Corporate Profile for America First Companies, dated Friday, June 14, 2002.

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Published Date:   6/14/02

Company Name:     America First Companies

Address:          1004 Farnam Street, Suite 400
                  Omaha, NE  68102

Main Telephone
 Number:          402/444-1630

Internet Home
 Page Address
  (URL)           www.am1st.com

Chief Executive
 Officer:         Lisa Y. Roskens

Chief Financial
 Officer:         Mark A. Hiatt

Investor Relations
 Contact:         Sara Jensen
 Business number: 402/444-1630
 E-mail address:  [e-mail]

Public Relations
 Contact:         Cheri Tillman
 Business number: 402/444-1630
 E-mail address:  [e-mail]

Industry:         Real Estate, Emerging Markets, Money Management,
                     Property Management

Trading Symbol/
 Exchange:        APROZ, ATAXZ, AFREZ/Nasdaq

Market Makers:    n/a

Company description: Since its founding in 1984, the company has sponsored funds, both private and public with total assets in excess of $3.6 billion and has served more than 100,000 investors.

Our first offerings were based on opportunities found in the multifamily real estate industry and changes in government financing policies in the 1980's. Beginning with two portfolios of deeply discounted government guaranteed mortgages purchased at auction, America First's real estate portfolio grew to include mortgages and/or equity positions in more than 145 multifamily real estate projects. Our public offerings have provided unique financing mechanisms for tax-exempt and government agency-backed mortgages. We have a strong track record in management, financing, acquisition and disposition of real estate.

In 1987, when the American banking and savings and loan industry was in a shambles, America First offered the only public investment vehicle that had the express purpose of acquiring a distressed savings and loan from the FSLIC. The fund, America First Financial Fund 1987-A acquired Eureka Federal Savings and Loan and Stanford Savings and Loan, successfully managed them as EurekaBank and, in 1992, sold the bank at a substantial profit for our investors and for the government.

With the fall of the Iron Curtain, America First recognized an urgent need for investment in the agribusiness/food processing sector in the former Soviet Union (FSU). Agribusiness Partners International (API) was formed, with a guarantee from a U.S. government agency insuring its limited partners against loss. API is one of very few investment funds that has been successful in acquiring and managing a portfolio of agribusiness/food processing companies throughout the FSU.