FOR IMMEDIATE RELEASE

CONTACT:
Sheryl L. Cautero
Office Administrator
Reichel Realty & Investments, Inc.
4524 Gun Club Road, Suite 212
West Palm Beach, Florida 33415
(561) 478-4440, Fax (561) 478-4442
scautero@reichelrealty.com
www.reichelrealty.com

Fred Faulkner III Joins Reichel Realty & Investments, Inc.

WEST PALM BEACH, FL - July 1, 2002 - Reichel Realty is pleased to announce that Fred Faulkner III has joined the company as a Real Estate Associate.

Mr. Faulkner comes to Reichel Realty with over 22 years of experience in the commercial real estate business. Mr. Faulkner's areas of concentration include telecommunications, marketing, construction management, and site acquisition services for major wireless telecommunications companies.

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