Florida East Coast Industries, Inc. Announces Earnings Conference Call.

Business Editors

ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Oct. 22, 2002

Florida East Coast Industries, Inc. (FECI), (NYSE:FLA) (NYSE:FLA.b), will hold its quarterly conference call to discuss third quarter results on Wednesday, November 6, 2002, at 10:00 a.m. Eastern Time (ET) (9 a.m. Central Time).

The call is being webcast by CCBN and can be accessed at www.feci.com. The dial-in number for the call is 877/679-9055. A replay of the call will be available approximately 2 hours after completion of the call on the company website and at 800/615-3210, access code 6236695, until November 13, 2002 at 11:59 pm ET.

About Florida East Coast Industries, Inc.

Florida East Coast Industries, Inc., headquartered in St. Augustine, Fla., conducts operations through four wholly owned subsidiaries, Flagler Development Company (Flagler), Florida East Coast Railway, L.L.C. (FECR), Florida Express Carriers, Inc. (FLX) and EPIK Communications Incorporated (EPIK). Flagler owns, develops leases and manages 6.9 million square feet of commercial and industrial space, and owns approximately 966 acres of entitled land and 13,300 acres of additional Florida properties. FECR is a regional freight railroad that operates 351 miles of main line track from Jacksonville to Miami. FLX provides intermodal service in conjunction with FECR. EPIK, based in Orlando, Fla., is a carriers' carrier that provides bandwidth capacity, dark fiber leases and collocation services to telecommunication providers. For more information, visit the Company's Web site at http://www.feci.com.