SOURCE: Heritage Garage Builders, Inc.

June 10, 2005 11:40 ET

Heritage Garage Builders, Inc. Credited With Impact on Decline in Tippecanoe County Unemployment Rate

According to the Indiana Department of Workforce Development, Tippecanoe County's Jobless Rate Dropped to 4.5% in April, After Spending Three Months Above the 5.0% Mark

WEST LEBANON, IN -- (MARKET WIRE) -- June 10, 2005 -- Heritage Garage Builders, Inc. ("Heritage") today commented on the report by the Indiana Department of Workforce Development as reported in yesterday's Journal and Courier.

A report released Wednesday by the Indiana Department of Workforce Development shows joblessness in Tippecanoe County dropped to 4.5% in April, after three months above 5.0%. Indiana's unemployment rate declined from 5.6% in March to 5.4% in April. This is lower than the 5.6% rate in Kentucky, 5.9% in Illinois, 6.1% in Ohio, and 7.0% in Michigan. The U.S. unemployment rate for April was 5.2%.

As reported by Max Showalter, Journal and Courier, June 9, 2005:

Only six of Indiana's 92 counties had lower rates than Warren County, which is beginning to see jobs created at Heritage Garage Builders, Inc., a West Lebanon maker of prefabricated garage buildings.

"That shows the relevance of the strong and diverse economy the Lafayette area has," said Kip Chase, a spokesman for the state agency. He notes the Tippecanoe County unemployment rate in April 2004 was 3.9 percent. "The year-on-year change is less than a point."

"We're beginning to move forward. We have six employees and climbing," said Jerry Bullock, Heritage's Executive Vice President. "A couple of years down the road we'll be running with 60 to 70 people. I expect we'll be one-third to 40 percent there by the end of this year."

Heritage launched its operations earlier this year, and strives to become the regional leader in off-site built pre-fabricated structures, including garages and cabins.

About Heritage Garage Builders, Inc., www.heritagegarages.com: Heritage designs, manufactures, and sells durable off-site built pre-fabricated garages and other custom structures through a dealer and retail network throughout the Midwestern states.

About NNN Group, Inc., www.nnn.net: NNN provides Heritage with real estate management and advisory services.

About Crivello Group, LLC, www.crivello.com: CG is a strategic advisor and partner to distressed and emerging companies. CG provides financing and strategic consulting services to Heritage. CG's solutions for distressed or emerging company that include:

--  Stabilization
--  Capital & Debt Alternatives
--  Staff, Boards, and Professionals
--  Divestiture & Dissolution
--  Plan of Restructuring or Reorganization
    
Safe Harbor Statement Under the Private Securities Litigation Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of Heritage or CG could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.

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