Petersburg, Florida
33716.

PriceSmart Mexico Business to Close

, provides New Yorkers with the only reliable method to track changes
in residential property values throughout all five boroughs.

For more specific information, visit www.

generations undeveloped

acted as lead manager for the offering,
and Stifel, Nicolaus + Company, Incorporated acted as co-manager.

The site not only gives percent change in values for all neighborhoods in
New York City, it also shows average and median sale prices, as well as the
highest and lowest sale price in any zip code, in every year from 1995 to
the present.

agricultural grupo

"

About PriceSmart
PriceSmart, headquartered in San Diego, owns and operates U.
territory (four each in Panama and the Philippines; three in Costa Rica; two
each in Dominican Republic, El Salvador, Guatemala , Honduras, and Trinidad;
and one each in Aruba, Barbados, Jamaica, Nicaragua and the United States
Virgin Islands).

For further information, please contact Robert E. Contact Mr.

panama communities

and PriceSmart , Inc.

This category is for sites that cover more than one Central American country.

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The Company has
also granted the underwriters a 30-day option to purchase up to 100,000
additional shares to cover over-allotments, if any.V.
PSMT Mexico, S.-style
membership shopping warehouse clubs in Central America, the Caribbean, and
Asia, selling high quality merchandise at low prices to PriceSmart members .

grupo estate

Raymond James + Associates, Inc.

According to the Neglia analysis, the neighborhoods with the greatest
increases in average sale prices for single family properties were:
Brownsville , up 47%; Corona, up 24%; and Mott Haven, up 38%.

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have decided to close the warehouse club operations of PSMT Mexico, S.A. and currently operates 3 membership warehouse
clubs in Mexico. In the first half of 2004 alone, the average
sale price for single family properties throughout the City increased to
$397,890, an 8% jump over 2003, which had already broken most price
records.NYRealEstateTrends .com.

nicaragua age

de C. The greatest increase was in Manhattan, where
more than 2,400 condos sold for over $1,000,000.

gives caribbean

sec. The joint venture will continue to have real estate assets
and is evaluating various business strategies associated with those assets,
including leasing, selling or further commercial development of the sites.
Speaking for PriceSmart, Inc. Price, Interim Chief
Executive Officer (858) 551-2336; or John M.

central cover

V. The analysis is based on all
sales in public record, and it is the only reference guide in any media
format which makes historical and current information available at no
charge.

housing honduras

and that going forward the
elimination of losses from the Mexico operations will have a positive impact
on the Company's future operating results.

PRESS RELEASE New Study Tracks Changes in New York City Property Values

panama developer

CLEARWATER, Fla.S.NYRealEstateTrends.

communities agricultural

de C. These statements are subject to risks and uncertainties
that could cause actual results to differ materially, including the following
risks: the Company had a substantial loss in fiscal 2003, in fiscal 2004 and
the first quarter of fiscal 2005 and may continue to incur losses in future
periods; the Company is required to comply with financial covenants governing
its outstanding indebtedness and is out of compliance with certain covenants,
which gives lenders the right to accelerate the Company's indebtedness; the
Company's financial performance is dependent on international operations; any
failure by the Company to manage its widely dispersed operations could
adversely affect its business; although the Company has taken steps to
significantly improve its internal controls, there may be material weaknesses
or significant deficiencies that the Company has not yet identified; the
Company is currently defending litigation relating to its financial
restatement; the Company faces significant competition; the Company may
encounter difficulties in the shipment of and inherent risks in the
importation of merchandise to its warehouse clubs; the success of the
Company's business requires effective assistance from local business people;
the Company is exposed to weather and other risks associated with
international operations; declines in the economies of the countries in which
the Company operates its warehouse clubs would harm its business; a few of the
Company's stockholders have control over the Company 's voting stock, which
will make it difficult to complete some corporate transactions without their
support and may prevent a change in control; the loss of key personnel could
harm the Company 's business; the Company is subject to volatility in foreign
currency exchange; the Company faces the risk of exposure to product liability
claims, a product recall and adverse publicity; a determination that the
Company's long-lived or intangible assets have been impaired could adversely
affect the Company's future results of operations and financial position; and
the Company faces increased costs and compliance risks associated with Section
404 of the Sarbanes-Oxley Act of 2002; as well as the other risks detailed in
the Company's SEC reports, including the Company's Form 10-Q filed pursuant to
the Securities Exchange Act of 1934 on January 14, 2005.com is the only site where changes in value for all
neighborhoods in New York City are tracked.

