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Jack Nicklaus Signature Golf Course at Bayside Reviewed

OCEAN VIEW, DE. July 26, 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 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. During this visit, Mr. Nicklaus approved the final shaping for many of the holes on this resort course.

“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.

“Bayside is the most exciting golf resort community we have designed to date and our customers agree -- with over 240 homes sold in just 30 days,” said Joshua M. Freeman, president of Carl M. Freeman Companies. “There is nothing else like it. No other community offers the variety of choice in home types, home styles, amenities and locations that is available at Bayside.”

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. The Bayside Welcome Center is open 7 days a week from 9:00 AM – 5:00 PM. Information is also available 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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