Dallas Custom Home Builder, Sterling Designs, Inc, Makes Significant Investment in Frisco Texas Community

DALLAS--(BUSINESS WIRE)--June 21, 2002--Sterling Designs, Inc, one of the Dallas area's top custom homebuilders today announced that it is breaking ground in The Lakes on Legacy Drive master-planned community in Frisco, Texas. Sterling hopes to build a significant amount of new homes in the next year.

DALLAS--(BUSINESS WIRE)--June 21, 2002--Sterling Designs, Inc, one of the Dallas area's top custom homebuilders today announced that it is breaking ground in The Lakes on Legacy Drive master-planned community in Frisco, Texas. Sterling hopes to build a significant amount of new homes in the next year.

"We are happy that Sterling Designs has chosen Frisco as an area to expand their business," said City of Frisco Mayor Mike Simpson. "Our desire is to provide our citizen's with quality homes and a wide variety of choices for our fast growing population. Sterling Design's homebuilding expertise certainly fits with a rapid growing custom home market that is continually expanding in Frisco."

When asked about Sterling's desire to build homes in Frisco, President and Chief Executive Officer, Michael VanHuss replied, "According to US Census data, Frisco is one of the fastest growing communities in the United States. We're excited about being part of this growth and in helping to shape the look of this great community. Frisco is a wonderful place for people to live."

Using time tested and proven home building methods, Sterling offers one of the industry's leading design to delivery home buying experiences for each of its customers. Sterling's clients benefit from its hands on building approach, relentless pursuit of quality, and number one priority of building homes that consistently retain their value. Sterling Designs manages the entire process of building a quality home while exceeding client expectations.

About The City of Frisco Texas

The City of Frisco, Texas, founded in 1902, is located in the fertile black soil of west Collin County's beautiful rolling prairies. Frisco is the fastest growing city in the State of Texas according to the North Texas Council of Governments and Frisco is one of the fastest growing cities in the country among cities with populations between 10 to 54,000 according to the US Census. With sixty-nine square miles of land, Frisco offers all of today's modern amenities while retaining a small town atmosphere. Educational opportunities abound in the city with three school districts as well as the Preston Ridge Campus of the Collin County Community College District serving residents living within Frisco city limits. Frisco also boasts the creation of an all new state of the art sports-entertainment complex, minor league ballpark, hotel, and convention center that will host a practice facility for the Dallas Stars Hockey Club as well as a stadium for a minor league farm team for the Texas Rangers Baseball Club. For more information about the City of Frisco Texas, visit http://www.ci.frisco.tx.us/.

About The Lakes on Legacy Drive

The Lakes on Legacy Drive developed by Blackard Developments, Inc. offers private, prestigious living in the heart of the new Frisco/Tollway growth corridor. The Lakes on Legacy Drive is a premier 218-acre master-planned community that offers a unique lifestyle opportunity with breathtaking lakes, scenic views, and picturesque greenbelts, creating an exquisite backdrop for the three exclusive residential villages. Residents of The Lakes on Legacy Drive will have exclusive access to a choice of planned amenities including a golf course, swim club, an adjacent tennis and fitness club, a day care center and elementary school with basketball court, soccer and baseball fields. The Lakes on Legacy Drive community is located just minutes from the Dallas North Tollway and Legacy Business Park. For more information, visit The Lakes on Legacy Drive web site at http://www.blackard.net.

About Sterling Designs, Inc.

President and Chief Executive Officer Michael VanHuss founded Sterling Designs, Inc. in 1985 with the intention of creating a company that offers unparalleled quality and service. Sterling continues that commitment today as one of the Dallas area's leading custom homebuilders, providing homebuyers with expertise and craftsmanship. The Sterling team works in partnership with each client to create a home that meets the demands of busy lives without sacrificing luxury and comfort. Sterling shares its clients' desires and goals to build the highest quality home that will have perpetual appreciation in value, therefore ensuring Sterling's commitment to client satisfaction. For more information, visit Sterling Designs, Inc. at http://www.sterling-designs.com.

The Texas Rangers Baseball Club and the Dallas Stars Hockey Club are registered trademarks of Southwest Sports Group, Inc. All other company and product names may be trademarks of their respective owners.

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Contact:

     Sterling Designs, Inc.
     Matthew B. Thornton, 214/801-9800
     mthornton@sterling-designs.com
     or
     City of Frisco Texas:
     Dana Baird, 972/335-5555 Ext. 126
     dbaird@ci.frisco.tx.us
     or
     Blackard Developments, Inc.:
     Jeff Blackard, 972/668-0200
     jblackard@blackard.net