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Thursday, 09/20/2007 6:44:09 PM

Thursday, September 20, 2007 6:44:09 PM

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Nice - Total Revenues for the three months ended June 30, 2007, increased to $5.2 million, compared to $5.0 million for the three months ended June 30, 2006. Total Revenues were also up during the first six months ended June 30, 2007, to $10.7 million, compared to $10.3 million in the same period the prior year. The increase reflects increases in revenue from both domestic operations in both the first and second quarters of 2007, primarily as a result of the addition of two properties in 2006, one in June 2006, the other in October 2006, and modest increases in rates and occupancy at the properties under Castle’s management. Revenues Attributed from Properties under Castle’s New Zealand operations increased by approximately $148,000 for the second quarter of 2007 and $357,000 for the first six months of 2007, as compared to the comparable periods of 2006, due to a strengthening of the New Zealand dollar.


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