SOURCE: Andros Isle Development Corp

September 27, 2005 01:10 ET

Andros Isle Development Corp Updates Investors on the Commercial Finance Group

LAS VEGAS, NV -- (MARKET WIRE) -- September 27, 2005 --Andros Isle Development Corp (OTC: AVPJ) proudly announces that its recently launched AIDC Commercial Finance Group has built a loan pipeline of over $140 million dollars in projects in the first three weeks of operation. This greatly exceeds the company's stated goal for the division of $25MM in new loans per month. And sets a firm ground for the newly launched division to build from.

K. Max Williamson, Senior Vice President of Commercial Finance, stated, "We have been having extraordinary success with this new division. Our preliminary assessments of the division suggest that AIDC Commercial Finance Group should add $0.05-$0.07 to the company's fourth quarter earnings. And this outpaces our initial projections of a $0.01-$0.03 net positive effect on fourth quarter earnings."

Andros Isle CEO Donald Harper said, "I could not be more pleased with the strides that we have made in the Commercial Finance Group, and I look forward to continued strength and growth in that portion of our business."

About Andros Isle Development Corp.

Andros Isle Development Corporation (OTC: AVPJ) is a publicly traded real estate development company that specializes in the acquisition and development of luxury resorts in the Caribbean Basin, and in converting luxury hotels into Condo Hotels, a concept that has gained popularity in many international vacation resorts.

The company's principal objective is sustainable, long-term growth in earnings through the development and re-sale of luxury resort properties.

'Safe Harbor' statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.

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