Frank Crivello, Managing Member, Crivello Group, LLC Announces Formation of Century Partners Fund, Inc.

Century Partners Fund, Inc. focused on the purchase of distressed, charge-off,and in litigation receivable notes and mortgages.

Milwaukee, Wisconsin --January 28, 2005--  Frank Crivello, Managing Member, Crivello Group, LLC ("Crivello Group") announced today that its principals formed Century Partners Fund, Inc. ("Century") and arranged its financing to execute on its business plan. Century is focused on the purchase of distressed, charge-off, and in litigation receivable notes and mortgages. Century has identified portfolio assets within this space. Century will focus upon this niche and pursue these opportunities.

Crivello Group Managing Member Frank P. Crivello stated: "Our team has considerable experience with distressed assets. We decided it was the right time to form a business focused solely on this space. We were pleased to provide Century with financing. We have great faith in Century's current management team and its exciting business plan. In addition to this financing, we will provide strategic consulting services to Century."

About Phoenix Investors, LLC, www.phoenixinv.com:

Since 1994 Phoenix Investors has been offering professional management and advisory solutions to public and private companies, trusts, and individual investors. Our management endeavors to understand our clients' individual needs, work with our client to assess specific goals, and structure investments according to our clients' specific risk/reward profile to meet both the clients' short term and long term needs. Our real estate management team professionally manages our portfolio properties through a combination of local and national representation in order to effectively create a "working-bridge" between owner and tenant, building a cooperative mutually beneficial working relationship. Our experts assess and refine our client's portfolio's to maximize our clients cash flow, equity accumulation, and internal rate of return based upon our clients' specific dynamic goals.

Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Phoenix Investors could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to assumptions relating to the marine market and that there will be no unanticipated material adverse change in Phoenix Investor's operations or business.

Contact:
New-School Communications, LLC
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