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Release Source: Eastern Coast Management, LLC Frank Crivello, Managing Member, Eastern Coast Management, LLC enters into Lease - Purchase of land in Riviera Beach, Florida Cape Canaveral, Florida—October 1, 2003— Eastern Coast Management, LLC (“Eastern Coast”) announced today that RE Palm Beach Partners, LLC, a limited asset entity it created and owns equally with an investor, leased with an option to purchase approximately four acres of land on US 1 and 13th Street, Riviera Beach, Florida. Eastern Coast Managing Member Frank Crivello stated: “We were executed to obtain land near across the Port of Palm Beach and near the Riviera Beach Marina. We are developing our plans for use of this land.” About Eastern Coast Management, LLC: Eastern Coast is focused on real estate and marine investments in the southeastern United States. For approximately twenty five years, as principals, Eastern Coast's team has been involved in all facets of real estate development, rehabilitation, and investments. In addition, Eastern Coast's team has offered professional management and advisory solutions to public and private companies, trusts, and individual investors. For approximately six years, as advisors or principals, Eastern Coast's team has been involved in marine investments of various types. Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Eastern Coast could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to assumptions relating to the marine market and that there will be no unanticipated material adverse change in Eastern Coast's operations or business.
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