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Exeter News Wire

Media Contact:

William L. Exeter

President and Chief Executive Officer

Exeter 1031 Exchange Services, LLC

(619) 615-4210

Email Mr. Exeter


FOR IMMEDIATE RELEASE

 

Exeter 1031 Exchange Services, LLC Announces Record Month

Exeter Once Again Exceeds Previous Records

September 1, 2006--San Diego, California--Exeter 1031 Exchange Services, LLC announced today that it had once again achieved record breaking operating results in its national 1031 exchange services group. 

"We have once again reached new operating levels in all of our measurement categories, including 1031 exchange transactional volume, gross fee revenue, balances on deposit and net operating profitability.  We continue to exceed our business plan and operating budget by more than 14 months, and are doing so when many companies in our industry are experiencing a 10% to 40% decline in 1031 exchange business activity," said William L. Exeter, president and chief executive officer, Exeter 1031 Exchange Services, LLC.

When asked why Exeter continued to do well in such a difficult market, Mr. Exeter said "we believe strongly in putting the needs and interests of our clients' first.  Many companies make that statement, but few actually put it into practice like I believe we have."

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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