Canoga Park, CA July 8, 2004 -- Strata Development Group, LLC ("SDG") today announced it is has secured $450,000 in financing from its joint venture partner Funk Ventures. The investment, conducted by Funk Ventures Real Properties, the real estate division of private equity and venture capital firm Funk Ventures, was announced by Jason M. Neal, who serves SDG as Chief Executive Officer.

SDG specializes in high-end, ultra-luxurious apartment and mixed-use developments in exclusive international locations where demand for unsurpassed quality and design is exceeding supply.

The investment secured by SDG is the first of two rounds of preliminary stage financing being directed into the company's initial project located in the international resort of Queenstown, New Zealand. A New Zealand based institutional lender will finance the construction phase.

Complimented by an expansive atrium the development will feature spacious and luxurious apartment homes and health facilities overlooking a championship golf course. Appropriately called the adventure capital of the world the location is situated on the shores of Lake Wakatipu and surrounded by some of the world's most magnificent mountain scenery.

This development project, which will be formally announced next month, will accentuate SDG's commitment to providing wealthy individuals with access to the highest standards of living and leisure in the most breathtaking locations worldwide. SDG is not only committed to the highest quality standards but also delivering a high level of privacy and security.

"Funk Ventures' financial contribution and commitment as joint venture partner has enabled SDG to take advantage of an exceptional development opportunity", says CEO Jason Neal, a seasoned entrepreneur with more than 15 years real estate experience in New Zealand, Australia and the United States. "SDG's first development in Queenstown, New Zealand will raise the benchmark in this market in terms of high quality and luxury design standards, important considerations which are being discounted by other developers in an attempt to maximize their bottom line", says Neal, "SDG has identified a very unique and profitable opportunity."

"We are thrilled with the opportunity SDG has created in the New Zealand market and are looking forward to ongoing investments in future opportunities that arise", says Andy J. Funk, who serves as General Partner of the limited partnership that made the investment.

About Strata Development Group
Strata Development Group is a joint venture between Washington, DC based JumpStart Capital, a wholly-owned subsidiary of JumpStart Ventures, and Funk Ventures Real Properties, the real estate division of Los Angeles based private equity firm Funk Ventures. SDG has been established to specialize in the development of ultra-luxurious apartment and multi-use developments in exclusive locations worldwide, with an initial focus on the Asia Pacific region. For more information call SDG at (202) 412-4502 or call Funk Ventures at (818) 716-0413.