NWPI Management has a proven track record of recognizing value and turning it into wealth.

Sumter County Florida is committed to community development and has already pledged $10 million towards the widening of CR-468 and the construction of a Florida Turnpike interchange at the intersection of CR-468. These two county construction projects converge on NWPI's acreage and provide the traffic-flow and access necessary to support a burgeoning community.

According to U.S. Census figures, from 1990 to 2000, Sumter County grew 69%, from 31,577 to 53,345 people and is one of the fastest growing counties in Florida.

Preliminary land comparables suggest that for raw land in Sumter County, NWPI's property is reasonably valued. However, unlike other large land parcels in the County, the strategic location of NWPI's property presents the opportunity for both residential and commercial development.

Any inherent risks associated with a real estate development project of this nature are almost completely mitigated by the following:

* NWPI will never directly manage any construction. All residential plots will be sold off to well-respected and proven construction firms with an expertise in building single-family homes. All commercial plots will be leased long-term to franchises such as McDonalds, Burger King, Applebee, Walmart, Exxon, and Marriott, and these firms will handle all of their own construction

* Sumter County has no impact fees and preliminary research indicates that this could save NWPI's developer-partners a total of $25-30 million over the life of the project.

* All community infrastructure costs (i.e. roads, sidewalks, hydrants, water, sewer) will be financed through Community Development District Bonds. These bonds will be insured through the Municipal Bond Insurance Company (MBIA) to secure an AAA rating and the most highly competitive interest rates. In addition, bond rates have fallen significantly over the last year and all indications are that rates will continue to fall.

Comparables:

Research on raw land comparables was performed at the Sumter County Appraiser's office with the help of Sumter County appraiser Ronnie Hamilton. Research shows the average cost per acre on comparable transactions to be $6,500.

NWPI Revenue Stream

The revenue received by NWPI from the Project will either come from residential plots being sold to a developer or from commercial space being leased to long-term tenants.

Residential

Immediately following completion of the DRI and rezoning, management will seek to sell all of the approximately 3,400 residential plots to a large, established, residential developer. While all residential plots will be sold at the same time for a projected $20,000 per plot (avg. 3.3 plots per acre), NWPI does not anticipate receiving all residential revenue in one lump sum. Rather, management projects being paid quarterly in 20 equal installments. These installments will likely be composed of both cash (50%) and equity (50%) in the partner/developer. Strategically, the cash/equity balance will help promote a healthy long-term working relationship between NWPI and their developer/partner - a relationship likely to result in future opportunities for NWPI.

The financial model is conservative in that it does not take into account the potential tax benefits of IRS Section 1031. IRS Section 1031 allows a business to defer the tax liability associated with a property sale by reinvesting the proceeds into another piece of property.

Commercial

Unlike the residential acreage, which management intends to sell off in its entirety, commercial/industrial acreage will be held indefinitely to create an almost never-ending stream of recurring revenue.

Pre-leases on commercial/industrial square footage will begin towards the end of the DRI/Rezoning process. While it is extremely difficult to project commercial/industrial lease rates on NWPI because there are no true comparables, management anticipates staggered lease rates of $8/sq ft, $10/sq ft, and $12/sq ft for leases starting October 2002 - September 2004, October 2004 - September 2006, and October 2006 - December 2009 respectively. For the purposes of financial projections, leases are assumed to be long-term (greater than 10 years).

OTCBB Symbol: NWPI

Newport International Group Inc. received clearance from the NASD to begin trading its Common Stock, effective April 25, 2002, on the OTC Bulletin Board(R) Service under the symbol, "NWPI."

NWPI Profile

NWPI is a public real estate development and holding company that specializes in buying, selling and managing land for large-scale commercial, industrial and residential development projects as well as business management.

