Wednesday 13, 2008 update**

Los Angeles County Economic Development Corporation to
Release 2008 - 2009 Economic Forecast & Industry Outlook

***
Chief Economist and Sr. V.P. Jack Kyser To Release Critical Data On Economy

What: 2008 - 09 LAEDC ECONOMIC FORECAST & INDUSTRY

OUTLOOK: “Investing In Los Angeles”

Despite economic uncertainty, major investments are being made in LA County that will transform the Los Angeles economy in coming years. Hear from industry leaders on why billions of dollars are being invested in LA and what we can expect for the economy in 08.

Who:

Jack Kyser, Chief Economist and Senior V.P., LAEDC

Leslie Appleton-Young, Chief Economist, Calif. Assn. of Realtors

Dr. Jay Bryson, Global Economist, Wachovia, Nat’nl Econ.

Remco Waller, Chief Financial Officer, TESCO

Tim Leiweke, President & CEO, AEG -- William Witte, Pres., Related Companies

Robert Bach, National Director of Market Analysis, Grubb & Ellis

Frank Mottek, Panel Moderator, Host, KNX 1070 AM Business Hour

When: WEDNESDAY, Feb. 20, 2008 (please call for link & Interviews)
7 A.M. – 8 A.M. Breakfast & Check-in. Program: 8 A.M. – 10 A.M.

Where: Marriott Hotel, Downtown Los Angeles

333 S. Figueroa St., Los Angeles, CA 90071 * (866) 210-8879

Background:

On Wednesday, February 20, 2008, LAEDC Senior Vice President and Chief Economist Jack Kyser will be joined by a panel of industry leaders from companies AEG, Related California, TESCO, Grubb & Ellis, CA Assn. of Realtors, and Wachovia to discuss the LA economy for 2008. Despite economic uncertainty across the country, major investments are being made in LA County.

From the 4th largest bank in America (Wachovia) to the 3rd largest retailer in the world (TESCO, parent company of Fresh & Easy Neighborhood market), and from the world's largest owner of sports teams and sports events (AEG) to one of the largest real estate developers (Related Companies), billions of dollars are being invested here that will markedly transform the regional economy in coming years. Come hear a panel of principals with these firms explain why they are investing in LA.

2008 also looks to be impacted by distress in the housing industry, nervous financial markets, and labor strife in the motion picture/television production industry. What can we expect the economic impacts to be? Come find out first hand at this event.

[Media interviews call Geo. McQuade 818) 340-5300 Publicity@mayocommunications.com.]