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Patrick Malloy Communities is the Leading Homebuilder in Coweta County Patrick Malloy Communities' Homes at StoneBridge Lead the Boom in New Home Sales

NEWNAN, GA, June 5, 2006 –Patrick Malloy Communities, the developer and one of two homebuilders at StoneBridge, reports that individual sales of Patrick Malloy Communites’ homes at StoneBridge outpaced any other single homebuilder for Coweta County . Over the last fifteen months, Patrick Malloy Communities recorded new home sales at 82 single family homes and townhomes at StoneBridge. The average closing price for the single family homes was $208,460 and the average price for a new townhome was $138,467.

“ Coweta County is growing as people continue to discover its charming lifestyle and proximity to Atlanta and other regional services and amenities,” said Patrick Malloy, President, Patrick Malloy Communities. “New home buyers have many choices in selecting a new home and we are flattered that they are choosing a home built by Patrick Malloy Communities. This consumer endorsement reinforces our philosophy of only building quality, attractive homes with great attention to detail at all price levels,” added Malloy.

Life at StoneBridge – Homes Starting from the $160s, Townhomes from the $140s

StoneBridge is a 200 acre community tucked into the rolling landscape of Newnan in Coweta County . It combines the charm of historic Newnan with the amenities and comforts of new homes. When complete, StoneBridge will offer some 600 quality homes and townhomes in two distinctive neighborhoods: East Village with traditional single family homes priced in the $200s, and West Village which includes turn-of-the-century single family homes and bungalow style cottages priced from the $160s, and townhomes priced from the $140s.

The focal point of life at StoneBridge is the Clubhouse Village with its rich architectural detail and rustic charm. The main lodge is handcrafted from roughhewn timbers and stone and includes a covered rocking-chair porch, as well as large indoor and outdoor recreational spaces. The welcoming Clubhouse Village also incorporates a separate fitness center building, while the lodge offers a beautiful great room with double-sided fireplace, an entertaining kitchen, cozy community gathering places, and a lofty vaulted ceiling. The beautifully landscaped courtyard leads to a children’s play area, the Junior Olympic swimming pool and tennis center. There is also a Village Green that connects to the community’s nature paths and pedestrian friendly sidewalks.

StoneBridge is conveniently located in Coweta County in the city of Newnan . From Atlanta , take I-85 South from Atlanta to Exit 47. Upon exiting the Interstate, turn left and continue one-half mile, and turn right onto Shenandoah Blvd. Go one mile and turn right on Lower Fayetteville Road . StoneBridge will be on the right. For additional information, please contact Patrick Malloy Communities at 770-304-9170, or at www.StoneBridgeGA.com

About Patrick Malloy Communities

Patrick Malloy Communities is among the most active builders in the metropolitan Atlanta area, having built homes in several master planned communities including: Monarch Village, Summergrove, Avery Park, Canterbury , City Square , Mirror Lake , Anneewakee Trails and Ridenour. The Company is also a key home builder at Harmony on the Lakes in Cherokee County , StoneBridge in Coweta County , and is actively building in Mill Pond in Carroll County , Brookmont in Douglas County , and Union Crossing, The Lakes at Cedar Grove, and Providence Place all in South Fulton . The Company was recognized with the distinguished Atlanta Business Chronicle’s Pacesetter Award for its performance in 2005. The award recognizes the 50 fastest growing privately held companies in metro Atlanta . Patrick Malloy Communities was also named to Builder Magazine’s 2005 Fast Track list of homebuilders nationwide.

Following both his father and grandfather into the homebuilding business, Malloy purchased the family owned business in 1994. Under his direction, the firm was restructured and the focus shifted to building in master planned communities. Patrick Malloy Communities strives to provide high quality homes to young professionals and families at affordable prices.

Homes built by Patrick Malloy Communities offer exceptional features and fine details usually reserved for higher-priced homes. These features often include spacious rooms; arched entryways; vaulted and trey ceilings; quality name brands; and nine foot ceilings on the main story. Architectural details and a variety of materials help define the distinctive home exteriors. Intricate care is taken to ensure a quality home at an affordable price. For more information visit: www.pmcommunities.com.