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LOCATION, VALUE AND QUALITY HOMES MAKE SERRANO AN INLAND EMPIRE HIT


RANCHO CUCAMONGA, CA––June 12, 2002––Located among the foothills of Rancho Cucamonga, Serrano at Rancho Etiwanda will offer homebuyers upscale living and value that's unmatched in the Inland Empire. The neighborhood's sales center is now open.

In response to the high standards of homebuyers, MBK Homes has put careful thought into the design of the homes at Serrano. Measuring approximately 2,862 to 3,980 square feet in size, the homes will not only feature an ample amount of functional living space, but also eye-catching architectural styling and upgraded amenities that come standard with the sales price.

"We make every effort to understand the level of sophistication and quality that today's homebuyers are looking for in a new home," remarked Stefan Markowitz, President of MBK Homes. "We have taken this into consideration during every step of the planning stages of Serrano and as a result, this collection of impeccably-designed homes will offer buyers upscale living that's definitely within reach."

Priced from just the mid $300,000s, Serrano features three two-story floorplan designs with up to five bedrooms, three baths and four-car tandem garages. All homes will include spacious family rooms, gourmet kitchens with spacious center islands and ample breakfast nooks as well as formal living and dining areas.

Architectural styles include Ranch, Country, Bungalow, Santa Barbara and San Juan and the homes are marked with features such as deep front porches, wrap-around porches and side entryways which vary per plan to create an inviting street scene.

As the Serrano Interest List continues to grow, interested homebuyers are encouraged to join the Serrano Interest List by calling Neighborhood Sales Manager Kevin Lawrence or Neighborhood Sales Associate Gloria Aguilar at (909) 899-1100.

As a member of the Serrano Interest List prospective buyers are eligible to become a member of the Serrano Very Important Homebuyer Program. Membership in the program will ensure that enrolled homebuyers receive preferential treatment when choosing a homesite and also enjoy advanced access to important information including previews, tours, grand openings and new phase releases dates and pricing.

Plan One, Primrose, will measure approximately 2,862 square feet in size. This home will feature three bedrooms, two baths and powder room, den, loft and three-car attached garage. Options will include fourth bedroom and fifth bedroom with full bath.

Plan Two, Larkspur, will be available with two different entry variations: a front entry and a side entry. Measuring approximately 3,156 square feet in size, this home will feature three bedrooms, two baths and powder room, den, loft and three-car attached garage. Options include fourth bedroom with full bath, fifth bedroom and master retreat.

Plan Three, Heliotrope, will encompass approximately 3,227 square feet of space and will feature three bedrooms, two baths and powder room, den, loft and three-car attached garage. Options will include fourth bedroom and fifth bedroom with full bath.

Plan Four, Stellaria, will be Serrano's largest home measuring approximately 3,787 square feet in size. It will feature four bedrooms, two baths and powder room, den, loft and four-car tandem garage. Available option will include a fifth bedroom with full bath, fifth bedroom suite with full bath, sixth bedroom, super family room and three-car garage, which expands the living area to approximately 3,980 square feet.

Serrano at Rancho Etiwanda will be located in the city of Rancho Cucamonga, which was recently rated the eleventh safest city in the United States by Money Magazine. Rancho Cucamonga will offer Serrano residents convenient access to the Ontario Airport, the Ontario Mills shopping mall, local wineries, the California Speedway and some of the best schools in the Inland Empire.

Serrano homeowners will soon enjoy a shorter commute to Pasadena and other cities in the San Gabriel Valley area with the new expansion of the 210/30 Freeway, anticipated to open fall 2002. Access to the new freeway is minutes from Serrano.

With its keen attention to detail, MBK Homes Ltd. is dedicated to delivering superior craftsmanship in every home it builds. MBK chooses its locations carefully, building its neighborhoods in family-oriented communities within well-respected school districts. Strengthened by the reputation and financial stability of its' parent company, Mitsui & Co., Ltd., MBK Homes is committed to providing its customers with the best value their homebuying dollar can buy and to building homes to last a lifetime.

MBK Homes continues to expand its homebuilding activities in some of Southern California's most desirable locations. MBK neighborhoods include: Wisteria in The Corona Valley, Saratoga at Hillcrest in Castaic, Heritage and Traditions at The Oaks in Murrieta and HighPointe at Eagle Glen. Coming soon: Westridge at Valencia in the Santa Clarita Valley, Berkeley in Brea and Inverness at Vista Del Verde in Yorba Linda. For more information on any of these communities, please call (888) 943-HOMES or visit the company's website at www.mbkhomes.com.

Posted on June, 12th 2002

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