Direct Development & Construction filler

Direct Development Inc.
1240 Main St., Suite 1
Green Bay, WI 54302
tel. 920.430.1480
fax 920.430.1490
October 25, 2007

DIRECT DEVELOPMENT BREAKS GROUND ON $55 MILLION NASHVILLE DEVELOPMENT

Green Bay, Wis.-based Direct Development Inc. has broken ground on the first phase of
its $55 million Rolling Mill Hill urban living development in Nashville, Tenn. Overlooking
the Cumberland River near downtown Nashville, Rolling Mill Hill will include the renovation
of three historic Nashville General Hospital buildings as well as two new buildings on the property.

The 81 condominium units included in the project's first phase are expected to be ready
for occupancy in late 2008. The project's second phase will include 92 units and will begin
upon reaching pre-sales target levels, possibly as soon as early 2008.

"We're excited that we're able to play a major role in the transformation of this fantastic
property," said John Hopfensperger, president of Direct Development. "The Rolling Mill Hill
development will become a distinctive neighborhood of which the Nashville area can be proud.

Direct Development is a development, general contractor and renovation specialty firm.
Direct is one of two developers awarded contracts for the Rolling Mill Hill project, the
other being Streuver Bros., Eccels and Rouse of Baltimore. LaSalle Bank is the lead
lender on the project, with Associated Bank serving as co-lender.