Century Golf Partners Announces the Acquisition of Silverhorn Golf Club of Texas.

SAN ANTONIO -- Century Golf Partners, along with its financial partners Walton Street Capital and Lehman Brothers, announced today the acquisition of Silverhorn Golf Club in San Antonio, Texas. The acquisition marks the 51st golf course in the Century portfolio, and its third property in San Antonio, along with the Club at Sonterra and Pecan Valley.

Silverhorn is a high-end daily fee club located in northern San Antonio, approximately 15 minutes from downtown and the River Walk, and 5 minutes from the airport. The Club offers public play on one of the finest courses in San Antonio, as well as ample facilities for banquets and tournaments.

As with all of its public courses, Century will focus on course conditioning, value and the customer experience. According to Jeff Levine, a Century Vice President who will oversee SilverhorneIUs operations, eIuSilverhorn offers an excellent layout that will be among the best conditioned courses in San Antonio. With our competitive rates, I am certain that Silverhorn customers will agree that the Club presents a compelling golf value.eIN

The Silverhorn acquisition illustrates CenturyeIUs commitment to golf in San Antonio as well as throughout the state of Texas. Century now owns 21 country clubs and daily fee courses located in Austin, Dallas, Houston and San Antonio.

Dallas-based Century Golf Partners, a golf investment company, was formed in early 2005 for the purpose of acquiring and managing country clubs, daily fee golf courses and golf resorts throughout the US. Century and its financial partners, Walton Street Capital and Lehman Brothers, have been by far the most active buyers of golf properties in the industry over the past two years. Century also owns the exclusive rights to the Arnold Palmer Golf Management brand.

The CompanyeIUs portfolio of 51 courses and 3,700 employees will generate over $150 million in total revenues during 2006. The Company is led by former ClubCorp president Jim Hinckley, Greg Adair, and former ClubCorp executives Ken Story and Larry Galloway. The senior management team has worked together over 20 years and is comprised of industry veterans who have collectively operated over 350 properties, acquired over 250 clubs and resorts, and built over 50 golf courses.

The Century principals consider themselves to be golf businessmen, not merely golf operators. In fact, the Company rarely accepts management assignments, preferring instead to put their own capital at risk as a direct investor in the properties they run. Century set forth a plan two years ago to become the most sought after partner in golf. With 51 courses already in the portfolio, a strong pipeline of opportunities, and several blue chip financial sponsors in the partnership, Century would appear to be well on its way to the next milestone.