DALLAS, TX - May 1, 2003 - ZOM Residential Services, Inc. (ZRS) has officially begun property management operations in Dallas, Texas. ZRS, winner of the 2003 Pillar Award for national "Property Management Firm of the Year", is well known in Florida for its commitment to quality and innovation. ZRS has been able to grow steadily by attracting owners who understand the value of consistently great service, and currently manages over 10,000 units in Florida and Georgia. According to Steve Buck, President of ZRS, "After years of focusing exclusively on Florida, we have successfully expanded into Atlanta and now look forward to bringing out unique management services to key apartment markets in Texas."

ZOM Development, Inc., is currently developing Estancia at Prestonwood and the Waverly at Cityplace in Dallas. ZRS will manage these properties in addition to high quality projects owned by third parties.