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Press Release: DPFG announces the addition of Rick Rosenberg to our Austin, TX office.

December 1st, 2009

Development Planning & Financing Group, Inc. ("DPFG") is proud to announce that effective December 1, 2009; Rick Rosenberg has been promoted to Co-Managing Principal and will be relocating from the firm's Phoenix office to its Austin, Texas office. In addition to continuing with his current role as Principal in charge of the firm's Capital Market Advisory Services throughout the country, his new role will emphasize expanding DPFG's footprint throughout Texas. Working together with Jon Snyder, the current Co-Managing Principal for DPFG in Austin, their focus will be on preparing financial and investment analyses, assisting developers in utilizing all of the available special financing district financing options available for the financing and acquisition of infrastructure and other public improvements, identifying opportunities for applying other creative public/private financing mechanisms for the development of real estate, renewable energy, education and health care projects and preparing fiscal and economic impact studies in support of proposed investments.

In his new capacity, Rick will continue to provide clients strategic planning assistance and investment analyses at both the project and entity level including recapitalizations, restructurings, and the financing of prospective new developments with a particular focus on the use of public/private financing mechanisms. Rick has over 29 years of extensive real estate experience, encompassing the investment analysis, acquisition, deal structuring, equity sourcing, asset management and financing of both commercial and residential real estate transactions located throughout the United States and valued in excess of $1.0 billion.

Prior to joining DPFG, Rick was the Vice President of Investments for the Cole Companies, the Chief Financial Officer for the Arizona Division of Centex Homes, the Chief Financial Officer and Director of Land Acquisitions for the Houston Division of K. Hovnanian Homes, and the Chief Financial Officer for MAXXAM Property Company. In addition, he has over ten years of prior real estate and financial consulting experience providing investment advisory services to developers, public agencies, Fortune 500 corporations and institutional investors. Rick has a Masters in Management degree with a dual concentration in Finance and Management Policy from Northwestern University's Kellogg School of Management and a B.S. with a concentration in Accounting from the Wharton School at the University of Pennsylvania.

To speak further with Rick, please contact him at (512) 732-0295 (Office), (512) 567-8598 (Cell) or email at rick.rosenberg@dpfg.com.

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