Mr Bickley has been a lecturer of Eminent Domain, Oil + Gas
and Real Estate Law as well as the President and Trustee of numerous
charitable organizations and Legal Foundations. Bickley is a 32nd degree mason and a 60-year Eagle
Scout Veteran.

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Fonteno is a native of Houston, Texas, and the son of
Commissioner Jim Fonteno, former County Commissioner of Harris County,
Texas. is a privately held multi-disciplined
real estate investment firm specializing in the acquisition and
owner-financed sale of single family residential housing and long-term
investment in multifamily projects nationwide.

About Banco Popular North America
Banco Popular is a subsidiary of Popular, Inc.
Popular, Inc.

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"
Mr. Currently Hilton Head has offices in Houston , Dallas, Fort
Worth and San Antonio, Texas, and has announced plans to expand into
25 additional cities this year, including El Paso, Denver, Detroit,
Chicago, Tulsa, Oklahoma City and Atlanta over the next four months.

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Hilton Head Properties Inc. Announces Newly Elected Directors

Business Editors

HOUSTON----Hilton Head Properties,
Inc." The five individuals elected as Directors of the
Board consist of:
Douglas 'Chase' Fonteno, President + CEO.

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Mr.

Banco Popular Foundation Presents Grants to Two Organizations

by The Banco Popular
Foundation this year. Boy
Scouts of America received their grant in a separate ceremony on Friday,
December 02, 2005.

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Fonteno, who has over 18 years
involvement with the Boy Scouts of America, is also involved with
various charities in the Dallas and Houston area, and is Executive
Vice President of the Phoenix Foundation.
Also elected were:
Joe Hockaday is a former CFO of Trammel Crow's Corporate Services
Inc.

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Robert Young, a former CFO + Controller for SKF International, a
NYSE listed company, and currently a Board Member of Temex Steel, has
15 years managing audit experience as a Managing Partner for Arthur
Andersen . The grants are part of the more than $200,000 that
have been given to various charities across the U.S.

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Mr. Mr. and the Financial Officer of the Fults Companies. and is the former President/CEO
of Hilton Head Properties. Banco Popular
Foundation's grant will be used to provide financial support to their "Urban
Scouting Program" by underwriting the costs of uniforms, books and equipment
for 25 at risk youth in New Jersey who would otherwise not be able to
participate in scouting. was named one of the 100 Best Companies to Work for in 2005 by
Fortune Magazine and ranks among the top 10 Small Business Administration
lenders in the country.

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Volk is the
President of Gatsby Properties , Inc. Mr.

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Mr.

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His leadership and expertise have been a
major contributor to the rapid growth of Hilton Head Properties, and
should prove to be so in the future as well. Alex Bickley, former City Attorney for the City of Dallas for
17 years, is one of the Founders of DFW Airport and handled all
contracts and legal matters in the development and acquisition of DFW
Airport. Today, it is one of the nation 's most widely recognized
and respected sources of information and education about HIV healthcare
options.

History of the Scouting movement and individual Scouting organizations, including biographical material on key figures in Scouting.

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"Based on plans
we have moving forward, we needed to expand our Board to ensure
continuity and a consensus of direction," stated Nathan Volk,
Chairman. Young received his BA and MBA in Accounting from the
Stanford Business School.

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Mr.
Visit http://www .com/

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Bickley, who
received his Doctorate of Jurisprudence from University of Texas
School of Law in 1941 and Honorary Doctor of Law Degrees from McMurry
and Bishop Colleges , is a retired Navy Submarine Captain who was
awarded the Bronze Star and the Silver Submarines decoration with
three stars.

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Volk
received his Juris Doctorate in Law at Michigan State School of Law
and primarily practices in the areas of Business + Contract
litigation, Probate + Estate and Real Estate .
Forward-looking statements in this news release, if any, are made
under the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995 and are not meant for any solicitation. Donations to Enable Critical Education and Program Initiatives for Local
Communities Through ACRIA and Boy Scouts of America

NEW YORK, Banco Popular North America (BPNA), one
of the nation's premier community banks and top ten small business
administration lenders and The Banco Popular Foundation, today announced the
presentation of two grants from the Banco Popular Foundation to the AIDS
Community Research Initiative of America (ACRIA) and to The Patriots Path
Council of the Boy Scouts of America. ACRIA will use the grant to increase HIV treatment education
activities in New York City's Hispanic communities."
"Through the leadership of both of these organizations, they make
available, services and programs to those who need it most," said Michele
Imbasciani, New York Region Executive for Banco Popular North America.

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Fonteno has over 25
years experience in real estate investment and management, including
an extensive background in multi-family project financing,
re-development, renovation, affordable housing initiatives and
strategic planning . Mr.
N. This
release is not made for the purpose of promoting any investment. "The grant will help us
enhance our ability to create a broad range of Spanish-language information
and boost our outreach."
The grant presentation took place at Banco Popular's offices on Wednesday,
December 7 at 10:30 AM with employees and representatives from ACRIA.bancopopular.

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, announced today a newly elected slate of five Directors,
inclusive of three new Directors and two re-elected.
ACRIA is a non -for-profit, community based AIDS research and treatment
education center which began providing HIV treatment education services in New
York City in 1997. The Banco Popular Foundation strengthens the social
and economic well-being of the communities it serves to Make Dreams Happen.

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Hockaday,
the Chief Financial Officer of Hilton Head, has been a CPA for 23
years and received his BBA and MBA from Southern Methodist University. Mr. Hilton Head makes home
ownership available to buyers without using any governmental programs
or assistance, by helping individuals purchase sub-par homes with
little cash down, where the buyers are required to do their own home
repairs. "We
strongly support ACRIA as they help educate our communities and also commend
The Boy Scouts of America for their commitment to build tomorrow's leaders.

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"Chase is widely respected in both business and
government for his range of strategic vision across many areas and his
ability to identify, analyze and articulate the fundamentals of
complex real estate issues. Mr.

Company Information

Hilton Head Properties Inc.
"We appreciate Banco Popular's support, belief in education and their
commitment to improve the quality of life for the communities they serve,"
said J.

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"We initially tapped the current executives who have very
diverse and relevant backgrounds necessary towards providing a solid
direction, and will now seek outside directors to add over the next
several months. with more than $44 billion
in assets, and is ranked among the country's 30 largest bank holding
companies . Banco Popular North America has 137 branches in six States.

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Fonteno was a successful stock broker with Merrill Lynch,
who also owned his own stock brokerage firm for a number of years, and
has been the founder and/or a key executive with a number of
companies, predominately based in real estate , but also including oil
+ gas and an internet company.
Nate Volk is an attorney formerly with Chamblee + Ryan and
previously with Hillin + Owen, both based in Dallas, Texas.

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The statements made in this press release that are not historical
fact are "forward-looking" statements which are based on current
expectations that include a number of risks and uncertainties. The Patriots Path Council
of the Boy Scouts of America serves over 22,000 youth in urban, at-risk
neighborhoods in five Northern New Jersey Counties. Daniel Stricker, Executive Director, ACRIA.