PRESS RELEASES:

D&O Management Group to Develop Avalon at Seven Hills

LAS VEGAS, Nevada (February 2006) ....... D&O Management Group, founded by RADCO Ventures and RAZ Investments, and managed by its founders Dotan Y Melech and Ofir Hagay, is pleased to announce its latest Southern Nevada-based condominium conversion project: Avalon Condominiums at Seven Hills, LLC.

“Avalon project is in a premium location” said Navid Moshtaghi, Vice President of Lehman Brothers Inc., a Los Angeles based division of the New York headquartered company (NYSE: LEH), and the lender of this $55M project.

This business venture comes as RADCO Ventures and RAZ Investments celebrate the success of Park 1 at SummerlinGate. Like Park 1, Avalon at Seven Hills will offer unparalleled luxury and comfort to condominium homebuyers, only this time in the esteemed Seven Hills master-planned community. Sales are expected to be under way in early 2006.

Avalon future residents can look forward to a sophisticated lifestyle in this 320-unit luxury condominium community nestled against Henderson’s picturesque mountains, just blocks from the prestige Anthem and Sun City Anthem. Avalon features a unique collection of one-, two- and three-bedroom floorplans with unmatched Strip and mountain views. Lush landscaping, unique two-level topography, garages, abundant parking and a high-tech gated entry add to its appeal.
Residents will discover top-notch schools, recreational trails, countless restaurants and sought-after retail centers just steps beyond Avalon’s gates. With convenient highway access and the unprecedented level of medical care found only at nearby St. Rose Dominican Hospital, Avalon sits at the center of life’s conveniences.

This exciting project will continue to unfold in the coming weeks. D&O Management Group appreciates your enthusiasm and support as preparations continue for Avalon’s Grand Opening.