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Indian Hill Partners Selects
Premier Properties of Southwest Florida Inc., REALTORS*
To Market West Bay Club

Naples, Florida Indian Hill Partners has selected Premier Properties of
Southwest Florida, Inc. REALTORS*' to be the exclusive marketing agent and
on-site sales representative for West Bay Club, a gated golf course
community located off South Tamiami Trail in Estero. The 860-acre community
includes 500 acres set aside as natural preserves. Premier's Developer
Services Division will oversee the project.

"We are excited to be involved with the West Bay Club project," said Todd
Kendall, Director of Premier Developer Services. "Over the past year,
Indian Hill Partners has made a substantial investment in West Bay Club and
put together an outstanding project team. This community has a very
impressive array of features and amenities and will be an attractive
addition to the Estero area."

The first of two high-rise towers named Jasmine Bay At West Bay Club will be
released for initial reservations February 15th through 25th. Jasmine Bay
overlooks Estero Bay and the Gulf of Mexico and offers the spectacular views
that are Southwest Florida's hallmark. Pricing at Jasmine Bay starts in the
$400's. West Bay Club also offers single-family homes from the $400's to
over $2 million.

"The views at Jasmine Bay are, of course, spectacular," said Premier
Developer Services Project Manager Rich Grimes. "What I find to be even
more spectacular are the amenities found throughout the West Bay Club
community. From golf, to dining, boating, fitness and a private beach club,
the residents of West Bay Club will have everything right at their
fingertips. I'm looking forward to working with the project team to
represent a community of this caliber."

Amenities available to West Bay Club residents include the following:

* An 18 hole Pete and P.B. Dye Golf Course.

* The Golf House, a 32,000 square foot clubhouse facility that will be
completed this spring.

* The Niblick Inn, a "19th hole" restaurant and bar that will be
completed in February, 2005.

* The Bay House, an ultra-modern community center that includes a bar
& grill, fitness center, massage rooms, locker rooms, Junior Olympic-size
swimming pool, a separate children's pool, a covered spa and six Har-Tru
tennis courts.

* The Beach House, a private club on Little Hickory Island with an
85-seat restaurant and bar.

* River Park, a community park located directly on the Estero River.
The Park includes a boat launch leading to Estero Bay and the Gulf of
Mexico, a children's playground, lighted basketball courts, an all-purpose
sports field and a 1.5 mile, 12-station Vita Course.

The West Bay Club Sales Center is located at 22050 South Tamiami Trail in
Estero. The Sales Center phone number is 239-948-9009. Visit the West Bay
Club on-line at westbayclub.com.

Premier Properties Developer Services is a division of Premier Properties of
Southwest Florida, Inc. REALTORS*, and provides developers with
comprehensive project consultation, marketing and sales representation
services. Projects brought to market by Developer Services include Naples
Bay Resort, Andalucia, Madeira at Marco Island, The Esplanade at Marco
Island, Charleston Square, Terrabella at Pelican Marsh, Bonita Village,
Ruffina, Sancerre and others. Premier Properties is a Naples based
brokerage that specializes in luxury residential sales, residential rentals
and commercial property sales and leasing. Premier Properties is a division
of The Lutgert Companies.

Premier Properties' offices are located in the Village on Venetian Bay at
4300 Gulf Shore Boulevard; at 390 Broad Avenue in Old Naples; at Bayfront in
downtown Naples; at 776 5th Avenue South in Naples; in The Gallery of Real
Estate at the Northern Trust Bank on Tamiami Trail; at The Registry on
Seagate Drive; in North Naples at 325 Vanderbilt Beach Road; and on Marco
Island at Esplanade and The Promenade at Bonita Bay Commons. Premier
Properties' commercial division is located at 3960 Via del Rey in Bonita
Springs.

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