LAS VEGAS, NV (May 29, 2008) – The largest master-planned development in North Las Vegas has made considerable construction progress since breaking ground in January of 2007. At 2,675-acres, the development continues on despite the downturn in the economy and in spite of the failure of one of its original landowners to meet its financial commitments. DRHI, Inc. a subsidiary of D.R. Horton “America’s Builder” is being sued for breach of contract.

Yesterday November 2005 Land Investors, L.L.C., a Nevada limited liability company, a real estate venture among Olympia NLV Associates, L.L.C. and entities representing local homebuilders American West Homes and Astoria Homes, as well as a division of the national builder Standard Pacific Homes, together with project manager Summerset Development Services, L.L.C., filed a lawsuit against DRHI, Inc. and D.R. Horton, Inc.

The suit was prompted by the failure of DRHI to meet contractual obligations in regard to infrastructure funding said Mark E. Ferrario, Senior Partner of the Law Vegas law firm of Kummer, Kaempfer, Bonner, Renshaw & Ferrario, which has been retained as lead litigation counsel to represent the plaintiffs. “My client is concerned about DRHI’s failure to meet its financial obligations,” Ferrario added.

The other members of Park Highlands are current on their obligations to fund the development of Park Highlands and remain united in their intent to implement their vision for the project despite DRHI’s non-performance.

About Park Highlands

At 2,675-acres, Park Highlands is being developed by, among others, Olympia and Summerset, which are affiliates of the developers of the highly successful Southern Highlands master-planned community in the southern Las Vegas Valley. Park Highlands has been designed to appeal to a wide range of residents with quality home builders. Appropriately named, Park Highlands will be home to more than 425-acres of parks and recreational areas including interconnecting bike and jogging paths as well as a 300-acre preserve with four trailheads, a 40-acre Regional Sports Park plus eight neighborhood parks offering baseball and soccer fields, football, tennis, volleyball, basketball and other programmable uses. There will be tot lots, water parks and trails the whole family can enjoy.

Located just off the North 215 Beltway between Decatur Boulevard and Losee Road, the Park Highlands community will also feature its own police substation, fire station and post office. In addition, within the community, there will be five elementary schools, a middle school and a public library.

When completed, Park Highlands will boast nearly 16,000 homesites making it one of the largest master-planned communities in the Las Vegas Valley. For more information visit www.parkhighlands.com.