PROPERTY DEVELOPMENT — INVESTMENTS — ACQUISITIONS

FMS Management is a continuation of Frank Mercede and Sons,
founded in 1927 by Frank Mercede Sr.

Headed by third generation President and CEO Frank J. Mercede, the
company continues the unique culture and spirit of the company’s heritage and past leadership under Nicholas J. Mercede, while adding new energy, technical know-how and acumen to the mix.

FMS Management’s core property portfolio in Fairfield County Connecticut is the underlying strength and the key focus of its property
investment business. Working in partnership with local authorities, financial
investors and other property developers continues to be a key factor in
the group’s future growth. Seeking, acquiring and assembling land for
development and then delivering planning and zoning approvals is one of
the group’s fundamental strengths. With a strong and experienced in-house
team of land negotiators, legal counsel and property managers, all with
expert knowledge of the market, the group is able to create successful
development solutions, essential to achieving the best outcome for FMS
partners.