Prudential Douglas Elliman Tapped as Exclusive Worldwide Sales Agent for Residential Ocean Liner

Orphalese Holdings, the parent company of The Orphalese, the
world's largest luxury residential ocean liner of her class, has
announced an exclusive partnership with Prudential Douglas Elliman,
the largest residential real estate firm in New York City, to be the
luxury cruise ship's worldwide sales agent.

Donald V. Allen, CEO, Orphalese Cruise Lines, said, "Prudential
Douglas Elliman is the ideal partner to actualize our dream of
offering an ocean-based lifestyle on-board The Orphalese. They
identify with the representative Orphalese market and clearly have the
proven experience and track record of selling luxurious residences to
premiere clientele."

"Prudential Douglas Elliman is proud to announce its exclusive
sales partnership with The Orphalese, marking one of the firm's
largest real estate deals, as well as the first of its kind for us,"
said Howard M. Lorber, chairman, Prudential Douglas Elliman. "We know
that our widespread network of agents combined with The Orphalese's
distinctive itinerary and extraordinary residences and amenities
offers an unparalleled opportunity for our upscale clientele. Also due
to intelligent design engineering and resultant operating efficiencies
onboard The Orphalese, we will be able to offer the strongest cost of
ownership profile in the ocean residence market today."

Sales and marketing efforts will begin in the Hamptons, the
affluent summer enclave on the East End of Long Island, where the
residential ocean liner will have its debut at the season's most
talked about events and galas, including the Southampton Hospital
Gala, Hampton Classic, and Art for Life benefit.

The stunning redesigned East Coast Orphalese Sales Team office is
located at Prudential Douglas Elliman's offices at 575 Madison Avenue
in New York City.

About The Orphalese

Capturing the imagination of the public as a unique ocean-based
lifestyle experience, The Orphalese will be the most exciting place to
be. The Orphalese is the first residential ocean liner to offer 200
permanent ocean residences, ranging in size from 1,000 square feet to
4,000 square feet, as well as 265 suites for luxury cruise passengers.
Leveraging the combined resources of the world's best business, luxury
real estate and design talent, the residential ocean liner will be
equipped with the finest amenities available anywhere in the world.
Spending an average of 200 days in various ports around the world, the
residential ocean liner will give owners and guests the opportunity to
visit the globe's most exclusive events and explore the cultural and
historic offerings of each country. Slated to debut in 2010, The
Orphalese is managed by Orphalese Holdings. For more details, log onto
www.theorphalese.com or call 888.287.7447.

About Prudential Douglas Elliman

Prudential Douglas Elliman is New York's largest residential
brokerage, with 63 offices, 3,400 real estate agents and a network of
national and international affiliates. In an independent study,
Prudential Douglas Elliman, ranked #5 of all real estate companies in
the nation with $11.7 billion in sales in 2006. Prudential Douglas
Elliman also controls a portfolio of real estate services, including
Manhattan's largest residential property manager, Douglas Elliman
Property Management, as well as PDE Title and Preferred Empire
Mortgage Company. For more information on Prudential Douglas Elliman
as well as expert commentary on emerging trends in the real estate
industry, visit the Prudential Douglas Elliman site at
www.prudentialelliman.com.