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SALES CENTER NOW OPENING FOR SERRANO
AT RANCHO ETIWANDA BY MBK HOMES


RANCHO CUCAMONGA, CA--April 25, 2002--MBK Homes is now preparing to open the sales center for its new neighborhood, Serrano at Rancho Etiwanda. Pre-sales are anticipated to begin early June 2002.

Located in the foothills of Rancho Cucamonga, Serrano will offer homebuyers a choice of four floorplan designs measuring approximately 2,862 to 3,787 square feet in size with up to five bedrooms, three baths and four-car tandem garages. Architectural styles include Ranch, Country, Bungalow, Santa Barbara and San Juan.

The Serrano sales center will allow homebuyers to preview floorplan and architectural designs as well as receive preliminary pricing for the homes before the neighborhood's official model grand opening this summer.

Since announcing plans to introduce a family-friendly collection of homes in Rancho Etiwanda, MBK Homes has received a positive response from potential homebuyers and the Serrano interest list continues to grow.

Such enthusiasm can be equated to the quality homes MBK has a reputation for building and, more particularly, the exceptional value Serrano promises to offer.

"We've put a lot of time and thought into the design of the neighborhood and the homes," remarked Tim Kane, Vice President of Sales and Marketing for MBK Homes. "From the included amenities to the color of all materials and the inclusion of warm front porches, everything at Serrano has been thoroughly planned for--no detail has been overlooked. We look forward to the day homebuyers get to experience Serrano for themselves."

With pre-sales scheduled for early June 2002 followed by the model grand opening late summer 2002, that day will come soon enough. Buyers are encouraged to call Serrano neighborhood Sales Manager Kevin Lawrence or Sales Associate Gloria Aguilar at (909) 899-1100 to receive more information and become a member the Serrano interest list. Prices for the homes are expected to begin in the low $300,000s.

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 and super family room.

Serrano at Rancho Etiwanda will be located in the city of Rancho Cucamonga. 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.

Future Serrano homeowners will enjoy a shorter commute to Pasadena and other cities in the San Gabriel Valley area with the new expansion of the 30 Freeway. 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 April, 25th 2002

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