Frank Crivello, Eastern Coast Management, LLC and Frank Crivello Purchases Land in Riviera Beach, Florida

Land located in heart of massive Riviera Beach Redevelopment Project.

Milwaukee, Wisconsin --April 28, 2004--  Frank Crivello, Managing Member, Eastern Coast Management, LLC ("Eastern Coast"), www.ecmgt.net, announced today that it purchased three multi-family properties located on the new Boulevard entering Riviera Beach Marina, Riviera Beach, Florida.

Eastern Coast Managing Member Frank P. Crivello stated: "We were excited to acquire land near the center of the massive redevelopment project for the City of Riviera Beach, Florida. We are developing our plans for use of this land."

About NNN Group, Inc., www.nnn.net:

NNN provides Phoenix Investors with real estate management and advisory services.

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
Blois Olson, 651-221-1999
www.new-school.com
 

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