Statement From The Cliffs Communities

January 11, 2009

TRAVELERS REST, SC – January 9, 2009 – The Cliffs Communities issued the following statement today in response to the Associated Press story claiming Jim Anthony, the Company’s Founder, was stepping down to retire.

James B. Anthony has not retired, nor is he planning to retire in the foreseeable future, as President of The Cliffs Communities, Inc., and we regret that comments made during this interview about his changing role lead to that conclusion.

As a result of the continuing evolution in the management structure and normal corporate succession planning at The Cliffs Communities, Jim Anthony now has the opportunity to direct more of his efforts to global strategic planning and health and wellness initiatives, but he will still be actively involved in the business. The Cliffs’ executive team, including his son Lucas, supported by senior management, will help guide the company according to Mr. Anthony’s vision, with his active participation.

‘The Cliffs Communities has been a part of my everyday life for the past twenty plus years,’ said Jim Anthony, ‘and that will not change. Or maybe I will start taking off every other weekend!’

About The Cliffs Communities

Founded in 1991 by Jim Anthony, The Cliffs Communities is devoted to the sensible development of residential communities and other properties, within the United States and around the world. The Cliffs’ domestic properties include eight premier, private master-planned residential communities located in the heart of the Carolina Preserve near Asheville, NC and Greenville, SC, collectively bordered by hundreds of thousands of acres of national forests and state parks in the Blue Ridge Mountains. Ownership in any one of The Cliffs’ eight communities carries the exclusive opportunity to become a Cliffs’ Member, with privileges that include access to The Cliffs’ international properties stretching from the marine preserves off the British Columbia coast to the virgin shoreline of Patagonia, Chile and the beaches and reefs of the private island of Cornish Cay in the Abacos, Bahamas. The Cliffs offers homesites from $200,000 to over $3,000,000 and custom homes from $700,000 to $5,000,000.

To discover panoramic living at The Cliffs, call (877) 254-3371 or visit