Beverly Hills-Based Teles Properties Continues Growth Momentum With Addition of Top-Producing Agents Art and Kristina Korvel

Business Wire, July 1, 2008

LOS ANGELES -- Teles Properties, Los Angeles' fastest-growing residential real estate agency, welcomes Westside top performers Art and Kristina Korvel to its team of veteran realtors specializing in the luxury marketplace.

"In their many years collectively servicing both buyers and sellers on Los Angeles' Westside, Art and Kristina have achieved an impeccable reputation for their top-quality service, exceptional insights and strong negotiating skills," said Peter Hernandez, Teles Properties President and COO. "We're excited to add the Korvels to our extraordinary team of agents as we successfully grow the company."

Natives of Vilnius, Lithuania, where Kristina earned her degree in Music Science and History at the Lithuanian Music Academy and Art earned a Masters Degree in Political Economics from the University of Vilnius, the Korvels bring a keen knowledge of the international marketplace to all of their business endeavors.

In Lithuania, Kristina worked as a high school music teacher and television actress. Soon her entrepreneurial spirit carried her into the business world, first as a Regional Marketing Director for Oriflame Cosmetics, then as an advertising executive for Verslo Zinios, a prominent business news publication, and then as Special Events and Public Relations Manager for Nybogaard Hotel & Country Club in Denmark.

Art was a hard currency arbitrageur and head trader for the Vilnius branch of the Soviet Union Inter Exchange Bank. In 1986, he immigrated to the United States with Kristina and joined Drexel, Burnham, Lambert, Inc. His investment career led him to firms such as M.L. Stern & Co., Inc., a boutique bond-trading firm in Beverly Hills, Prudential Securities, Inc., in Century City, and Merrill Lynch in Beverly Hills, where he served as Vice President of Investments in the Private Client Group and managed over $100,000,000 in assets.

To learn more about the Korvels, or to view their listings, visit www.telesproperties.com.

About Teles Properties

Founded by Lou Piatt, former President of Jon Douglas Company; Peter Hernandez, former President of Coldwell Banker Orange County; and Steve Shull, President of Performance Coaching, Teles Properties boasts an innovative, profit-sharing model designed to provide both exceptional agents and exceptional customers with unparalleled services. Strictly attracting a select group of productive salespeople, Teles provides its agents with superior in-house services such as coaching, marketing, business administration and technology, allowing them to spend more time focusing on the needs of their clients. Each agent has the opportunity to participate in a profit-sharing program and real estate investment opportunities structured to form a dynamic partnership between the company and its employees.

The company is anchored in Beverly Hills with a second office opening soon in Brentwood, and expansion possibilities in key high-end markets throughout California. Located at 9811 Santa Monica Blvd. in Beverly Hills, Teles Properties can be reached by telephone at 424.202.3200.