CES On Staff at 1031 Corp.

Business Editors

POTTSTOWN, Pa.--(BUSINESS WIRE)--July 29, 2003

1031 Corp. is proud to announce that Margaret Mucha McDonnell, President & Chief Operating Officer, and Susan S. Umstead, Vice President - Administration, have been awarded the CES(TM) Designation offered through the Federation of Exchange Accommodators, Inc. (FEA).

The Federation of Exchange Accommodators, Inc. (FEA) is the Nation's largest trade organization comprised primarily of professional tax-deferred exchange accommodators that specialize in aiding property owners defer capital gains tax through an Internal Revenue Code Section 1031 (IRC ss.1031) exchange. With over 250 member companies that are located in every state, the FEA has served its members for over a decade as governmental advocate and liaison, educational resource, and ethics administrator.

The FEA established the voluntary CES(TM) Certification & Continuing Education Program to enhance the professionalism and expertise of its exchange industry members. Over five years of research and planning went into the development and design of the CES(TM) certification program. A CES(TM) designee possesses a certification that demonstrates to his/her clients and professional advisors that she has attained a nationally recognized professional standard of knowledge in the exchange facilitation field.

A CES(TM) designation demonstrates to a property owner considering an exchange that the professional they have chosen possesses a certain level of experience and knowledge that meets professional standards. Just as when one selects an attorney, accountant, or REALTOR(R), it's important to review the credentials of any professional advisor prior to beginning a business relationship. An exchange professional bearing the CES(TM) designation has demonstrated the high level knowledge necessary in dealing with complex tax deferred exchanges.

The FEA administered its first examination in Washington DC on May 15, 2003 which covered an array of exchange-related topics designed to challenge the candidate's knowledge of exchange rules and also their competency in performing the necessary daily activities of an exchange accommodator company. Finally, it also focuses on those ethical issues present when any third party controls the funds of another.

As a CES(TM) Designee, one is bound by the Code of Ethics of the FEA and is required to maintain twenty (20) hours of continuing education within a two (2) year period.

Margo and Sue were among the first CES(TM) Designees named by the FEA. Christina M. Scheirer, Asst. Secretary and Exchange Coordinator, is scheduled to take the examination in October, 2003.

1031 Corp., Inc., headquartered in Pottstown, Pennsylvania is a full service intermediary specializing in the facilitation of 1031 exchanges. Their experience exchange coordinators can handle even the most complex exchanges, including reverse, construction, mixed-use, multi-asset and personal property exchanges. Margo also serves as a Director of the FEA as well as the East Coast Vice President.