February 15, 2006--San Diego, California--Exeter 1031 Exchange Services, LLC announced today that it has hired Maureen H. Brown as Assistant Vice President and National 1031 Exchange Manager.

Ms. Brown will be responsible for the over all management and administration of day-to-day 1031 exchange client account administration, including forward, reverse and improvement (construction or build-to-suit) 1031 exchange strategies.  She is also responsible for system design and development for the national 1031 exchange operations.  Ms. Maureen will be located in our national corporate headquarters office in San Diego, California.

"She is a tremendous addition to our expanding team of 1031 exchange management professionals and our ever growing 1031 exchange national branch office network," said William L. Exeter, president and chief executive officer, Exeter 1031 Exchange Services, LLC.  Maureen Brown reports directly to Mr. Exeter.

Mr. Exeter further stated that "Ms. Brown has a long-term relationship with the existing management team at Exeter and we are very excited that she has once again joined our 1031 exchange managmeent team.

Exeter 1031 Exchange Services, LLC is a leading national provider of Qualified Intermediary, Exchange Accommodation Titleholding, and Advisory services for tax-deferred like-kind exchange transactions pursuant to Section 1031 of the Internal Revenue Code.  Exeter 1031 Exchange Services, LLC administers all types of tax-deferred like-kind exchange transactions, including forward, reverse and improvement (build-to-suit or construction) 1031 exchange structures, in all 50 states.  Exeter 1031 Exchange Services, LLC currently has national office locations in San Diego, Los Angeles, Fresno, and San Francisco, California and Winston-Salem, North Carolina.

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