DYL GROUP ANNOUNCES NEWEST PROJECT:
INFINITY II LOFTS AT BRICKELL

MIAMI, FL (October 31, 2006) - The development team behind Infinity at Brickell has announced plans for their second tower, Infinity II Lofts at Brickell, the first all-loft luxury condominium in Miami's dynamic, urban lifestyle neighborhood, and the Brickell area's second-tallest residential building.
     Infinity II Lofts at Brickell will feature the chic, contemporary design of the first tower, and will soar 69 stories above ground, with 559 one, two and three-bedroom, all-loft residences from 904 to more than 4,600 square feet. The project will also include office condominiums ranging in size from 504 to 2,059 square feet, as well as ground-floor retail space. Prices range from the low $500s to more than $2.5 million.
     "Miami continues to draw sophisticated buyers from around the world who want to partake in the city's rich assortment of business and cultural opportunities," said John Yanopoulos, president and CEO of DYL Group. "We've designed Infinity II Lofts at Brickell to match the best residential buildings found internationally, and to let future city dwellers know that a five-star urban lifestyle awaits them, whether they are looking for a primary residence or a second or third home."
     In response to the slowing market and as evidence of their solid financial backing, Yanopoulos also announced an unprecedented incentive for brokers. DYL will provide 50% of the broker commission at contract, and 50% when the construction loan is secured - usually shortly after groundbreaking - rather than the traditional commission distribution.
     Typically, the broker has to wait to receive the full commission until after the building is completed and individual contracts are closed, which in some cases could be anywhere from one to three years depending on the project. Brokers who sell Infinity II will receive the full commission after the project breaks ground, approximately two years before completion.
     "Our broker program was designed to emphasize the fact that this project has been undertaken by a financially strong, established development organization," said Yanopoulos. "Combined with the lavish nature of the unique property, we have a truly solid project."
     Added Vanessa Moya, Director of Sales for Infinity II: "We are confident that this program will emphasize DYL's commitment to Infinity II Lofts at Brickell, as well as underline the company's ability to develop a project of this magnitude. DYL has a history of successful development and is one of the few companies that has the means to offer this."
     Interior amenities include a spacious lobby with two-story walls of glass, spectacular beach-style entry pools, a recreational pool and two spas, state-of-the-art fitness center, elegant club room, entertainment and meeting rooms, and two restaurants - a rooftop restaurant and bar as well as one on the ground floor. Infinity II will also offer around-the-clock concierge, valet and doorman services.
     Residence amenities will include dramatic ceilings of up to 20 feet, expansive glass walls with spectacular vistas, private wrap-around terraces, spacious walk-in closets and gourmet kitchens that feature imported Italian cabinetry, polished granite countertops, and top-of-the-line stainless steel appliances.
Reinaldo Borges of Borges + Associates is the architect of record and Perkins + Will will handle interior design.
     Groundbreaking is scheduled for spring 2007, with completion anticipated in late 2009. For more information, visit the on-site sales center at 1300 South Miami Avenue, call (305) 400-6144, or visit www.InfinityIIcondos.com.
     Based in South Florida with corporate offices in both Miami and Fort Lauderdale, DYL Group specializes in the development of hotels, resorts, luxury high-rises, residential condominiums, and retail and mixed-use projects. Its principals have strong track records building exceptionally attractive, functional and highly successful projects that are appropriate to their locale and are innovative to the market. Notable projects in DYL's growing portfolio include Infinity at Brickell and its sister tower, Infinity II Lofts at Brickell. Also under the DYL umbrella is the recently completed luxury oceanfront condominium Europa-by-the-sea in Lauderdale-by-the-Sea and the W Fort Lauderdale Hotel and Residences, the first W brand hotel condominium in Florida, presently under construction. With multiple projects planned for development both nationally and internationally, DYL draws upon its own established core capital funds for the expansion of its real estate portfolio.