Announcing the Creation of Midlantic Land Source, LLP

100 Year Old Local Builder Expands Its Services to Lenders and Investors

HUNTINGDON VALLEY, Pa., April 20 /PRNewswire/ -- Mignatti Companies, a 100
year old new home builder, today announces the creation of Midlantic Land
Source, LLP. Midlantic will provide a variety of services to lenders and
investors with an interest in troubled land-based assets.

With a significant amount of land-based assets poised to transfer back to
lender ownership, many banks and investors are struggling with how best to
restructure existing loans and protect/enhance the value of their assets.
With its developer/builder perspective and decades of experience, Midlantic
offers a particular expertise to owners of troubled land-based assets/Real
Estate Owned (REO). The company's core services include performing due
diligence so that owners fully understand the value of the asset, protecting
standing field inventory and retaining asset value. Midlantic also offers
full work out and customized services.

"The primary business of most lenders is not real estate ownership or
development," states Midlantic President Sebastian Ferrer, Esq. "Most of the
lenders we work with have found that their Troubled Assets Department has seen
a significant influx of inventory that is not easily managed."

The senior managers of Midlantic also hold upper managerial positions at
Mignatti Companies and have a combined 80+ years of real estate development
and construction experience including land acquisition, permitting and
approvals, land development, product design, construction, sales and
marketing, leasing and warranty. This real estate experience gives Midlantic
a practical insight into assessing issues affecting trouble land assets and
determining true market value. Midlantic possesses the tools and particular
expertise necessary to provide an entire range of real estate services whether
the REO is partially or fully developed, commercial or residential.

"The key to maximizing your investment is to fully understand the value of
your asset," states Ferrer.

Midlantic's corporate offices are located at 2310 Terwood Drive in Huntingdon
Valley, PA. More information regarding Midlantic's services are available on
their website at www.midlanticlandsource.com or by calling 215-914-1908 or
e-mailing info@midlanticlandsource.com.

SOURCE Mignatti Companies

Rod Hughes of Oxford Communications, +1-609-397-4242 Ext. 179,
rhughes@oxfordcommunications.com