BLT SOLUTIONS -- a New Resource for Lenders with Troubled Assets

NORWALK, CT - (November 10, 2008) Building and Land Technology announced today the formation of a special division that will provide full real estate services to the financial services sector with the goal of maximizing liquidity and value of troubled real estate assets and loans of all types and all stages of development.

Headquartered at the firm's Norwalk office, BLT Solutions, as the division is called, will leverage BLT's executive team that includes experts from all facets of the real estate industry: acquisitions, entitlements, development, construction, financing, property management, leasing, sales and accounting.

"We have the proven experience," stated Carl R. Kuehner, III, President and CEO of Building and Land Technology, "having been through previous challenging real estate cycles, and are in a unique position to handle projects as small as completing single family homes to as large as purchasing or building out multi-billion dollar mixed-use commercial developments".

BLT Solutions' services will be custom-tailored to each financial institution's unique requirements. Following portfolio analysis and due diligence, BLT Solutions will make a recommendation from a host of options that might include build-out, lease and hold, traditional sale, bulk sale or auction. Assets can range from single and multi-family homes, to subdivisions, raw land, office buildings, retail centers, industrial parks and mixed-use projects throughout the New York metropolitan area with consideration given to special opportunities located elsewhere in the United States.

"Our reputation, significant liquidity and ability to quickly execute make BLT Solutions a smart choice", according to Paul J. Kuehner, Chief Financial Officer, "for the financial services sector to hire or partner with in maximizing their non-performing assets".

About Building and Land Technology
A second-generation real estate development company, Norwalk-based Building and Land Technology www.BLToffice.com has completed ventures worth more than $3 billion including over 4 million square feet of commercial development and 4,000+ residential units. BLT trophy properties host the headquarters for Gen Re, GE Commercial Finance, Diageo, GE Real Estate, Xerox, GE Energy Financial Services, IMS Health and Hewitt.

For additional information, please contact Lisa Randazzo, 203-846-1900 x1510 or email lisa@BLToffice.com.