BEACON DEFAULT MANAGEMENT, INC. APPOINTS NEW PRESIDENT

1. BEACON DEFAULT MANAGEMENT, INC. APPOINTS NEW PRESIDENT 1888 Press Release - Industry Leader in Commercial Foreclosure Services Appoints Leading Expert to the Helm. Los Angeles, CA - Beacon Default Management, Inc. (http://www.beacondefault.com) announced today that Tina Suihkonen has been appointed president. Previously, Tina has held executive positions over the last nineteen years, most notably as the founder, president and COO of Assured Lender Services. Other key positions were held at Old Republic Title and LandAmerica (Commonwealth Land Title/Lawyers Title). Tina joins Beacon Default Management to continue the Company's success. As the pendulum swings in the commercial real estate industry (CRE) many major title insurance companies and independent trustee companies have either closed or consolidated their default service divisions. In the wake of change, Beacon continues to grow. The new default services environment has created a unique strategic opportunity for Beacon to expand the Company's geographic footprint with additional executive level members. Beacon will continue to lead the industry as "the reliable trustee company" as it grows to meet the expectations of our clients. Selina Parelskin, preceding president of Beacon, said: "Tina's wealth of experience, industry knowledge and vision has already impacted Beacon's ability to reach long term objectives. Increasing demands from our client's led us to look for additional executive leaders. We were very fortunate to find someone of Tina's caliber to fulfill this role. Tina has added Oregon, Idaho, Utah, Washington to the current states of California, Arizona and Nevada where Beacon is capable of servicing non-juridical foreclosures. This will add significant value to our clients. I am confident Tina is the very best person for the job and the new face of Beacon."

2. About Beacon Default Management, Inc. Beacon Default Management, Inc. is a trustee company providing non-judicial foreclosure services in the Western United States. Beacon's team is comprised of industry experts from commercial banking, title insurance, and loan workout experts. Beacon's understanding and experience in the industry is unparalleled. We understand CMBS loans and have strong relationships with special servicers. Complementing our CMBS niche we also handle complex individual non-performing loans and entire portfolios. Our commercial clients include special servicers, private equity firms, REITS, national and regional banks, credit unions, receivers, attorneys, and title insurance companies. Beacon works closely with Fidelity National Title, Chicago Title Insurance, First American, Old Republic, Stewart Title and other title insurance companies to provide trustee sale guarantee's (TSG's) or other title insurance products and services to our clients. Beacon's core principals are based on three precepts: knowledge, service, and technology. Contact Beacon Default Management, Inc. Erica Itskovich, Public Relations (818) 501-9800 info ( @ ) beacondefault dot com