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Wellington International Equestrian Arena Showgrounds Continues to Prep for 2009 Season

Group Reconfirms Commitment to Wellington and the Wellington Preserve Property

WELLINGTON, FL - JULY 3, 2007 - Stadium Jumping announced today that the Wellington International Equestrian Arena (WIEA) at the Wellington Preserve has received DRC (Development Review Committee) Certification for the Petitions for both the Master Plan Amendment and the Development Order Amendment for the Wellington International Equestrian Showgrounds.

This certification allows for the project to continue through the approval process. The DRC is composed of Wellington staff members and consultants from various Village departments. There are two components to the application-an amendment to the existing Orange Point PUD development order and an amendment to the existing Orange Point PUD master plan.

In addition to its DRC certification, Stadium Jumping has been hosting a series of forums with neighborhood groups. The next forum for all equestrians will be held on Monday, July 9 at 6:00 p.m. A presentation of the project will be made followed by a question and answer session. To receive an invitation to the community forum email EquestrianArena@hotmail.com These forums are in addition to public hearings that will be held by the Village of Wellington as part of the group's application review process.

The forums have allowed interested property owners and equestrians the opportunity to learn more about the new world class showgrounds and amenities, as well as the details of the project and approval process. In addition to these local forums, Stadium Jumping hosted a reception at the Lake Placid Horse Show in New York on Friday. Equestrians had the opportunity to view the renderings and discuss the project with its designers and Stadium Jumping executives.

The project has been called one of the most significant equestrian projects in North America. A world-class team of professionals are part of the blue ribbon panel of experts working on this project including internationally recognized equestrian designer Robert Jolicoeur and nationally recognized and local firms that specialize in engineering and environmental issues. The project is slated to bring significant benefit to neighborhoods surrounding the arena, the Village of Wellington and the entire region by maintaining land values and creating businesses, jobs, and tax revenues.

The group announced the Wellington Preserve Corporation will be donating 179 acres of land for the project. In addition to its donation of the land, the Wellington Preserve Corporation will be contributing a portion of the surrounding lot sale proceeds for the construction of the new facilities. The group continues to evaluate a number of financing options but is not seeking funding from the Village.

"We are grateful to the Wellington Preserve Corporation for working with us on this important project. Today, we are at an exciting stage in this process," said Gene Mische, Chairman and CEO of Stadium Jumping. "From the design and facilities to the environmental standards and planning, this effort has been unmatched in terms of quality considerations. I have no doubt as we continue to go through this process that we are building something special for the community and generations to come."

The WIEA will meet the new facility standards established by the United States Equestrian Federation (USEF), and will exceed visitor and participant expectations for show quality and ambiance. Its facilities for riders, horses, vendors and spectators will be unparalleled, according to various experts in the equestrian industry.

Applications for development approval and a conceptual master plan have been submitted to the Village. The following details are included as part of the project description:

Target Opening: 2009

Size: Approximately 179 Acres

Show Facilities: World-class standards approved by the USEF (See attached Conceptual Master Plan):

Accessory Uses: All uses will be associated with equestrian show activities.

In addition to the details surrounding the site and plans, the group will discuss the issues that will be addressed with neighbors, the Village, and other governmental agencies.

The facility will be available to the public for equestrian uses. Constraints on public use are security, liability, the need to protect competition surfaces, and to protect surrounding property owners from other unrelated events.

The group outlined its application and approval process including an Equestrian Committee Meeting on July 11, a Planning and Zoning Board meeting on August 2, and a Village Council meeting on August 28. It is expected to break ground as soon as the final approvals are received.

The group reaffirmed its commitment to continue to provide further outreach to the equestrian community, business interests, and all residents of Wellington. The group will be using new technology to communicate to the equestrian community, especially due to diverse geography of interested parties. The group has committed that all interested parties will have the same opportunity to review the information and comment on it, regardless of their geographical location. The site plan, renderings and other communication will be available for viewing at Stadium Jumping's website at http://www.stadiumjumping.com. To be included on the email list contact EquestrianArena@hotmail.com.

About Stadium Jumping Inc.

Stadium Jumping currently operates and manages major hunter/jumper and dressage events in Wellington at the Palm Beach Polo Equestrian Club. The major events held at the showgrounds are:

- National Horse Show. One of America's oldest and most prestigious shows that has been running since 1883.

- Winter Equestrian Festival. Nearly 5,000 horses show at this event that features over $4 million in prize money.

- Nation's Cup. The first Five Star equestrian event ever held in the United States.

One of the world's largest and most respected producers of equestrian events, Stadium Jumping, Inc. has produced the highly successful Winter Equestrian Festival since its inception in Wellington, Florida, in 1979. The company also manages the National Horse Show and Family Festival, now in its fifth year at the same show grounds. Before the equestrian tour moved to Wellington, Stadium Jumping created and operated the long-running Sunshine Circuit in other parts of Florida. The company also manages equestrian events in Lake Placid, NY; New Albany, Ohio; Tampa, FL; Cleveland, Ohio; and Charlotte, NC.

Photo: Simple blueprints of the future Wellington International Equestrian Arena Showgrounds.


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