GRAND OPENING CONTINUES WITH SPECIAL INCENTIVES!

TOWN OF CHENANGO, NY, May 7, 2004 – More than 50 couples turned out for the Grand Opening celebration, including several existing homeowners. The couples browsed through an exquisitely furnished sales center complete with a design studio. Customer's previewed the communities exciting new floor plans and exterior elevations.

"The community is attracting both couples with children and empty nesters alike. Its prime location, 'country yet close' is a magnet to people with a busy lifestyle," comments Christine Gresham.

Homes at Poplar Hill Estates are offered with 5 different floor plans and 15 unique exterior elevations. Additional floor plans are in the design stage, including a ranch model and a two-story plan with a first floor master bedroom suite. Purchasers are able to select one of the unique Poplar Hill floor plans or have the builder construct a plan of their choice. Premium standard amenities include hardwood flooring in the dining room, ceramic tile in the foyer, 9-foot first floor ceilings and gourmet kitchens with rich wood cabinetry and optional island. Marvin windows, Kohler fixtures and Delta faucets are all part of the standard package.

Some models feature a partial stone or brick front, 3-car garage, two zone heating and air conditioning and a wooded lot. All lots feature public water and sewer and natural gas for heating, cooking and hot water. Pricing ranges from $359,990 for the Maplewood model to $443,990 for the Aspen model which features a stone front and wrap around country porch. Pricing includes the lot of your choice.

As a continuation of the Grand Opening celebration, buyers can now benefit from a $5,000 savings coupon good toward premium design studio options such as solid surface countertops, brick or stone exterior accents, exterior landscape packages and much more when they contract to purchase a new home by May 30, 2004.

The Sales Center is open Saturdays and Sundays from 12 to 4pm and Monday through Friday by appointment. For additional information, please call the Sales Center at (607) 648-9000. To visit, take Route 17 to Route 81 north to Route 88 east towards Albany. Take Exit 2 – Chenango Bridge / Route 12 A. At the light, turn left and cross both bridges. Bear right towards Kattelville Road. At the first light, make a right onto River Road. Make a left onto Poplar Hill Road and a left onto Hemlock Lane to the Sales Center. Visit us on-line at www.diversifiedproperties.biz!