WCI's First Fidelity Title Renamed as WCI Title

Business Wire, Sept 22, 2005

BONITA SPRINGS, Fla. -- As part of the integration of its real estate brokerage, mortgage banking and title insurance agency business units, WCI Communities, Inc. (NYSE:WCI) has renamed First Fidelity Title as WCI Title.

WCI Title is part of the company's Real Estate Services division, which includes WCI Mortgage and Prudential Florida WCI Realty. WCI Mortgage previously operated as Financial Resources Group.

"Operating all three business units under the WCI banner offers easy, one-stop shopping for buyers and sellers of new residences, resale properties, commercial space and property management," said WCI Senior Vice President David Fry. "The consolidation of our Real Estate Services division mirrors WCI's financial and geographic expansion across Florida and to the company's new Northeast and Mid-Atlantic divisions."

Overall, WCI has 14 title offices across Florida with two additional offices scheduled to open soon in Tampa and Perdido Key. Effective immediately, all will operate under the WCI Title name. Current offices are located in: Palm City; Palm Beach Gardens; Coral Gables; Coral Springs; Weston; Naples; Marco Island; Bonita Springs; Fort Myers; Sarasota; Bradenton; and Sun City Center. The title company's new web address is: http://www.wcititle.com. Headquarters for WCI Title and WCI Mortgage is located at 24031 S. Tamiami Trail, Bonita Springs, Fla., adjacent to WCI's main corporate campus.

Prudential Florida WCI Realty is the second largest residential real estate company in Florida and ranks as the sixth largest company in Prudential's national network. Among all real estate brokerage companies, Prudential Florida WCI Realty ranks as the 27th largest real estate firm in the nation for sales volume and has the highest average sales price for any statewide real estate company in Florida, at $442,000.

About WCI Communities

WCI Communities, Inc., named America's Best Builder in 2004 by the National Association of Home Builders and Builder Magazine, has been creating amenity-rich, master-planned lifestyle communities since 1946. Florida-based WCI caters to primary, active adult, and second-home buyers in Florida, New York, New Jersey, Connecticut, Maryland and Virginia. The company offers traditional and tower home choices with prices from the high $100,000s to more than $10 million and features a wide array of recreational amenities in its communities. In addition to homebuilding, WCI generates revenues from its Real Estate Services division, and its amenities, as well as through land sales and joint ventures. The company currently owns and controls developable land of over 17,000 acres.

For more information about WCI and its residential communities, call a Community Representative at (800) WCI-2290 or visit http://www.wcicommunities.com.

WCI Communities, Inc.

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 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 in real estate markets where we conduct business; the availability and cost of land in desirable areas in its geographic markets and elsewhere and our ability to expand successfully into those areas; 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; WCI's ability to pay principal and interest on its current and future debts; WCI's ability to maintain or increase historical revenues and profit margins; availability of labor and materials and material increases in labor and material costs; increases in interest rates and availability of mortgage financing; the level of consumer confidence; adverse legislation or regulations; unanticipated litigation or legal proceedings; natural disasters; and changes in general economic, real estate and business conditions. 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.