WILLIAM PITT SOTHEBY'S INTERNATIONAL REALTY ANNOUNCES A NEW PARTNERSHIP!

STAMFORD, CT - (November 24, 2008) William Pitt Sotheby's International Realty (WPSIR), one of Connecticut's most respected real estate brokerage firms is pleased to announce today that it has partnered with Building and Land Technology (BLT).

The firm's principals (WPSIR), L. Casey Jones and Paul E. Breunich, reported that BLT has taken a private equity stake in William Pitt Sotheby's International Realty.

"This is a win-win for everyone involved", according to Casey Jones. "BLT understands this market and their financial backing of our brokerage company sends a tremendously upbeat and positive message at a critical time to our family of realtors who have a passion for excellence and a commitment to delivering unsurpassed real estate service."

"This is really strategic co-branding at its best," added Breunich. "We now have a partnership that will help us reach new clients as well as attract the area's best performing sales associates. Without question, the association with BLT provides us with the foundation to be bigger, better and get to a higher level of performance!"

"The William Pitt Sotheby's International Realty organization has a well regarded name in Connecticut real estate," said Carl R. Kuehner, III, President and CEO of Building and Land Technology. "We feel that our financial participation and business pipeline will allow the 'best brand' to be the most financially stable residential brokerage firm in the state."

About William Pitt Sotheby's International Realty
One of the top-producing real estate firms in the nation, William Pitt Sotheby's International Realty www.WPSIR.com accounted for more than $2 billion in closed sales volume in 2007. The firm has approximately 700 sales associates in 22 offices throughout Connecticut from Stamford to Stonington along the coast and north to Danbury. A full-service real estate company, the firm has almost 60 years of experience with residential, insurance, mortgage services, rental, relocation, luxury home and new construction divisions.

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 Casey Jones or Paul Breunich, 203.327.5353 CASEYJONES@WPSIR.com, PBREUNICH @ WPSIR.com