April 22, 2006
--San Diego, California--Exeter 1031 Exchange Services, LLC announced today that it has hired Steven W. Monk as vice president and regional manager. 

Mr. Monk will lead our company's Central Valley, San Joaquin Valley and Northern California sales and marketing operations.  Mr. Monk will be headquartered in the Fresno Branch Office located at 516 West Shaw Avenue, Suite 200, Frenso, CA 93704.

"Mr. Monk is a tremendous addition to our expanding team of 1031 exchange advisors and our ever growing 1031 exchange branch office network.  He has over 20 years of professional experience in the commercial real estate industry and will be a huge part of our success," said William L. Exeter, president and chief executive officer, Exeter 1031 Exchange Services, LLC.  Steve reports directly to Mr. Exeter.

Mr. Exeter further stated, "we remain very excited about the Central Valley, San Joaquin Valley and Northern California real estate markets, and we are very excited and proud to have Mr. Monk as part of our 1031 exchange management team."

"Mr. Monk has a long-term association with the existing management team at Exeter and we are very excited that he has joined our team once again," said Mr. Exeter.

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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