Moana Vista Condominium Project: Recharged, Restarted and Renamed

Honolulu, Hawaii - October 21, 2009 – The court has dismissed the Moana Vistafore closure action (the auction date which had been extended to October 16, 2009) based on the purchase agreement between KC Rainbow II and OliverMcMillan.OliverMcMillan is announcing the closing of the acquisition from KCR as of October 21, 2009 and that it will be renaming the project “Pacifica”.

The tower project formerly known as Moana Vista is planned as a 492 unit residential condominium with ground floor commercial on Kapiolani Blvd between Ala Moana Center and downtown Honolulu. According to Dan Nishikawa, Development Directorfor OliverMcMillan, new exterior elevations, upgraded interior design and resort-level amenities for Pacifica are underway, and will be released in the near future. Pacifica will be well positioned in the market as a tower with tremendous “value” and at a price pointthat will cater to local buyers...