All information was compiled and analyzed by Domenick Neglia, President and
CEO of Neglia Appraisals, Inc.

nicaragua communities

Copies of the prospectus supplement and accompanying
prospectus relating to the offering may be obtained from Raymond James at
Attn: Prospectus Department, 880 Carillon Parkway, St.

American Land Lease, Inc.

agricultural cover

, American Land Lease,
Inc. (NYSE: ANL) today announced the completion of an underwritten public
offering of 900,000 shares of its 7. is a real estate investment trust (REIT) that,
as of December 31, 2004 , held interests in 28 manufactured home communities
with 6,931 operational home sites, 1,101 developed expansion sites, 960
undeveloped expansion sites and 129 recreational vehicle sites. is a 50/50 joint venture of Grupo Gigante S.
A new study compiled by Neglia Appraisals,
Inc.

panama nicaragua

gov.
PriceSmart now operates 26 warehouse clubs in 12 countries and one U.
Neglia at appraisals@neglia.

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75 % Series A Cumulative Redeemable
Preferred Stock at a public offering price of $25 per share. A prospectus supplement relating to
the offering has been filed with the SEC and is available on the SEC's website
at http://www. de C.V. There is also total percent change, and total sales volume
for one, two and three family properties and condos in each of the five
boroughs, as well as totals for all of New York City.

central developer

American
Land Lease will use $10 million of such proceeds to pay down the balance under
a promissory note incurred on February 4, 2005, in connection with the
acquisition of a property in Micco, Florida, and the remainder to pay down its
revolving line of credit.

This press release may contain forward-looking statements concerning the
Company's anticipated future revenues and earnings, adequacy of future cash
flow and related matters. That's a 30% increase
compared to 2003 totals. The
area from Union Square to the West Village showed values 47% higher in 2004
than 2003.NYRealEstateTrends.

mexico generations

This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any sale of
such securities in any state or jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction . Available on
www. The site
is user friendly and is appropriate for industry professionals as well as
anyone buying or marketing a house or condo in New York City., based in Brooklyn, New York .

estate undeveloped

American Land Lease Completes Public Offering of Preferred Stock

The shares
were issued pursuant to an effective shelf registration statement on file with
the Securities and Exchange Commission . and PriceSmart,
Inc.S.com, the analysis reveals that individual sales of
residential properties over one million dollars in the 2004 calendar year
exceeded 3,000 for the first time in history.

honduras longterm

SAN DIEGO, PriceSmart, Inc.com for additional information.

costa agricultural

A.
de C. The closure is expected to be completed by February 28, 2005.A.

Overall, for the 10th straight year, most residential property types in NYC
increased in value for 2004.

Sites concerning real estate, including longterm rentals and sales of residential, commercial, agricultural or undeveloped property.

panama central

(Nasdaq: PSMT) today announced that Grupo Gigante S.V., Robert E. Heffner, Executive Vice President
and Chief Financial Officer (858) 404-8826.

developer nicaragua

A. Price, PriceSmart's Chairman and
Interim Chief Executive Officer said, "Based on current financial projections
management believes that the closing of the Mexico operation should not result
in any significant book loss for PriceSmart, Inc.

longterm principals

The net proceeds to American Land Lease, after deducting discounts and
commissions and estimated expenses , were approximately $21,591,250. These forward-looking statements include, but are
not limited to , statements containing the words "expect," "believe," "will,"
"may," "should," "project," "estimate ," "scheduled," and like expressions, and
the negative thereof. We assume no
obligation and expressly disclaim any duty to update any forward-looking
statement to reflect events or circumstances after the date of this
presentation or to reflect the occurrence of unanticipated events.

Significantly , prices for Manhattan condos finally showed consistent
recovery since 9/11, with average sale prices up 29% compared to 2003.

www. First time
buyers will be delighted with the glossary, which includes
easy-to-understand definitions of common terms used in real estate
transactions.