CLIENT:          MG GROUP
SUBJECT:      OUTLOOK 2004 STORY
CONTACT:     STAN LEMOND (JILLETTE)
RELEASE:      332-NR-005
DATE:             1/04

THE MG GROUP ENJOYS HEALTHY SALES AT MONMOUTH COUNTY LUXURY COMMUNITIES AND IS POISED FOR FUTURE GROWTH IN MIDDLESEX COUNTY

     The MG Group, Monmouth County's premier builder of semi-custom homes, continues to offer an exceptional selection of upscale, semi-custom homes tastefully suited to discerning buyers. According to Irwin Nudelman, a company principal, the Colts Neck (NJ)-based homebuilder has enjoyed consistent sales success at its Monmouth County communities thanks to their spacious, luxurious homes and prime locations. Nudelman also notes that the opening of a new 14-home enclave in South Brunswick in Middlesex County is also planned for this year.

"Buyers at exquisite Ardena Acres at Aldrich Woods and Ardena Acres at Crystal Creek, both in Howell Township, and at Battleground Estates at Freehold, enjoy utmost quality of life both inside their home as well as outside in their community," explains Nudelman.  "Families benefit from impeccable living space of up to 5,000 square feet or more nestled on private wooded homesites stretching to five acres.  All this luxury is set right near a wealth of area conveniences that make their busy lives complete."

Nudelman also notes that many MG Group customers are those who already hail from Monmouth County but want to move up to a larger and more luxurious home in the area. "People love Monmouth County for its outstanding schools, easy access to major highways and public transportation to Manhattan, plus convenience to beautiful beaches, diverse shopping and recreation.  Put simply, they want to stay here, yet rather than reinvest their equity into additions and renovations, they recognize the value in a brand new dream home that's already equipped with an opulent state-of-the-art kitchen, designer baths,
vaulted ceilings, ample closets, flexible floor plans and so much more."

With communities priced from the upper $400's to the low $600’s, the distinctive five and six-bedroom homes at Ardena Acres at Aldrich Woods, Ardena Acres at Crystal Creek and Battleground Estates at Freehold boast many exciting features that include brick and stone fronts, grand foyers with dramatic stairways, princess suites with private baths, first-floor au-pair suites with private sitting rooms, offices off bedrooms, full basements plus two- or three-car garages. While homebuyers can choose from eight elegant, expansive home designs in various elevations, they can also personalize their homes with veratile floorplans that lend themselves to easy customization and incorporation of options.  The 16 splendid homes at Ardena Acres at Aldrich Woods sit just half mile from Route 9 and two miles from Route 195.  Potential homebuyers can visit a fully decorated Greenwich model with five bedrooms that include a spacious master suite with separate sitting room, three ceramic tile full baths, a large gourmet center island kitchen, plus 2-zone HVAC.

Ardena Acres at Crystal Creek is just as appealing with 31 secluded estate-caliber homes priced from the low $600’s and a prestigious location near Colts Neck.  Among the innovative homes designs is the popular, beautifully-detailed Hampton model, ideal for grand entertaining or casual relaxation with its sunken living room, library, sunken two-story family room and other impressive features. Battleground Estates at Freehold's 11 estate residences, which start in the low $600's, are epitomized by sophisticated living on two- to five-acre wooded homesites and offer many standard upscale amenities that would otherwise be sold as options.

"We are extremely pleased with the positive response we receive when families with young children, our main buyer group, see how much home they can get for their money at our communities," adds Nudelman.  "Our homes truly speak for themselves, and we are proud to offer the high-quality homes and locations our customers demand."  Though The MG Group concentrates mainly in western Monmouth County, its communities in other areas of New Jersey further exemplify the company's commitment to expansion and innovative building.  These include the 39-home Wayside Hills In Ocean Township, with prices starting in the high $500s, the 36-home Longview at Wayside just a mile down the road, and Charter Oaks in South Brunswick, a community of 14 homes priced from the low $600s slated to open this year.  The firm which benefits from three decades of experience, has built homes in other parts of the country as well.

Information on all MG Group communities including directions and
model/sales center hours is available online at www.MGNEWHOMES.com.