Eastern Coast Management and Port Offices, LLC Report in Aftermath of Hurricane Jeanne Only Minor Damage to Innovation Centre in Port Canaveral, Florida

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Innovation Centre sustains only minor water and wind damage after Hurricane Jeanne passes through Port Canaveral, Florida.

Last month Frank P. Crivello, Managing Member, Eastern Coast Management, LLC (“ECM”) and Port Offices, LLC (“Port”) announced Port acquired from Allied Capital Corporation (“Allied”), http://www.alliedcapital.com, Washington, D.C., the office building complex that was the headquarters of Premier Cruise Lines. Since then, Port has commenced a rehabilitation of the office complex as it begins re-leasing of the property. The office complex is approximately 68,000 square feet and is one of the few Class A office buildings in Brevard County.

ECM Vice President Frank J. Orlando stated: “Our building was very well constructed and I took extra care to secure it before Hurricane Jeanne. Having said that when we emerged from Hurricane Frances with only minor damage, I thought we were very lucky. Emerging through Hurricane Jeanne with only minor damage, again, is a miracle. “

Port Managing Member Frank Crivello stated: “Innovation Centre was constructed a little over a decade ago. It was built to withstand hurricane winds. The Canaveral Port Authority, http://www.portcanaveral.org, again did a fabulous job of preparing Port Canaveral and its tenants for the evacuation as it did with Hurricane Frances. Our rehabilitation will continue as planned.”

Port Member Charles Wisher is the leasing representative for Innovation Centre. His office number is 877.562.1382.

About Eastern Coast Management, LLC http://www.ecmgt.net:

ECM is focused on real estate and marine investments in the southeastern United States. For approximately twenty five years, as principals, ECM’s team has been involved in all facets of real estate development, rehabilitation, and investments. In addition, ECM’s team has offered professional management and advisory solutions to public and private companies, trusts, and individual investors. For approximately five years, as advisors or principals, ECM’s team has been involved in marine investments of various types.

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 ECM 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 ECM's operations or business.

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