SOURCE: Lawyers Realty & Auction

October 25, 2007 10:06 ET

Lawyers Realty & Auction Announces Development Agreement

HALLANDALE, FL--(Marketwire - October 25, 2007) - Lawyers Realty & Auctions, Inc. today announced that it has entered into an agreement to spearhead real estate brokerage and assist in obtaining financiers for one of the largest developers in the southeast on a billion-dollar resort and casino development project in Mississippi.

The project is a multi-phased resort and casino project, with the first phase to include 150,000 sq ft of gaming area with restaurants, a conference center, and the first of two 500-room hotel operations connected to the casino.

"We look forward to assisting the post-Katrina rebuilding and expansion of Mississippi by being part of this massive project," said Lawyers Realty & Auction Partner Eleazar Kauderer. "Lawyers Realty & Auction prides itself on a commercial outlook that focuses on being involved in projects that make a difference in the community."

Mississippi has suffered from both financial and ecological devastation in the last few years, with many jobs lost. This project will help create new opportunities for employment and continue the revitalization of the area, with the assistance of Lawyers Realty & Auction.

The developer, who will be announced once funds are secured, is currently involved in 16 announced projects, many of which are based in Mississippi. Two additional projects are in the planning stages with an official announcement pending.

About Lawyers Realty & Auction, Inc.:

Lawyers Realty & Auction, Inc. was founded to provide full-service comprehensive real estate auction and brokerage services to property owners, developers, lenders, and government agencies. With combined legal, real estate brokerage, and auctioneering capabilities, the company is poised to deliver an amazingly packaged auction and brokerage experience and service.

Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

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