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Holden Beach, NC, January 15, 2007:

Dolphin Shore Ground Breaking Ceremony
Condo shortages in Holden Beach, NC

James Lea III, and Lea Development, LLC. celebrated the ground-breaking ceremony for the much anticipated new development of Dolphin Shores at Holden Beach, a Luxury Waterfront Gated Condominium Community located directly on the Intracoastal Waterway across from the pristine and beautiful sugar white sandy shores of Holden Beach, North Carolina. “This lovely Luxury 159 unit condominium complex will help meet the need for the current shortage of condos available for sale in the Holden Beach area,” states Martha Lee, President of Martha Lee Realty, the Marketing and Sales Director for Dolphin Shores. "Lea Development is providing what Buyers are searching for in today's market" Lee said. David Sandifer, Chairman of the Brunswick County Commissioners, when speaking of Dolphin Shores said, “Growth is good, but good growth is really good and, this is good growth.”

At a price that doesn't break the bank, Dolphin Shores offers estate size luxury residences, boat storage, Caribbean pool complex and clubhouse on Intracoastal Waterway, fitness club facility with lap pool, proposed pier and day dockage on the ICW, elevators in all buildings, hardwood flooring in living areas, granite counter tops in baths and kitchen and graceful southern coastal architecture starting at a pre-construction prices of $449,900-$595,900.

Developer, Jim Lea, Lea Development, LLC, recognized County leaders for working cooperatively with development and growth in Brunswick County while protecting the natural beauty of the area. When asked what will be behind Dolphin Shores six foot high intriguing Charleston style brick wall and bronze Dolphin sculpture, Lea replied, "I grew up and have spent my entire life in North Carolina. I want to share what I've been privileged and blessed with all my life. Our beautiful beaches, especially Holden Beach, which I think is one of the prettiest beaches in North Carolina, a slower pace of life style, fabulous weather, and true southern hospitality where neighbors actually talk and wave to each other when they walk by. Quality construction built by reputable local master craftsman, large rocky chair porches, charming low country coastal architecture, enclosed private parking for your cars, this incredible waterway view & Carolina blue sky we're all sharing today, and this is what will be behind this lovely wall."

Also in attendance at Dolphin Shores' ground-breaking ceremony were Scott Bradley, President, & Tim Barnes, Vice President, of Bradley Barnes Construction Company. " Bradley Barnes Construction Company is proud to be chosen as the Construction Company, and dedicated to the overall construction quality of Dolphin Shores", Scott Bradley said. Vice President Tim Barnes commented, “This beautiful waterfront land, on which we stand today, will be more beautiful on the day we finish Dolphin Shores than on the day we start. We are confident Dolphin Shores will raise the bar, and stand out as being Brunswick County's premier condominium community ", Barnes said.

"The architectural style, location, quality, convenience to two international airports, shopping, banking, medical facilities, golf courses and Holden Beach are all reasons so many pre-construction units have already been reserved by in-state and out-of-state buyers" Project Supervisor Chuck Caviness remarked. “Sophisticated retiring Baby Boomers, savvy young executives and astute real estate investors have found one of the South's best kept secrets, our beautiful Brunswick County, the 29th fastest growing county in the United States,” said Libby Featherston, Marketing Director, Martha Lee Realty.

Many local dignitaries participated in Dolphin Shores ground-breaking ceremony inclusive of Mitzi York, President of the Brunswick County Chamber of Commerce, David Sandifer, Chairman of the Brunswick County Commissioners, Sheriff Ronald Hewett, Sheriff of Brunswick County, James Lea, Developer of Dolphin Shores, Darrell Pendergraph, Senior Estimator, Bradley-Barnes Construction Co., Leslie Bell, Director of the Brunswick County Planning Board, Honorable Norman Meares, Mayor of Holden Beach, and Chuck Caviness, Project Supervisor of Dolphin Shores

Also in attendance were Gary Staley, Mayor Pro-tem of Holden Beach, Joe Johnson, President of Johnson-Garrett Architects, Richard Green, Chief Legal Counsel for Dolphin Shores Development, Tim Barnes and Scott Bradley of Bradley-Barnes Construction Co, Martha Lee, President of Martha Lee Realty Co., George Whitley, E-Property Tours Company, Cathy Altman, Membership Director of the Brunswick County Chamber of Commerce, Donna Loftin, Membership Director, Brick Landing Plantation Golf and Country Club, Dan Maples, Legendary Golf Course Designer, and part Owner of Brick Landing Plantation Golf and Country Club and Dolly Sherman, Actress, of the feature film " Date With An Angel".

Those in attendance were pleasantly surprised when internationally known award winning Golf Architect, Dan Maples, appeared and spoke on behalf of Dolphin Shores Development.
You may find more information about Dolphin Shores and videos of the Ground Breaking Ceremony by visiting www.dolphinshores.com

For Immediate Release

Libby Featherston
Marketing Director / New Communities Executive
Martha Lee Realty
Phone: (910) 846-2402
Fax: (910) 846-2408
2869 Holden Beach Road
Holden Beach, NC 28462
libby@dolphinshores.com
www.dolphinshores.com

Dolphin Shores
*Presented by Martha Lee Realty
3369 Holden Beach Rd - Holden Beach NC 28462 (Map)
Toll Free 1-866-696-6232 Local 910-846-2402 Fax 910-846-2408
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Inquire as to whether there is required by federal law a property report as to any property of interest to you. If such a report is required, procure it and read it before signing anything. No federal agency has judged the merits or value, if any, of this property. This is not an offering to residents of New York, New Jersey nor other jurisdictions where prohibited.

The Residences at Dolphin Shores are being presented by Martha Lee Realty Company. Martha Lee Realty is not the listing company and will be exclusively a Buyer's Agent. Prices, features and availability are subject to change without notice. Buyers should not rely on oral representations. All representations should be in writing. Artistic renderings are for conceptual and illustrative purposes and may not be relied upon as accurately reflecting the final development plan. Renderings are subject to change without notice.

This advertising material does not constitute an offer to sell or solicit an offer to buy from residents of any jurisdiction which requires registration of the property or the developer, Lea Development LLC or The Broker or all, and in which registration has not been sought or approved. This offer is made in compliance with the laws of the jurisdiction where the property is located and is subject to change, withdrawal or termination without notice. The developer and Broker make no warranties or representations, expressed or implied, of the accuracy or completeness of the information contained within this material.