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

Reichel Realty successfully completes Sale of Lot at SW Corner of Olive Avenue and Flamingo Road, Downtown West Palm Beach, Florida

WEST PALM BEACH, FL - January 16, 2003 - Reichel Realty is pleased to announce the sale of a vacant lot located on the Southwest Corner of Olive Avenue and Flamingo Road in Downtown West Palm Beach, Florida. The property was sold to Adele Rogers as Trustee of the Embassy Trust. The property sold for $150,000.

William B. Reichel, President successfully handled the transaction. Reichel Realty & Investments, Inc., exclusively represented the Seller, Stewart Pontiac Company of West Palm Beach, Florida.

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