on WCI's liquidity or
results of operations; the ability of the WCI to fund and execute its
business plan; the ability of WCI to attract, motivate and/or retain
key executives and associates; WCI's ability to maintain or increase
historical revenues and profit margins; WCI's ability to obtain
necessary permits and approvals for the development of its lands; the
availability of capital to WCI and our ability to effect growth
strategies successfully; availability of labor and materials and
material increases in insurance, labor and material costs; increases
in interest rates and availability of mortgage financing; the ability
of prospective residential buyers to obtain mortgage financing due to
tightening credit markets, appraisal problems or other factors;
increases in construction and homeowner insurance and availability of
insurance, the continuing negative buyer sentiment and erosion of
consumer confidence; the negative impact of claims for contract
rescission or increasing cancellation rates by contract purchasers;
adverse legislation or regulations; adverse legal proceedings; the
ability to retain employees; changes in generally accepted accounting
principles; natural disasters; adverse weather conditions; and changes
in general economic, real estate and business conditions and other
factors over which the company has little or no control. If one or
more of the assumptions underlying our forward-looking statements
proves incorrect, then the company's actual results, performance or
achievements could differ materially from those expressed in, or
implied by the forward-looking statements contained in this report.
Therefore, we caution you not to place undue reliance on our
forward-looking statements. We undertake no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. This statement is provided as
permitted by the Private Securities Litigation Reform Act of 1995.

Sitrick and Company
Sandra Sternberg / Maya Pogoda / Thomas S. Mulligan
310-788-2850

Copyright Business Wire 2008