FOR IMMEDIATE RELEASE

CONTACT: Louis Desmond
949.631.1045
louis@dmpublicrelations.com

PCM of California, Inc. and residents of Laguna Woods
Village call for independent audit of unelected, unaccountable
community group — Residents Voice

Financial audit to determine source of funding

LAKE FOREST, Calif. (Oct. 11, 2007)—Professional Community Management of California, Inc. and residents of Laguna Woods Village, are calling for an independent audit of the unelected and as of yet, unaccountable, community group - Residents Voice.

Residents Voice, a relatively small group of residents, recently purchased a series of print advertisements in a regional newspaper. The cost of the advertisements and the fact that the group's leaders claim to have raised that cost in three days by resident donations, has raised the concern that an outside interest, with possibly a monetary gain in mind, may be behind the group.

"We believe it is in the best interest of the community members that we get to the bottom of who is funding this organization," said Russ Disbro, CEO of PCM of California. "I find it hard to believe that they paid for all these ads on their own."

The group's organizational structure and finances are unclear as newspaper reports seem to indicate the group has no license of any kind to act as an organization and take in or spend funds. A financial audit would clear up several questions, among them:

• How much money has the group raised and from where?
• Is all of the money being spent on proper activities?
• Is anyone within the group financial benefiting from running the group?
• Are the proper taxes being paid?
• Who are the paying members of the group?

"This group has repeatedly attacked the elected leaders of the community and called into question the ethics and financial actions of them and the management-company. This is hurting the community," said Pat Whitson, a 9-year resident of Laguna Woods Village. "If they have nothing to hide, let them submit to an audit and prove it. Until then there will be questions about how this organization operates and who is funding it."

Professional Community Management of California, Inc. and its sister company Professional Community Management, Inc., specialize in the management of Common Interest Developments (CIDs) or homeowner associations for podium construction condominiums, family oriented master-planned developments, subdivisions of master-planned developments, active-adult master-planned communities and boutique communities throughout Southern California. It manages a portfolio of nearly 84,000 units in 225 community associations.

With headquarters in Lake Forest, Calif., PCM of California and its companies employ a staff of more than 1,400 people. PCM of California has offices in Orange, Riverside, San Diego and Los Angeles counties and has been recognized by the Multi Housing Council as one of the country's largest managers of common interest developments.

Management services by PCM of California are backed by state-of-the art Internet technology, and comprehensive financial and management systems. For additional information, please contact PCM at 800.369.7260 or at www.pcminternet.com.

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