America First Companies Adds Former STRATCOM Commander to Board.

OMAHA, Neb. -- America First Companies LLC announced that Admiral James O. Ellis, Jr. has been elected to its board of managers. Admiral Ellis recently retired as Commander, United States Strategic Command, Offutt Air Force Base. In that position, he was responsible for the global command and control of U.S. strategic forces to meet decisive national security objectives. USSTRATCOM provides a broad range of strategic capabilities and options for the President and Secretary of Defense.

Admiral Ellis is a native of South Carolina and a graduate of the U.S. Naval Academy. He was designated a Naval Aviator in 1971 and has held a variety of sea and shore assignments since 1972. He holds Master of Science degrees in Aerospace Engineering and in Aeronautical Systems. Michael Yanney, chairman of America First Companies, said, "Admiral Ellis brings a wealth of knowledge and international experience to our board. We are seeing opportunities for growth in many regions of the world, including the former Soviet Union and the Middle East, where his input will be invaluable. We are very pleased that he accepted the invitation to join our board and look forward to working with him."

America First Companies LLC is an international management company headquartered in Omaha, Nebraska. Its investment programs include multifamily real estate, student housing, military housing, food processing/packaging companies in the former Soviet Union, a financial advisory group and monetization of food aid to developing countries. For further information on the company, please visit www.am1st.com.

Information contained in this press release contains "forward-looking statements" relating to, without limitation, future performance, plans and objectives of management for future operations and projections of revenue and other financial items which can be identified by the use of forward-looking terminology such as "may," "will," "should," expect," "anticipate," "estimate," or "continue," or the negative thereof or other variations thereon or comparable terminology. Several factors with respect to such forward-looking statements, including certain risks and uncertainties, could cause actual results to differ materially from those in such forward-looking statements.