Senior Care Reaches Investment Goal On Plaza Rosarito

Business Wire, April 8, 2002

Business Editors

LAGUNA BEACH, Calif.--(BUSINESS WIRE)--April 8, 2002

Senior Care Industries Inc. (OTC BB: SENC) Monday announced through its Chief Executive Officer Mervyn A. Phelan Sr., that it had succeeded in subscribing $2.5 million to its newly formed limited partnership, Gold Coast Partners, I, L.P. to complete construction of the Plaza Rosarito Shopping Center in Rosarito Beach, Baja California.

"This is just the beginning," Phelan explained, noting that Senior Care has a number of partnership investment opportunities that are presently being subscribed for property in California, Nevada and Baja California.

"Most of these partnerships are developing housing for our senior citizens. We expect to raise over $40 million during the next year through these unique investment opportunities that are described on our Web site and in the video that can be accessed from our Web site, http://www.seniorcareind.com."

"In the video, I tell investors how our partnership investments include a special liquidity factor not available in standard limited partnership real estate investments," Phelan went on to say.

"What we have is a state-of-the-art investment vehicle for qualified investors. We believe that we are particularly well placed in a market that grows every day. The need for housing for seniors is growing faster than any other housing segment."

About Senior Care Industries

Senior Care Industries is a specialty real estate development firm constructing a focused portfolio of real estate uniquely designed and located to meet the needs of a growing senior citizen population. The company entitles land it acquires in order to develop and construct age-restricted residential projects that are on the cutting edge of design and efficiency.

Senior Care has residential projects for seniors in various stages of development in the fastest growing senior population centers in southern California, Nevada, New Mexico and Baja California. In addition, Senior Care develops commercial properties that are ancillary to its senior projects.

Senior Care continues to actively seek land for development or existing large apartment complexes that can be converted to senior housing.

Forward-Looking Statements: This news release contains certain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, which provides a new "safe harbor" for these types of statements.

To the extent statements in this news release involve, without limitation, product development and introduction plans, the company's expectations for growth, estimates of future revenues, expenses, profits, cash flow, balance sheet items, sell-through or backlog, forecasts of demand or market trends for the company's product categories and for the industries in which the company operates, or any other guidance on future periods, these statements are forward-looking statements.

Senior Care does not assume any obligation to update forward-looking statements.