MICHAEL E. WRIGHT

Michael Wright has twenty four (24) years of commercial real estate experience handling well over one billion dollars ($1,000,000,000.00) worth of commercial real estate transactions during his legal career, primarily in the field of finance (institutional, construction and ground leasing), land use and development issues, and title insurance claims defense for several national title insurers.

From September 1996 Mr. Wright was a partner in the Orlando based law firm of Gray, Harris & Robinson, P.A., and effective September 2001 became Of Counsel with Gray Harris, and in September 2003, left the employment the firm, now known as GrayRobinson, P.A . (www.gray-robinson.com)

From 1990 to 1996, Mr. Wright worked as a real estate attorney for two other law firms in Florida (Smith, Mackinnon, Greeley & Edwards, P.A. and Akerman Senterfitt, P.A.). Prior to that, for seven years, he was the senior in-house real estate counsel for Southern Farm Bureau Life Insurance Company in Jackson, MS, managing the day to day legal affairs of its multi billion dollar commercial real estate portfolio.

Between January, 1983 and October, 1983, Mr. Wright had a solo law practice in George County (Lucedale) Mississippi.

Mr. Wright is the managing general partner of Kae's Corner, LLP, (d/b/a Shoppes At Ives Dairy Road), a to be developed shopping center in Miami-Dade County, Florida, containing approximately 26,000 square feet of retail space. Starbucks, Chilis Restaurant, Footlocker, Radio Shack, Gamestop, Subway, and Wireless Toyz are a few of the nationally recognized tenants in this development. Opening Fall 2006.

Mr. Wright is the managing general partner of PRC Plaza Assoc., LLP, the owner of a single tenant building containing 139,000+ square foot, immediately west of the Golden Glades Interchange in Miami-Dade County, Florida. The office building is 100% leased to Precision Response Corp. The partnership has identified two out parcels on the PRC Plaza parcel that can be developed or sold consisting of an additional 6+ acres, 3.5 of which front the Palmetto Expressway, the major north south and east west loop around north and west Miami-Dade County.

Mr. Wright is sole owner of MMI Development, Inc., a commercial real estate investment and development company. The firm was formed for the purpose of acquiring and developing commercial real estate properties, either through land assemblage or making buys of existing income producing properties based on an analysis of achieving the realistic creation of significant value over and above the original purchase price through the combination of several key factors (e.g. purchase price, competent management, and repositioning of a property within its submarket).

Mr. Wright was the sole owner of Valencia Lane, Inc., the former sole corporate general partner of Valencia Lane Apartments, LTD ("VLA"). VLA is a Florida limited partnership formed in 1999 for the purpose of constructing, owning and operating a 240 unit apartment complex, in East Orange County, FL. The project completed permitting and planning and securing its construction financing in late summer, 2003, and broke ground October, 2003. Mr. Wright sold his interest in project to his partners shortly thereafter, in late 2003.

Mr. Wright is the sole managing general partner of Dean Road Assoc., LLP, and owns a 63% share in the company. DRA was formed for the purpose of assembling four (4) contiguous parcels of land, consisting of a total of approximately 17 acres, in East Orange County, Florida. The DRA property is at the south exit of the East/West Expressway for Dean Road and is near the University of Central Florida, Lockheed and the UCF Research Park. DRA's ultimate goal is to develop a 288 unit, garden style, Class A apartment complex. Dean Road's basis in the property, designated as R3 (20 units/acre of residential) on the Orange county Future Land Use Map, is approximately $3,000/unit at this density. The typical price for zoned, multifamily land in the east Orange County submarket is $10,000/unit.

Mr. Wright is the managing general partner of 2153 Coral Way Assoc., LLP, the owner of a single tenant, 32,000 square foot, mid-rise on Coral Way in Miami, Florida, which has been 100% leased since inception of ownership, with the tenant exercising two renewal options and has renewed the existing lease for an additional five (5) year term under a newly negotiated lease, with rents increasing approximately 45% over the 4 year period of ownership.

Mr. Wright is the managing general partner of 2103 Coral Way Assoc., LLP, the owner of a single tenant, 62,000 square foot, mid-rise on Coral Way in Miami, Florida which was 40% leased at the time of acquisition and which is now in excess of 92% occupied.

Mr. Wright is the managing general partner of Golden Glades Assoc., LLP, the owner of an eight building, multi-tenant, 191,000 square foot, office park, consisting of low and mid-rise buildings immediately west of the Golden Glades Interchange in Miami-Dade County, Florida. The office park was 77% leased at the time of acquisition in August, 2003, and achieved a leased occupancy 97% by March, 2004.

Mr. Wright along with Mr. Tim Jackson were the managing general partners of FCB Holding Co, the largest single stockholder in a de novo bank, First Commercial Bank of Florida, until the holding company was liquidated in early 2002, netting the investors a return in excess of 20%, on an annualized basis.

Mr. Wright is president, COO and 25% owner of Stennis Properties, Inc., a Wright family investment and holding company, with interests in two hotels, and First Commercial Bank of Florida common stock and cash reserves.