Looks like the OM deal is still in the works. Once this is complete and with the 50 Million buyback, this should get very intresting!!!

"MEM Financial Solutions has experienced a double digit growth rate, year over
year, for the past several years," stated Mr. Mark McLeod, CEO and Founder of
MEM Financial Solutions, Inc. Mr. McLeod is currently a member of Vision Real
Estate Management and Development, Inc.'s board of directors. "We, at MEM
Financial Solutions, are very excited to join the family at VRMD. We are ready
for the increased growth that being part of a public company will enable us to
achieve."

In 2003, MEM Financial Solutions, Inc. had revenues of $42,000,000. In 2004,
given current revenue streams, MEM expects revenues to exceed $75,000,000.

"The acquisition of MEM Financial Solutions will result in dynamic growth in
revenues and earnings for VRMD," stated Daniel J. Duffy, Vice President of
Vision Real Estate Management and Development. "We anticipate that this merger
will close at approximately the same time as the OM Company acquisition is
completed."

MEM Financial Solutions is currently licensed as a mortgage broker throughout
the Northeast, and is pursuing to be licensed in every state in the union by
2005, with a total operating volume of $42,000,000.00 in 2003. With branch
offices in Clifton Park New York, Glens Falls New York, Albany New York, Port
Saint Lucy Florida and headquarted in Half Moon New York. MEM Financial
Solutions offers purchase, refinance, construction and equity loans to the
conventional, Sub -Prime, Jumbo, modular & Manufactured home markets, as well as
products securing commercial property, through over 120 mortgage lenders.

MEM Financial Solutions, Inc. was founded by Mr. Mark McLeod in 2000. The
company has grown to 31 employees, has completed 1050 mortgages since inception,
and its total revenue since inception is $130,000,000. The company currently has
4 mortgage offices and is waiting on approval to open the 5th.

Forward-Looking Statements the private Securities Litigation Reform Act of 1995
provides a safe harbor for forward-looking information made on the company's
behalf. All statements, other than statements of historical facts which address
the company's expectations of sources of capital or which express the company's
expectation for the future with respect to financial performance or operating
strategies, can be identified as forward-looking statements. Such statements
made by the company are based on knowledge of the environment in which it
operates, but because of the factors previously listed, as well as other factors
beyond control of the company, actual results may differ materially from the
expectations expressed in the forward-looking statements.

SOURCE: Vision Real Estate Management and Development, Inc.

CONTACT: Vision Real Estate Management and Development, Inc.

Daniel J. Duffy, 518-862-1676

WWW.VRMDCORP.COM

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