DENVER, Dec. 3, 2004 (PRIMEZONE) -- Across America Real Estate Development (Pink Sheets:AARD), a national publicly traded company that is a developer partner offering 100% financing for build-to-suit real estate projects and financing for those transactions where a bank requires developer equity, announced the appointment of Charles J. Berling as Executive Vice President and Managing Director of Operations. Mr. Berling will be responsible for due diligence and coordination of AARD's real estate projects and will provide a national perspective as well as operational expertise in the Company's on going build-to-suit program.
"We are pleased that a senior industry expert like Chuck Berling has joined our management team," said Alex Lagerborg, President and CEO of AARD. "His extensive experience will be instrumental as we continue to execute our business plan. AARD is dedicated to enhancing our management team with executives of Chuck's caliber as Across America Real Estate Development positions itself to be a leader in bringing expertise as well as funding to the small box real estate development business."
Mr. Berling was formerly the Director of Real Estate for All Terrain Property Funds. Mr. Berling serves as a member of the board of directors of Matrix Capital Bank. He is a full member of the Urban Land Institute and the University of Colorado Real Estate Council. Chuck formerly served as a senior executive with Homart Development Co., Glacier Park Co. and Beta West Properties. Chuck is a graduate of Princeton University. Chuck has a strong track record of proven business leadership with major corporations and extensive experience in real estate and finance which will provide added depth to AARD.
Mr. Berling is and will remain a board member of AARD.
This press release can also contain certain information about AARD' business prospects and financial projections. These are only prospects and projections based upon good faith current expectations of the management of AARD. This information is based on assumptions as to future events that are inherently uncertain and subjective. AARD makes no representation or warranty as to the attainability of such assumptions or as to whether future results will occur as projected. You are expected to conduct your own investigation with regard to AARD and its prospects.
Additional information can be found at the Company's web site at www.aard.us . Copies may also be obtained by contacting Across America's offices at 303-468-3974. The company assumes no obligation to update the information in this press release.