Wakefield Development Company’s Coastal Division Hires Vice President of Sales

Shallotte, N.C., November 1, 2007—Wakefield Development Company's Coastal Division announced today that Craig Picken has been hired as Vice President of Sales. In this position, he will manage and oversee all sales efforts for the company's new Caribbean-themed master-planned community, San Rio Ocean & River Club, located in Shallotte, North Carolina.

“Craig's dedication, discipline and strong work ethic, paired with extensive experience in sales, make him a logical addition to our successful sales team,” said Jim Wiseman, senior vice president of Wakefield Development Company's Coastal Division. “We are fortunate to have a talented staff, and I am confident that we will continue to excel as we welcome Craig to our team.”

Picken joins Wakefield Development Company's Coastal Division from The Greenbrier Sporting Club in West Virginia, where he served as Director of Sales. Prior to Greenbrier Sporting, he sold exclusive and modified military aircrafts to international governments for Gulfstream Aircraft, and sold fractional shares in aircrafts for Bombardier. As a Navel Flight Officer for 8 years, Picken participated in more than 100 combat missions over Iraq with 325 carrier landings in various aircrafts and served as a liaison officer to NATO in Geilenkirchen, Germany.

He has a wife, Lisa, and is the father of twins, Maddie and Riley.

Wakefield Development Company entered the coastal market in January with the launch of San Rio Ocean & River Club in Shallotte, N.C. and Kingfish Bay, located along the Calabash River. For more information, contact Wakefield Development Company's Coastal Division at 910-575-4300, or visit www.SanRioNC.com or www.KingfishBay.com.

About Wakefield Development Company
Signature Communities. Ideal Opportunities.

Wakefield Development Company (WDC), the 2007 NCHBA Developer of the Year, is central North Carolina’s largest developer of residential communities. From tranquil lakeside property and affordable country club living to traditional neighborhood developments with small-town charm and inspiring communities with true urban flair to unique resort-style coastal communities, the WDC portfolio includes almost 18,000 homesites across the central and coastal regions of the state. In addition to the 2004 NCHBA Community of the Year, Bedford at Falls River, the company has six other communities across the Raleigh-Wake County market, including Wakefield Plantation, Eagle Ridge, Edgewater, Cornerstone, Delta Ridge and Twin Lakes.  WDC is developing Mackintosh on the Lake in Burlington, and has begun construction on two new Triangle area communities, Renaissance Park and 12 Oaks. Wakefield Development Company entered the coastal market in 2007 with the launch of San Rio Ocean & River Club and Kingfish Bay.  For more information, call 1-866-223-1280, visit www.wakedev.com, or email info@wakedev.com.