1031 Exchange Options Appoints Replacement Property Specialist to South San Mateo County; Mary Beth MacLennan to Provide Expertise to Investment Property Owners

Business Wire, Sept 8, 2004

WALNUT CREEK, Calif. -- 1031 Exchange Options, a leading real estate investment consultancy, announced today the appointment of Mary Beth MacLennan to Replacement Property Specialist(SM) for South San Mateo County, Calif. As the company's newest Replacement Property Specialist, MacLennan will assist investment property owners in finding suitable replacement investment properties for their 1031 exchanges and other real estate investments. MacLennan is also responsible for expanding the company's market leadership within the San Mateo County investment community.

"We are very pleased to have Mary Beth join our Replacement Property Specialist team," said Mark Johanson, Sr. Vice President -- Sales and Marketing for 1031 Exchange Options. "Her experience and acumen are perfectly suited to our investor clients."

Before joining 1031 Exchange Options, MacLennan spent more than 15 years in investment banking, focusing on new business development and transaction execution, most recently with Banc of America Securities (formerly Montgomery Securities). MacLennan worked in consulting, covering financial institutions and general corporate clients. As a Replacement Property Specialist, MacLennan utilizes her consulting skills and finance experience to work closely with clients in order to become a trusted advisor, responding quickly and knowledgeably to their unique investment needs.

"This is a tremendous opportunity, and I'm very happy to join the firm," stated MacLennan. "1031 Exchange Options is a premier real estate investment resource, and I'm excited to be able to contribute and be a part of their commitment to client satisfaction."

MacLennan is licensed with the NASD as a Registered Representative, maintaining both Series 7 and 63 Securities licenses. She earned two degrees at the University of Southern California.

About 1031 Exchange Options

1031 Exchange Options is the leading investment consultancy in the nation, recognized for real estate investments structured for co-ownership. The company advises clients on Tenant-in-Common (TIC) ownership, funds, LLCs, REITs and other real estate investments. 1031 Exchange Options offers securities through Sigma Financial Corporation, Member NASD and SIPC.

1031 Exchange Options' national headquarters is located in the San Francisco Bay Area. The company services clients nationwide. Additional information is available at www.1031ExchangeOptions.com.

While these statements are meant to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representation to be true and accurate based on the information available to the company, actual results may differ materially from those described.