Grand Prize Winner To Be Announced February 16th

Aliso Viejo , Calif. February 7 th, 2005 – (Part 1 of 5) The Real Estate Apprentice™ Foundation today announced that Monica Palmer and Daniel Fahey are the first two Finalists chosen from over 1,500 applicants in Season 1 of the 2004 Real Estate Apprentice Grant. Both Palmer and Fahey will receive $5,000 worth of real estate education products and services. These two Finalists took their licensing courses at Howard Perry & Walston Real Estate School and Arthur Gary School of Real Estate, both part of the RealtyU® network of real estate schools. Grants are sponsored by RealtyU®, iSucceed Real Estate Mentoring, First American Residential Group, Hobbs Herder Advertising & Design, Success Strategies Institute, McLean International, Thomson Learning, CyberSpace Society, Broker Agent News and RIS Media.

Monica Palmer is a certified project manager and new practicing real estate agent in the state of North Carolina. She and her husband are currently managing the day-to-day operations of ValuePlus Properties LLC, a technology savvy real estate brokerage. Monica has over 15 years of experience working in positions of significant responsibility within Fortune 500 and entrepreneurial firms both domestically and internationally. She has generated more than $150 million of value in industries spanning telecommunications, financial, and consumer services at companies such as GTE, Nortel, and Knight Trading Group. Monica has led and managed successful strategic business initiatives and projects in marketing and sales, large scale software development, business intelligence, and e-business. Monica has hired, inspired and coached cross-functional teams of over 50 professionals to achieve business success.

Palmer holds an MS in Engineering Management from Stanford University and a BS in Aerospace Engineering from Arizona State University. She is also an avid tennis player who enjoys spending time with her husband and two children.

Daniel Fahey grew up in the small town of Scarborough, Maine with its coastal beaches and marshes. Daniel spent a lot of time outdoors playing sports and attended private high school in Portland, mostly paid for by working in restaurants. It was at these restaurants that he developed a love for cooking and in 1986 Daniel was accepted at Johnson and Wales University Culinary Arts Program. After receiving his degree in 1988, he returned for two more years as a teaching assistant and finished his four-year degree cum laude after receiving a scholarship. Daniel started out as a restaurant manager with Red Lobster Restaurants and quickly became a general manager. He was also a general manager for Romano's Macaroni Grill, On The Border Mexican Cafe, and The Ground Round. Daniel entered the real estate industry because he wanted a challenging career with some flexibility. He is married and the couple has two young sons. His family is the number one reason that he decided to pursue a career in real estate.

Two Real Estate Apprentice Finalists will be announced each day this week, and each will be receiving a grant worth $5,000. On Wednesday of next week the Grand Prize Winner of Season I (July - December, 2004) will be announced on both www.RealEstateApprentice.com and www.RISMedia.com. According to Dr. Martin Oliver, Deputy Director of The Real Estate Apprentice Foundation, Season II of the Real Estate Apprentice opened January 1 st, 2005 and will run through June 31 st, 2005. Students who have taken or will take their licensing class during the Season II time-frame or 90 days prior can enter the grant program by simply applying online at www.RealEstateApprentice.com. Companies interested in becoming Sponsors should contact Dr. Martin Oliver at dr.Oliver@ReApprentice.com