Embry-Riddle to Dedicate Fieldhouse as ICI Center to Honor Contribution by Alumnus Mori Hosseini

Daytona Beach, Fla., May 29, 2002 -- Embry-Riddle will dedicate the fieldhouse on its Daytona Beach, Fla., campus as the ICI Center in appreciation of a generous contribution to the university by Mori Hosseini, president and CEO of ICI Homes and one of the university's most dedicated alumni.

A ceremony to unveil the building's new exterior signage and a reception in honor of Hosseini will be held for invited guests Thursday evening, June 6, 2002, at the ICI Center.

"Embry-Riddle is my university, and I feel strongly about giving back to it for all it has done for me," says Hosseini, whose undisclosed gift is to be used for the university's highest priorities. "I encourage my fellow alumni to join me in supporting the world's leader in aviation and aerospace higher education."

Hosseini graduated from Embry-Riddle's Daytona Beach campus in 1980 with a B.S. in aeronautical studies and an MBA. Prior to that he studied at the Chelsea College of Aeronautical and Automobile Engineering in London, England, where he received a B.S. in aeronautical engineering. Hosseini also holds a private pilot license.

ICI Homes, founded by Hosseini in 1980 as Intervest Construction Inc., is well known for the architectural details it uses in new home construction. Based in Daytona Beach, the company builds more than 700 quality custom homes every year throughout Volusia and Flagler counties and surrounding areas such as Jacksonville, Melbourne, and Orlando.

Ranked among the top 100 builders in the nation by Builders magazine, ICI Homes is at the forefront of the industry as the standard-bearer of excellence. The company is on the cutting edge of new home design and technology and offers a wide variety of architectural styles and floor plans to match each individual's lifestyle and price range.

In formulating new products, ICI Homes uses a team approach that involves architects, interior designers, subcontractors, vendors, marketing and construction staff, and home buyers.

ICI Homes' many honors include the Daytona Beach Area Enterprise Award and 2001 Community Leader Award, the Salvation Army Leadership Award, Florida Entrepreneur of the Year Award in Construction and Real Estate, Volusia County Builder of the Year, and Builder Recognition Award for Habitat for Humanity.

Embry-Riddle, the world's largest, fully accredited university specializing in aviation and aerospace, meets the needs of students and industry through its educational, training, research, and consulting activities. Embry-Riddle educates 24,000 students annually through the master's level at residential campuses in Daytona Beach, Fla., and Prescott, Ariz., at more than 130 teaching centers in the United States and Europe, and through distance learning.