SV Capital Announces That John W. Seiple Jr., Former President and CEO of ProLogis, North America, Joins the Firm

Business Wire, June 3, 2008

DENVER -- SV Capital, a leader in the real estate development and investment management of luxury resorts, residential and retail properties, announced today that John W. Seiple Jr. will join the firm as a Partner focusing on the firm's capital market activities. Prior to joining SV Capital, Seiple was the President and Chief Executive Officer of North America for ProLogis, a publicly traded real estate investment trust and the world's largest owner, manager, and developer of distribution facilities.

"We are excited to have John join our team," said Mark Cooley, Managing Partner of SV Capital. "His depth of experience and his demonstrated leadership will help us meet our aggressive strategic objectives and accelerate the growth of the company."

"SV Capital has a unique business strategy, an exceptional team of professionals, a proven track record and a terrific emerging brand," said Seiple. "Additionally, SV Capital has a steady pipeline of future business in a segment of the real estate industry that displays enormous growth potential based on well-documented demographic trends."

About SV Capital

SV Capital is a real estate development and investment firm with a focus on luxury resort, residential, and retail throughout the United States, Mexico, Caribbean, and Europe. Started in 1998, SV Capital has successfully completed or has under development over $1.7 billion dollars of projects. Major completed projects include Esperanza Resort in Cabo San Lucas, Mexico and The Grace Bay Club in Turks and Caicos Islands. Projects currently under development include Castello Di Casole in Tuscany, Italy, Estates of Grace Bay in Turks and Caicos Island, Botany Bay in West End St. Thomas, U.S.V.I. and One Steamboat Place in Steamboat Springs, Colorado.

For additional information about the company go to www.svcapital.com.