121 West Trade Street
27th Floor
Charlotte, NC 28202

FOR IMMEDIATE RELEASE

May 9 , 2007

David K. McLaughlin

Construction Veteran David McLaughlin Joins Faison

Orlando, FL — May 9, 2007 — Faison announced today that David K. McLaughlin has joined the company as Director of Construction for the Orlando, FL team. Mr. McLaughlin will be responsible for overseeing all of the region’s construction efforts.

Mr. McLaughlin joins Faison after more than 25 years of industry experience, most recently as Director of Development/Construction for National Retail Properties. Previously, Mr. McLaughlin was Development Manager for the $40 million Disney Institute.

“We are delighted that David has joined our team,” said Herring, “Dave is highly respected in both the retail and commercial construction industry and his reputation for quality and professionalism is a good fit for Faison.”

Mr. McLaughlin holds a Master of Science Degree in Construction Management from the University of Florida in Gainesville and a Bachelor of Science Degree in Architecture from the Florida International University in Miami.

Faison Enterprises, Inc. is a privately-held development company with a diversified product portfolio that includes retail, commercial and residential project development, management and acquisitions services. With more than 45 years in the business and holdings of approximately $1 billion, including $600 million of new projects under development, the Charlotte NC based company manages and develops properties throughout the Mid-Atlantic and South and maintains regional offices in Bethesda MD, Washington DC, Charlotte NC, Atlanta GA, and Orlando FL. For more information, visit www.faison.com

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