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STRONG SALES AT ALTOLIVA BY MBK HOMES


SANTA CLARITA, CA - November 5, 2003-Sales have been strong at MBK Homes new neighborhood of Altoliva in the Santa Clarita Valley's newest private master-planned community of Tesoro del Valle. As the end of the year approaches, the builder has introduced some year-end specials to provide buyers with further incentives for shopping at Altoliva. See neighborhood sales associates for details.

Situated in an extra special setting in the hills above Valencia, Altoliva overlooks the surrounding hills and valley below. With 125 single family detached homes in all, Altoliva offers three and four bedrooms, two and one-half baths, approximately 1,821 to 2,298 square feet. In keeping with the community of Tesoro del Valle's Old California character, Altoliva's classically designed Monterey, Tuscan and Spanish architecture adds the flavor and style of a romantic era. The privately gated neighborhood features its own private recreational facility with a pool and spa for all Altoliva homeowners. Prices begin in the $400,000s.

The master-planned community of Tesoro del Valle in the Santa Clarita Valley is conceived in the spirit of Old California. This nostalgic community blends the essence of its fabled history with its breathtaking views of the surrounding rolling hills and the valley below. Residents will have an opportunity to enjoy an array of community amenities, like the Tesoro del Valle Recreation Center, an Olympic-sized lap pool, resort pool and spa, tennis courts, sand volleyball court, a proposed on-site elementary school, hiking and equestrian trails, and proposed community athletic fields.

To reach Tesoro del Valle and Altoliva, take the 405 to the 5 North, exit Valencia Boulevard and turn right toward McBean Parkway. Turn left on McBean Parkway and left on Copper Hill. For more information, please call (661) 257-8885 or visit our website at www.mbkhomes.com.

MBK has established a Very Important Buyer (VIB) Registry, an exclusive priority registry for serious buyers at Altoliva. The VIB Registry is designed to ensure a fair and more streamlined sales process by eliminating stress-inducing campouts and lotteries. Learning more about the program or becoming a member is an easy process via the company's website at www.mbkhomes.com.

With its keen attention to detail, MBK Homes Ltd. is dedicated to delivering quality craftsmanship in every home it builds. 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: Berkeley in Brea, SylvanOaks in Ladera Ranch, Serrano in Rancho Cucamonga, Inverness at Vista Del Verde, San Abella at Westridge Valencia and Aldergate in Ontario. MBK Homes is planning additional neighborhoods at Briar Rose in Ladera Ranch, and Radcliffe at Amerige Heights in Fullerton.

For more information on Altoliva or any of these neighborhoods, please call (888) 943-HOME or visit the company's website at www.mbkhomes.com.

Posted on November, 3rd 2003

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