SOURCE: Falcon Ridge Development, Inc.

July 19, 2007 06:30 ET

Falcon Ridge Financial, LLC, a Wholly Owned Subsidiary of Falcon Ridge Development, Inc., Announces That It Is Processing Ten Mortgage Applications for the Month of July 2007

Falcon Staff, Along With Its Lenders, Are Moving Quickly to Consummate the Qualifying and Closing of These Applications

ALBUQUERQUE, NM--(Marketwire - July 19, 2007) - On May 25, 2007 the State of New Mexico approved and licensed Falcon Ridge Financial, LLC to broker mortgage loans in New Mexico.

The company is marketing their mortgage services to the general public, as well as to Falcon Ridge home buyers. They are currently offering both new mortgages and refinance loans at competitive rates. Mrs. Julie Kruger is Vice President and Broker/Manager of Falcon Ridge Financial, LLC and she is responsible for overseeing the day-to-day operations for the Financial Division. The company is very excited about the number and quality of these applications, especially since this is the first full month of operations for Falcon Financial.

Ms. Kruger explains the quick start up to the Falcon Ridge Financial applications, "This type of volume in the first month of operations indicates to the ability of our loan officers and staff to generate business. As the market adjusts for the future, all mortgage professionals must embrace and adapt to these changes to find success. At Falcon Ridge Financial, we stress staying current with the program and guideline changes as they occur; thus we can be proactive with our customers and strive to provide superior service. In anticipation of market changes, Falcon Ridge continues to evolve so we can provide a variety of mortgage loan products backed by exceptional service."

Mr. Montano, CEO of Falcon Ridge Development, further explains, "Mortgage rates are still affordable and with the number of homeowners seeking a refinance out of an adjustable rate mortgage, we see an opportunity to gain market share. This, combined with our recent agreement with Global Media Fund to create and implement a year long media campaign, should create a solid base of mortgage business for the company."

Falcon Ridge Financial was created to work in tandem with Falcon Ridge Development, Inc. (OTCBB: FCNR), and its licensing and incorporation documents were completed in May 2007. Falcon Ridge Development, Inc. was founded in May 2005 by President and CEO Fred Montano and CFO Karen Duran.

Falcon Ridge Development's community home projects are tailored to the needs of a community in terms of attractiveness and function; efficiency, environmental-friendliness, and good corporate citizenry. Their most recent project initiative is Spanish Trails, a residential subdivision of approximately 530+/- single-family home lots, located on the outskirts of Belen, New Mexico. Spanish Trails is designed to be an interconnected neighborhood with curved, meandering streets, landscaped jogging/walking paths, and pocket parks. To the extent we are able to feasibly add features to our communities such as waste treatment facilities, effluent irrigation systems, power generation and wireless communications we will do so.

About Falcon Ridge Development, Inc.

Falcon Ridge is an integrated full service real estate company bringing together the processes of land development and home ownership for a unique custumer experience.

For more information about Falcon Ridge Development, Inc., and their financial division, please call the shareholder line Steven Becker 702-386-5379 or visit our web site www.Falconridgedev.com.

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