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Exeter News Wire

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William L. Exeter

President and Chief Executive Officer

Exeter 1031 Exchange Services, LLC

(619) 615-4210

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Alexandra Aiken, J.D., Hired as Legal Department Manager

Exeter Expands 1031 Exchange Technical and Legal Research Capabilities

March 20, 2006--San Diego, California--Exeter 1031 Exchange Services, LLC announced today that it has hired Alexis Aiken as Assistant Vice President and National 1031 Exchange Legal Department Manager.

Ms. Aiken will be responsible for all corporate legal matters involving The Exeter Group, LLC, and its 1031 exchange subsidiary companies, expanding our tax-deferred like-kind exchange legal and technical research capabilities, and growing our 1031 exchange educational delivery methods.  Ms. Aiken will be headquartered in our national corporate headquarters office in San Diego, California.

"Ms. Aiken is a tremendous addition to our expanding team of 1031 exchange advisors and our ever growing 1031 exchange branch office network.  She has exceptional legal, technical, analytical and presentation skills and will be a huge part of our success," said William L. Exeter, president and chief executive officer, Exeter 1031 Exchange Services, LLC.  Alexis reports directly to Mr. Exeter.

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