NWPI's focus is to identify undervalued properties and then to add value to these properties via a variety of different methods. These methods include land-use amendments, rezoning, removal of concurrency issues, and special permitting. In addition, NWPI's property selection strategy includes finding properties that are likely to derive benefit from certain special circumstances and conditions such as:

* Construction of new roadways or expansion of existing roads

* Unique geography, topography, landscape or aquatic features (i.e. an oak hammock or picturesque lake)

* The need for highly specialized or technical permitting (i.e. wetland mitigation or environmental restrictions)

NWPI coprorate web site
http://www.newport-florida.com

NWPI SEC EDGAR filings

See http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001103577

NWPI Secures $9,745,000 Loan

From NWPI's 8-K report filed with the SEC on 7/15/02:
See http://www.sec.gov/Archives/edgar/data/1103577/000110357702000006/0001103577-02-000006.txt

Newport International Group Secures $9,745,000
Loan From Old Standard Life Insurance Co.

WEST PALM BEACH, Fla., July 15 /PRNewswire-FirstCall/ -- Newport International Group, Inc. (OTC Bulletin Board: NWPI - News) today announces the approval of a $9,745,000 loan from Old Standard Life Insurance Co. of Spokane, Washington. Mr. Soloman Lam, CEO of the Company, commented, "Securing this loan is a crucial step in our efforts to close on one of two land contracts to purchase approximately 2,300 acres of land in Sumter County, Florida. Following our purchases of the Sumter County property, we anticipate spending $1 million to complete our studies of the property and the rezoning, permitting and approval for development. If and when we receive the necessary governmental approval, we plan to sell and lease lots for development, and then manage a large commercial, industrial and residential mixed-use development for this project."

The loan was arranged by Tom McGovern of St. Petersburg, FL and Ken Vidrine of Lafayette, LA.

Newport International Group Inc. intends to become a real estate holding company that will specialize in large-scale commercial, industrial and residential mixed-use property development. The Company does not currently own any real estate. The Company's present activities are limited to securing acquisition financing for 2,300 acres of land located in Sumter County, Florida, and nine residential lots located in Wellington, Florida, that the Company proposes to acquire and develop. The Company's management team includes professionals with experience in a wide range of real estate development including design, budgeting, permitting, licensing, contracting, land use amendments, and developments of regional impact. The Company intends to commence operations by purchasing raw land and developing one large mixed- use development and select residential estates. Additional information on the Company may be viewed at http://www.newport-florida.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

For example, statements that describe Newport International Group's hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond Newport International Group's control, will affect actual results.

Newport International Group undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with Newport International Group's annual report on Form 10-KSB for the fiscal year ended December 31, 2001 and other filings with the U.S. Securities and Exchange Commission by Newport International Group.

SOURCE: Newport International Group, Inc.

NEWPORT INTERNATIONAL GROUP
ACHIEVES PUBLIC TRADING STATUS
TRADING UNDER SYMBOL NWPI

West Palm Beach, FL, Apr. 25, 2002 - Newport International Group Inc. (OTC BB: NWPI), a company that intends to become a real estate holding company specializing in large-scale commercial, industrial and residential mixed-use property development, today announced approval of its common stock for trading on the OTC Bulletin Board under the symbol "NWPI". Trading is expected to begin on April 25, 2002. Soloman Lam, Chief Executive Officer and Founder, said, "We are very excited about this listing and expect our trading status to enhance greatly our prospects for future growth."

Newport's intends to identify undervalued properties and then to add value to these properties via a variety of different methods. These methods include land-use amendments, rezoning, removal of concurrency issues, and special permitting.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Words like "intends ", "expects ", "anticipates ", "estimates" and similar expressions are intended to identify forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct. A number of important factors could cause actual results to differ materially from those expressed in any forward-looking statement made by us. These factors include the inability of the company to obtain financing for the acquisition of businesses; the reliability and availability of new technology in the related industries; financial, operational and other business problems associated with the acquisition of a number of businesses in a short period of time; and general and industry-specific economic conditions. The company has no obligation to update or revise these forward-looking statements to reflect the occurrence of future events or circumstance.

CONTACT:

Soloman Lam, CEO
11863 Wimbledon Circle, #418
Wellington, Florida 33414
Tel: (561) 389-6725
Fax: (561) 333-9590
Website: www.newport-florida.com
General Information: info@newport-florida.com