PRESS RELEASE

(For Immediate Release) 10-07-02

Great North Property Management, Inc. New England’s largest provider of condominium and homeowners Association property management announced today the grand opening of its Mt. Washington Valley Regional office in Bretton Woods, New Hampshire.

Lou Gargiulo, President & CEO of Great North said in a prepared statement that the addition of the Bretton Woods office provides the catalyst necessary in the firms further growth in the New Hampshire north country. Great North will bring to the Mt. Washington Valley the breath and depth of people, the level of experience, and the systems necessary to assist the Association Board’s in the professional management, and future planning for the Associations under Great North’s management.

It was also announced the appointment of Maggie Greenwood as Property Manager for the Mt. Washington Valley Region. Ms. Greenwood joins Great North with a wealth of association management experience, she is a lifelong north country resident, and was formally associated with the Satter Company and the Crawford Management Group. Ms. Greenwood can be reached in Bretton Woods at (603)-278-7584

Great North can now be contacted at (603)-436-4100 or (800)-639-7309 or found on the web at Greatnorth.net