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 2.74± Acres in Riviera Beach, Florida

WEST PALM BEACH, FL - April 23, 2003 - Reichel Realty is pleased to announce the sale of 2.74± Acres located ¼ mile east of Congress Avenue just south of Port Road on Avenue "S" in Riviera Beach, Florida. The property was purchased by RMB Custom Concrete, Inc., for $280,000.

Richard S. Kaufman, CCIM, Sr. Vice-President successfully handled the transaction. Reichel Realty & Investments, Inc., exclusively represented the Seller, James L. Breedlove of West Palm Beach, Florida.

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