LAEDC 2007-08 Forecast & Industry Outlook —Job Growth—Commercial Real Estate Hot, But Entertainment And Housing Will Encounter Some Rough Going

EMBARGOED STUDY RESULTS UNTIL
WEDNESDAY, February 21, 2007 12:01 A.M. (PST)

What:
Presentation of 2007-2008 LAEDC Forecast for Southern CA Economy & Event

Plus expert panel on outlook for housing, entertainment, and financial markets

Report embargoed until 12:01 A.M. Wed., Feb. 21, 2007

Who:

Jack Kyser, Senior Vice President and Chief Economist, LAEDC
Leslie Appleton-Young, Chief Economist, California Association of Realtors
Richard A. Weiss, Chief Investment Officer, City National Bank
Steve MacDonald, President, FilmLA
Frank Mottek, Moderator, Host of KNX 1070 Business Hour
Before an audience of 600 business and civic leaders

When:

WEDNESDAY, FEB. 21, 2007 8:00 - 10:00 AM
7:30 AM - 8:00 AM
Registration Continental breakfast

Where:
Los Angeles Marriott Downtown
333 S. Figueroa Street
Los Angeles, CA 90071 Hotel Ph:
(213) 617-1133

Background:

More than 600 of the region's top business, civic and political leaders are expected to turn out for LAEDC's release of its 2007- 2008 Economic Forecast, Wed., Feb. 21, 2007 at an event where experts will also discuss housing, the financial markets, the entertainment industry and the overall health of our regional economy.

Find out about trends in such key local industries as aerospace, fashion, international trade, tourism and retail.

[Editors: Please call for an advanced copy of the embargoed study or link, and to do advanced interviews with LAEDC Chief Economist Jack Kyser, and LAEDC President Bill Allen. Spanish speakers available, too. The study results will be posted at 12:01 A.M., Tues, Feb. 20, 2007, @ www.MayoCommunications.com and www.laedc.org. Media please call for advanced copy or study link. For interviews call, George McQuade @ 818-340-5300 or 818-618-9229]