January 22, 2003

For Additional Information:
Mrs. Josy Cue-Planes, Development & Marketing Asst.
Menin Development Companies
561.747.4883 (ext. 222)

Menin Development Companies, Inc. (“Menin”) is pleased to announce two additions to its corporate staff:

Karen E. Smilen, Paralegal and Executive Assistant – joins Menin from Backer Law Firm and has extensive legal experience with large corporations such as UST and American Express Company and the law firm, Weil Gotshal & Manges, P.A in New York City.

Gregory Hong, Staff Architect – comes to Menin with extensive experience in architectural design. A graduate of the University of Pennsylvania School of Engineering and the University of Illinois School of Architecture, Greg most recently worked on major educational facilities at Song & Associates in West Palm Beach, Florida.

Menin Development Companies, Inc. is a privately held owner, developer and manager of commercial real estate with its focus on Florida and the Mid Atlantic states. Founded in 1985 with headquarters in Jupiter, Florida. Menin is pursuing its mission to create a premier portfolio of high quality, growth oriented retail real estate assets which has grown to include almost 2 million square feet of commercial real estate.