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Jack Nicklaus Signature Golf Course at Bayside Progresses

OCEAN VIEW, DE. May 13, 2004 – Carl M. Freeman Companies today announced their progress on their Jack Nicklaus Signature Golf Course at Bayside, a master-planned community near Fenwick Island, Delaware.

Jack Nicklaus Signature Golf Course

Mr. Nicklaus reviewed the progress for his waterfront Jack Nicklaus Signature Golf Course after visiting the Bayside location where the course is being built and walking several of the holes that are under construction. “Golfers at Bayside will enjoy three distinctly different golf experiences all in one golf course,” said Jack Nicklaus, golf course designer. “Some holes will be richly tree-lined, others will wind through marshland and still others will boast wide-open fairways.”

The course will be semi-private offering a limited number of memberships as well as daily use play. The over 7,000 yard championship length course will offer multiple sets of tees for all skill levels. Dramatic landforms and bunkering along with a variety of turf grasses framing the greens will make this course unique in the area. It is expected to open in the Summer of 2005.

“We are pleased to continue our efforts to help establish this region as a golf destination and partnering with Jack Nicklaus on Bayside does just that,” said Joshua M. Freeman, president of Carl M. Freeman Companies. “Bayside is the most exciting golf resort community we have designed to date and we believe there will be nothing like it on the Delmarva Peninsula.”

Bayside is a master-planned community located off Route 54 just west of Fenwick Island, Delaware. It will consist of a mix of home types and a variety of recreational amenities. Its unique town center will host retail and office space. Designed with over 50% open space, it favors the protection of natural resources. Home sales are expected to be available in the Summer of 2004. Information is on-line at www.livebayside.com.

Carl M. Freeman Companies are dedicated to developing commercial, golf, residential and resort communities where people live better. Information is available at www.freemancompanies.com.

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