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W.C. & A.N. Miller Realtors(R) Merges With The Long & Foster(R) Companies

New Entity Will Operate as W.C. & A.N. Miller Realtors, a Long & Foster Company

FAIRFAX, VA -- (MARKET WIRE) -- 02/07/07 -- P. Wesley Foster, Jr., founder and CEO of The Long & Foster® Companies, and Edward J. Miller, Jr., President and CEO of W.C. & A.N. Miller Companies, today announced that W.C. & A.N. Miller Realtors has merged with Long & Foster Real Estate, Inc., the largest privately-owned real estate company in America. W.C. & A.N. Miller, Realtors was formerly a division of W.C.& A.N. Miller Development Company, a 95-year-old, local family-owned real estate development company. The Miller Realtor offices and agents will retain the Miller name and signage, operate under the name W.C. & A.N. Miller, Realtors, A Long & Foster Company, and will remain under the leadership of Michael Seay. The firm will also retain its affiliation with Christie's Great Estates.

In making the announcement, Foster said, "Long & Foster is proud to add the W.C. & A.N. Miller Realtor group to our family of outstanding companies. Like Fonville Morisey Realty in Raleigh-Durham, North Carolina, which we also recently acquired, the Miller residential brokerage group has an outstanding reputation for excellence earned over many decades."

Brenda Shipplett, president and chief operating officer of The Long & Foster® Companies, added that "Miller agents are known for providing the highest level of customer service to their clients and customers. They are also deeply involved in the communities in which they do business."

According to Miller, this merger gives the Realtor group the resources it needs to grow and compete and to continue to serve its clients. "As for the Miller Companies, it gives us an opportunity to expand our new homes group, land acquisition and development, commercial acquisition and development and existing portfolio of commercial properties. We could not have picked a company that better mirrors Miller's commitment to customer service and community commitment to carry on our legacy," Miller emphasized.

All seven W.C & A.N. Miller Realtor sales offices will continue to operate as full service offices. They are located in Bethesda, Chevy Chase North, Chevy Chase South, North Potomac, Potomac, Spring Valley, and McLean, Va. Miller currently has nearly 400 agents and employees, including those of Greenway Lending who will join Long & Foster's Prosperity Mortgage affiliate.

With the addition of the seven Miller residential real estate sales offices, Long & Foster will have 259 offices in Washington, D.C. and the seven-state Mid-Atlantic region, and nearly 17,000 Realtors. Combined real estate sales for the two companies for 2006 would have been nearly $40 billion.

Background Information on The Long & Foster® Companies and W.C. & A.N. Miller Development Company.

The Long & Foster® Companies is family owned and operated and is the largest privately-held real estate company in America. The firm consists of Long & Foster® Real Estate, Inc., Prosperity Mortgage® Company, Long & Foster Insurance Agency, Inc., Long & Foster Settlement Services, VISION Relocation Group®, and the Long & Foster Institute of Real Estate®. The firm also engages in commercial real estate, new home sales, property management, leasing services, relocation services, resort rentals, and Home Service Connections® activities. For more information on the Long & Foster Companies, go to www.longandfoster.com.

W.C. & A.N. Miller is a real estate services company serving the Washington Metro area since 1912. Best known for building in Spring Valley and Sumner, Miller's companies currently include new homes, land acquisition and development, and commercial development, leasing, and management. For more information about the W.C. & A.N. Miller Companies visit www.wcanmiller.com.


Contact:
Juli Verrier
703-359-1762 (office)
703-408-8558 (cell)
Email Contact

Nancy Daniel
W.C. & A.N. Miller
301-588-2373 (office)
240-678-4737 (cell)

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