ClubCorp to Manage New Rees Jones-Designed Golf Course and Other Amenities at Viniterra in New Kent Vineyards Development

NEW KENT, VA--(Marketwire - May 15, 2008) - ClubCorp, the world leader in delivering premier golf, private club and resort experiences, will manage the new Rees Jones-designed golf course and other recreational amenities at Viniterra, the gated community in the New Kent Vineyards development between Richmond and Williamsburg, those involved announced today.

ClubCorp will manage The Viniterra Golf Club, the championship 18-hole golf course which is scheduled to open in early 2009. In addition, ClubCorp will manage the future Viniterra clubhouse, pro shop, teaching studio and other amenities, which include a tennis facility, a swim and wellness center, restaurant and café.

"We're extremely pleased to have ClubCorp become a key player at Viniterra," said Mickey Hayes, president of Viniterra's lead development partner, Kitty Hawk Land Company, a division of Boddie-Noell Enterprises, Inc. "When we look across the range of companies and the level of operations we expect for a premier setting like Viniterra, there's no question that ClubCorp was the name we want to be associated with us here."

Kitty Hawk Land already has a "great relationship" with ClubCorp at its Currituck Club golf community at Corolla, North Carolina, Hayes noted.

"We are thrilled to be adding The Club at Viniterra to our family of fine clubs," stated Eric Affeldt, ClubCorp's president and CEO. "This is a perfect opportunity for us to expand our great relationship with Kitty Hawk Land Company. We believe Viniterra will quickly earn a reputation as a preeminent club and community in the region, and we will work hard to ensure its long-term success."

The championship golf course is one of the signature elements of the upscale Viniterra community which is sited on nearly 1,200 acres within the master-planned community of New Kent Vineyards. Members of Viniterra's country club, golfers, Viniterra estate homesite owners and other homeowners alike, will experience a convergence of lakes, vineyards and uniquely designed fairways for spectacular views.

Viniterra's golf course has been cleared and all of the holes have been developed. The varied topography of the land has worked well in Jones' design of the course with plenty of surprises. For instance, the No. 15 hole, a par-3, will have 15 tee boxes, allowing for varied play expertise and challenge levels. For more details on the Viniterra golf course, including a description of the course by the Rees Jones team, visit http://www.viniterra.com/golf.php.

The course is also being developed in an environmentally sensitive manner -- maximizing water resource protection. ClubCorp, with its many years of experience, brings a wealth of knowledge about water conservation. The golf course will use a collection of lakes and shallow ponds to provide irrigation to the drought-resistant grasses being used throughout.

"The combination of the Rees Jones-designed course, ClubCorp's world-class management of the resort amenity and an experienced golf course superintendent, will provide a truly unique experience," added Hayes.

One of the most distinctive elements of Viniterra is the New Kent Winery, which overlooks acres of existing vineyards. The Bordeaux-style facility enjoys the best in winemaking facilities and makes an exciting architectural statement, constructed with antique and reclaimed historic materials that reach back across centuries. The winery will bottle and sell six varieties of wine for sampling and sale and will be a center of activity in the Viniterra community. It will be joined by an adjacent equestrian facility and nearby polo fields.

About ClubCorp

Dallas-based ClubCorp is The World Leader in Private Clubs(SM). ClubCorp and its affiliates own or operate more than 150 golf courses, country clubs, private business and sports clubs and resorts. ClubCorp's Signature Gold membership level offers complimentary greens fees at more than 90 golf and country clubs and complimentary dining at more than 60 private business and sports clubs. In addition, members with Signature Gold benefits enjoy privileges at more than 200 facilities worldwide that includes exceptional deals at affiliate hotels and resorts (including KSL Resort properties in California, Colorado, Virginia and Texas), ticket and shopping services and more. Among ClubCorp's nationally recognized golf properties are Firestone Country Club in Akron, Ohio (site of the World Golf Championships - Bridgestone Invitational) and Mission Hills Country Club in Rancho Mirage, California (home of the Kraft Nabisco Championship). The renowned collection of business and business sports clubs include the Columbia Tower Club in Seattle; Metropolitan Club in Chicago; and the City Club of Washington, D.C. More than 15,000 employees within the family of ClubCorp serve nearly 200,000 member households and more than one million guests who visit ClubCorp's clubs each year. Visit www.clubcorp.com for additional company information.

About Viniterra

Viniterra is a new gated residential community in the New Kent Vineyards development between Richmond and Williamsburg just off of Interstate 64 in history-rich New Kent County. Featuring amenities that include an 18-hole championship Rees Jones-designed golf course and clubhouse, a picturesque winery, vineyards and a nearby village of shops, the development includes a variety of home sites set in wooded Virginia wine country. For more information, visit www.viniterra.com. Kitty Hawk Land Co. has been developing successful communities for more than 50 years such as the Currituck Club in Corolla, N.C. Other communities include Arlington Place, a waterfront residential community on the Neuse River near New Bern, N.C. and Marshes Light, a waterfront development in historic downtown Manteo, N.C. For more information, visit www.kittyhawklandcompany.com

Contact Information: Contact: Rick Rountree 919-878-1144