OLYMPIA DEVELOPMENT CORPORATION ANNOUNCES

NEW LOCATION FOR HALESTAR, LLC.

Virginia Beach, VA (July 31, 2006) – Olympia Development Corporation is pleased to announce that Halestar, LLC will open its newest location at Reflections IV, a Class A office building in the Virginia Beach Reflections Office Park. Halestar is a security engineering company that provides services from device integration to enterprise network architecture. A privately funded company, Halestar prides itself on the quality of customer service and talent of its security engineers to provide the best possible technology for its customers. Halestar will occupy approximately 1,615 square feet of the four-story building.

Located on South Lynnhaven Road, this prime site is easily accessible off the Virginia Beach/Norfolk Expressway. The building’s modern design, convenient access, and dedicated management staff all add up to make this a premier business location. There are currently three suites with a total of 8,986 square feet available for lease.

Reflections IV is one of four office buildings in the prominent Reflections Office Park. Tenants of the office park have access to a café, which serves breakfast, lunch and snacks, full shower and locker facilities and are equipped with the latest technologies for corporate success.

For more information about Halestar, LLC and the many services they have to offer, visit www.halestar.com.