Jack Nicklaus plays his inaugural round at
Toscana Country Club in Indian Wells, California

INDIAN WELLS (Calif.) - Jack Nicklaus, the golf legend and the world's preeminent course designer, christened his two Signature Golf Courses at Toscana Country Club on May 1 with a grand opening celebration for Members, media and guests. The two Jack Nicklaus Signature Golf Courses are the first he has done in the California desert in almost 20 years.

For his inaugural round at Toscana, Nicklaus used a persimmon wood driver--a replica of the club he used to win several of his record 18 professional major championships--for a ceremonial shot at the first tee. He then played the front nine of his Signature North Course and the front nine of his Signature South Course, explaining to the gallery of Toscana Country Club Members, guests and media the vision and philosophy behind the design of each hole.

"The Toscana property has wonderful movement, flow and changes in the elevation, as well as breathtaking views of the surrounding mountains," Nicklaus said, "especially the sixth hole on the South Course since it directly faces Eisenhower Mountain. We were able to create two very distinctively challenging yet playable courses because we were able to start with raw land without trees or any physical restraints.''

Framed by the breathtaking Santa Rosa Mountains, the South Course opened in December 2004. The par-72, 7,349-yard Jack Nicklaus Signature Course is designed to challenge and reward players of every level, and to provide opportunities to enjoy and excel at their games. The scenic South Course features lush turf and landscaping, dramatic bunkering and greens that are traditional in size. By contrast, the par-72, 7,186-yard Jack Nicklaus Signature North Course is a desert-themed course that features undulating fairways surrounded by arroyos and natural washes and greens that are smaller with dramatic breaks.

The first nine holes of the North Course opened in December 2005 while the second nine is scheduled to begin construction in 2007. Both Toscana courses have six sets of tees catering to all handicaps, and the dramatic elevation changes surrounded by almost 360-degrees of spectacular mountain vistas create a memorable golf experience.

"We are thrilled with the two Jack Nicklaus Signature Courses," said William Bone, Chief Executive Officer at Toscana Country Club. "Jack personally visited the site nine times during the design and construction process. His hands-on approach and commitment to his design philosophy has resulted in two spectacular golf courses for our Members."

About Toscana Country Club

Toscana is a private equity golf club and luxury residential community located in the heart of prestigious Indian Wells, California. Secluded behind its 24-hour guard gated entries will be a private equity club with just 626 homes and estate homesites surrounding two exceptional Jack Nicklaus Signature Golf Courses. The distinguished Sunrise residences are priced from $1.2 million, Estate Homesites from $1.2 million and Estate Homes from $4.8 million.

Members of Toscana's private equity club will enjoy exceptional golf-course access with golf memberships limited to just 275 members on each of the exquisite Jack Nicklaus Signature Courses. The initiation fee for the equity family golf membership is $130,000. The Club Villa features gourmet dining in Il Forno Trattoria, the Golf Shop and Ladies' and Gentlemen's Locker Rooms. The luxurious Spa Luna and Sports Club are scheduled to be completed in November 2007. For more information on Toscana Country Club, please call (760) 772-7000 or visit online at www.toscanacc.com

About Sunrise Company

For more than 35 years, Sunrise Company has been building America's finest country club communities. They include The Lakes Country Club, Palm Valley Country Club and Indian Ridge Country Club in Palm Desert, California, and PGA West in La Quinta, California, co-developed with Landmark Land Company. Indian Ridge Country Club was the former host of The Bob Hope Chrysler Classic, and PGA West hosted the Bob Hope Chrysler Classic, The Skins Game and The Grand Slam of Golf. In Houston, Texas, Sunrise Company is developing Royal Oaks Country Club, a private, 490-acre community featuring 900 elegant homes and a championship golf course designed by legendary Houston golfer Fred Couples.

In Las Vegas, the company recently finished home sales at Siena, a private, age-qualified community with 2,000 homes, and recently finished home sales at Red Rock Country Club, a private community with over 900 homes and is managing the country club that features two Arnold Palmer Signature Golf Courses.

About Nicklaus Design

For more than 35 years, the mission of the Nicklaus Companies has been to enhance the golf experience, and to bring to the national and international consumer golf-related businesses and services that mirror the high standards established in the career and life of Jack Nicklaus. These services include golf-course design, the development of golf and real estate communities, and the marketing and licensing of golf products and services. Nicklaus Design, recognized as the world leader in golf course design, has been involved with 298 courses open for play in 28 countries and 37 states. Of those, Jack Nicklaus has been involved in the design of 245 courses worldwide. At least 47 Nicklaus Design courses have been ranked in various national or international Top-100 lists, and by the end of 2006, at least 79 Nicklaus Design courses will have hosted a combined total of over 500 professional tournaments worldwide or significant USGA national championships.