WCI Communities, Inc. today has announced here of the adjournment of its Annual Meeting of Shareholders to August 30, 2007.  While justifying the cause of its sudden announcement of the adjournment the Company has stated that the decision was adopted on the behalf of the Board for agreeing to the prospective purchasers of the Company to go on with their due diligence in the Company's sale process. It has also been averred that by this the Company shall be able to make the shareholders knowledgeable with additional information regarding the sale process before the time they advocate their voting rights for the election of the directors.

WCI Communities, Inc. is a renowned organization in the trade of home buildings and was made America's Best Builder in 2004 by the National Association of Home Builders and Builder Magazine. From its inception in 1946 the Company has been engaged in the creating of amenity-rich, master-planned lifestyle communities. The WCI based in Florida caters to primary, retirement, and second-home buyers in Florida, New York, New Jersey, Connecticut, Maryland and Virginia. The company excels in the offering of traditional and tower home choices with prices from the upper-$100,000s to more than $10 million and features a wide array of recreational amenities in its communities. In addition to homebuilding, WCI generates revenues from its Prudential Florida WCI Realty Division, title businesses, and its recreational amenities, as well as through land sales and joint ventures. The company at present owns and controls developable land on which the company plans to build over 21,000 traditional and tower homes.

While being asked by the Press & Media about the sudden adjournment Don E. Ackerman, Chairman of the Board, said, "The management and financial advisors of WCI have been meeting with entities who have expressed a serious interest in WCI.  The Icahn Group recently entered the process and is progressing with property tours, management meetings, and other due diligence. Although no assurances can be given that WCI will enter into a sale agreement, we believe that in order to achieve the highest possible price for WCI's unique assets and opportunities, additional time is required to complete the process." Mr. Ackerman also noted that numerous shareholders have expressed support for a delay of the Meeting.

According to the latest decision of the Company, the Meeting will be initiated on its previously scheduled date of June 15, 2007, but shall be postponed without delay by the Chairman. The main intention is to restrain the introduction of any shareholder vote on any matter, with the purpose of preserving the April 30, 2007 record date for the determination of shareholders who are at liberty to receive notice of and vote at the August 30 Meeting.