SOURCE: Jordyn Taylor Properties, Inc.

March 21, 2006 08:31 ET

Jordyn Taylor Properties, Inc. Announces First Quarter Revenues of Over $1.1 Million

BOCA RATON, FL -- (MARKET WIRE) -- March 21, 2006 -- Jordyn Taylor Properties, Inc. (OTC: JTPI) is pleased to announce that the company had revenues in their fiscal first quarter ending February 28, 2006 of $1,100,599 as compared to revenues of $1,163,014 for the fiscal first quarter ending February 28, 2005.

The Company has cut their General and Administrative expenses for the fiscal first quarter ending February 28, 2006 by over 30% (or almost $1 million in annualized savings), as compared to the first quarter ending February 28, 2005. Jordyn Taylor Properties was able to decrease their General and Administrative Expenses by closing underperforming store fronts, changing its marketing platform and focusing on higher per transaction commissions by increasing sale transactions into the basic tenant placement platform. JTPI is further increasing savings by changing management compensation into a more performance-based package, relocating its corporate HQ and achieving more efficiency through advancing the use of technology in its operations.

"The Company will continue look for ways to reduce overhead, as well as increase sales through a restructuring of our compensation packages for the management teams in our store front locations, both which will increase our profitability going forward," stated William H. Luckman, CEO of Jordyn Taylor Properties, Inc.

About Jordyn Taylor Properties, Inc.

Jordyn Taylor Properties, Inc. is a full-service Real Estate Broker that specializes in residential Property Management. Jordyn Taylor Properties, Inc. opened its offices in 2001, and has quickly become one of South Florida's fastest-growing real estate companies, successfully operating 12 locations and having completed in excess of 35,000 real estate transactions since the company's inception in 2001.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than statements of historical facts, contained in this release which are not historical facts may be determined to be forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.

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