Feldman Mall Properties, Inc. Announces Start of Trading

GREAT NECK, N.Y., July 7 NY-Feldman-Mall


GREAT NECK, N.Y., July 7 /PRNewswire-FirstCall/ -- Feldman Mall
Properties, Inc. (Pink Sheets: FMLP) announced that the Company began trading
of its common stock today on the Over the Counter Pink Sheets and will no
longer trade on the New York Stock Exchange.  Quotes may be obtained at
http://www.pinksheets.com under the ticker trading symbol "FMLP." The Company
expects to begin trading in the near future on The OTC Bulletin Board under
the symbol OTCBB: FMLP.



About Feldman Mall Properties, Inc.


Feldman Mall Properties, Inc. acquires, renovates and repositions enclosed
regional shopping malls. Feldman Mall Properties Inc.'s investment strategy is
to opportunistically acquire underperforming malls and transform them into
physically attractive and profitable Class A or near Class A malls through
comprehensive renovation and re-tenanting efforts aimed at increasing shopper
traffic and tenant sales. The Company's portfolio, including non-owned anchor
tenants, consists of seven regional malls aggregating approximately 7.0
million square feet of which the Company owns approximately 4.1 million square
feet. For more information on Feldman Mall Properties Inc., visit the
Company's website at http://www.feldmanmall.com.



Forward-looking Information


This press release contains forward-looking statements that involve risks
and uncertainties regarding various matters, including, without limitation,
the success of our business strategy, including our acquisition, renovation
and repositioning plans; our ability to close pending acquisitions and the
timing of those acquisitions; our ability to obtain required financing; our
understanding of our competition; market trends; our ability to implement our
repositioning plans on time and within our budgets; projected capital and
renovation expenditures; demand for shop space and the success of our lease-up
plans; availability and creditworthiness of current and prospective tenants;
and lease rates and terms. The forward-looking statements are based on our
assumptions and current expectations of future performance. These assumptions
and expectations may be inaccurate or may change as a result of many possible
events or factors, not all of which are known to us. If there is any
inaccuracy or change, actual results may vary materially from our forward-
looking statements.



SOURCE  Feldman Mall Properties, Inc.