Leading CB Richard Ellis Executive Joins Advisory Board of US CONDO EXCHANGE

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$9-Billion Producer Places Bets on Prominence of Worldwide, Online Condo Marketplace
      
(Miami, FL - May 8, 2006) - US Condo Exchange, LLC, the online marketplace and global advertising portal for condominiums, today announced that CB Richard Ellis (CBRE) Vice Chairman Jay Massirman has joined US Condo Exchange's Advisory Board. Massirman is one of 12 Vice Chairmen nationally at CBRE, www.cbre.com, a designation reserved for the firm's highest echelon of sales professionals. He is one of the leading multifamily specialists in CBRE's nationwide network and has ranked as the firm's top sales professional in Florida and nationally for over a decade. His transaction experience includes debt and equity, structured finance, portfolio sales, land, hospitality redevelopment, apartments and condominium related transactions across the country, with transactions completed in his 20 years with CBRE at over $9.3 billion. Mr. Massirman will tap this wide and varied experience to help provide strategic planning and implementation to US Condo Exchange as the firm skyrockets in growth in line with that of the international condominium market.

"To have an executive the caliber of Jay Massirman bring his expertise to US Condo Exchange speaks enormously to the vision and inroads the firm has made in creating a transparent, worldwide marketplace for condos," said James Haft, Co-Founder and Chief Financial Office of US Condo Exchange. "Just as Mr. Massirman has helped lead CBRE to national prominence, we expect him to assist us in guiding US Condo Exchange to international prominence."

"You cannot overestimate the growing importance of online real estate markets," added Jay Massirman, Vice Chairman of CB Richard Ellis, the world's leading provider of commercial real estate services. "US Condo Exchange is helping create the future and with it tremendous possibilities for all condo marketplace participants. As the business in the multifamily and condo markets continues to proliferate, it's logical to round out that business with online market alternatives."

Mr. Massirman is based in the Miami office of CBRE. US Condo Exchange has offices in Miami and New York City.

About US Condo Exchange - US Condo Exchange, www.uscondex.com, which aims to be the "eBay of the condo market", is a multi-media publisher and one stop marketplace where buyers, sellers, developers and financial intermediaries can publish and access data for informed condo decisions on-line. The exchange offers buyers and brokers exhaustive research capabilities, provides sellers cost-effective access to a worldwide customer base, and offers developers and financial intermediaries objective real-time data for development and underwriting decisions. The exchange also serves as a global advertising portal for the condominium marketplace. US Condo Exchange curre ntly has nearly 50,000 listings valued at over $23 billion, with a U.S. and global rollout planned over the next 24 months.