Dallas-based JMJ Holdings Announces New Momentum for Mixed-Use Biltmore Project.

DALLAS -- JMJ Holdings announced today that it's on a fast track with its 2,000-acre multi-use development in West Nashville. Tim Barton, President and CEO of JMJ, said, "All the pieces have come together for the Biltmore project. We've got the master plan, the infrastructure and the financing in place. Nashville is one of the most dynamic markets in the country and we envision the Biltmore plan accelerating that momentum even more. We've achieved a great blend of diverse uses that are well suited to the current market."

Pieter van de Hammen, Vice President of JMJ's European division, added, "Our investor group has been excited about the Biltmore project since they initially partnered with JMJ and they're pleased with the prospect of beginning construction. We had a clear vision of what we wanted to see in terms of quality from a European perspective and JMJ is definitely following that direction with the Biltmore."

JMJ Holdings has a reputation for locating opportunities that prove to be lucrative for both The Company and its investors and the Nashville project is no exception. Barton is pleased that it has contracted the first apartment site to Wood Company in Dallas, Texas.

The Biltmore is a mixed-use development, including townhomes, single-family and multi-family homes. JMJ is currently negotiating for joint ventures on the retail sector. Additionally, JMJ Hospitality is anticipating installation of two new hotels for the area. Barton said, "These will be great sites for hotels and we see a big need for that immediately."

He added, "JMJ is currently negotiating to purchase other large tracts in the Nashville market and we're looking forward to a long-term involvement in the area. JMJ has the capacity to move fast and commit funding quickly. This is a great market and we're looking forward to participating in the new growth Nashville offers," said Barton.

JMJ Holdings (www.jmjholdings.com) has created strategic alliances with high-profile partners to create luxury residences, multi-use commercial projects and ultra-exclusive hospitality and resort properties that cater to an upper-echelon clientele. The Company and its affiliates, JMJ Development and JMJ Hospitality, have a growing portfolio throughout the Americas, Europe and the Middle East.