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 5,000+/- sf Office Condo in West Palm Beach, Florida

WEST PALM BEACH, FL - July 21, 2003 - Reichel Realty is pleased to announce the sale a 5,000+/- sf Office Condo located in the Gun Club Financial Center, 4524 Gun Club Road, West Palm Beach, Florida. The project was purchased by CAT RAN BONE, Inc., of West Palm Beach, Florida from World Savings Bank for $350,000.

Christopher F. Fleming, Sr. Broker/Associate successfully handled the transaction. Reichel Realty & Investments, Inc., exclusively represented the Seller in this transaction.

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