CORRECTING and REPLACING Rudolph and Sletten Named for Preconstruction Services for 9900 Wilshire Condominium Project

IRVINE, Calif.--(BUSINESS WIRE)--Please replace the release dated July 31, 2008 with the following corrected version due to changes to the fifth graph.

“The 9900 Wilshire development represents a new paradigm in quality for residential construction”

The corrected release reads:

RUDOLPH AND SLETTEN NAMED FOR PRECONSTRUCTION SERVICES FOR 9900 WILSHIRE CONDOMINIUM PROJECT

Rudolph and Sletten, Inc. announced today that it has been awarded the preconstruction services contract for the proposed luxury condominium project ‘9900 Wilshire’ positioned on Wilshire Boulevard in Beverly Hills. The site is owned by Project Lotus LLC, a joint venture between CPC Group, the Guernsey, UK-based property development business owned by Christian Candy and Kaupthing HF, the largest Icelandic bank.

The site, situated in the heart of one of the country’s most prestigious neighborhoods, will require detailed logistics sequencing and preplanning to minimize the impact to the community. In preparation for the new towers, Rudolph and Sletten will also be responsible for moving a water pipe that feeds the city of Santa Monica. This new pipe system has been ordered and is currently in fabrication. The construction activities will commence following its arrival. A great emphasis will be placed on mitigating traffic, noise, and other environmental effects during construction.

The iconic project includes 235 luxurious and environmentally responsible condominiums that will be constructed within two residential towers overlooking the west entrance to Beverly Hills on the site of the former Robinsons-May Department store. The project will be built to achieve a Gold Leadership in Energy and Environmental Design (LEED) standard, one of the highest recognitions from the U.S. Green Building Council.

The complex is being designed by world-renowned architects Richard Meier and Partners. It won the American Institute of Architects Architectural Design Award in 2007. Exclusive interior design company Candy & Candy, Inc. has been appointed as development managers and will be leading the interior design.

The development is positioned within one third of the eight-acre site and includes extensive private and public gardens designed by Olin Partnership, internationally acclaimed landscape architects.

The new residences will offer extensive amenities appropriate to such a luxurious address including concierge service, valet parking, and fitness spa facilities. The project aims to consume 25% less energy, use 50% less water, and create less greenhouse emissions than comparable residential buildings.

“The 9900 Wilshire development represents a new paradigm in quality for residential construction,” said Rudolph and Sletten Project Executive John McRitchie. “We are fully engaged in preplanning all aspects of the project to bring this award-winning Richard Meier and Partners design to fruition.

“Our dedication to safety and community during construction complements the 9900 Wilshire commitment to smoothly integrate into this vibrant and historical area,” McRitchie added. “Rudolph and Sletten’s leadership in quality management and implementation will ensure that this project successfully represents the world-renowned reputation of the Candy & Candy brand.”

The construction quality of the condominiums will be exacting in its precision and unique in its material selection. The façade of the buildings will have large areas of specialized glazing, terracotta panels, and finished concrete. The visionary interior design developed by Candy & Candy transcends traditional luxury to create a lifestyle environment of the utmost sophistication.

About Rudolph and Sletten, Inc.

Rudolph and Sletten, Inc. (www.rsconstruction.com) is one of the leading general contracting firms on the West Coast. Rudolph and Sletten is a wholly owned subsidiary of Perini Corporation (NYSE:PCR), the country’s ninth largest construction services company. As a pace setter in the construction industry, Rudolph and Sletten has provided quality-oriented general contracting and construction management services for four decades. Rudolph and Sletten’s expert professionals manage each job comprehensively, from site selection and preconstruction services through project completion. With its corporate headquarters in Redwood City, the company also has regional offices in Roseville, Irvine, and San Diego, California.

Rudolph and Sletten’s building expertise includes virtually all types of projects with an emphasis on those markets where their technical expertise and quality excel: biotechnology and pharmaceutical research and manufacturing; electronics; nanotechnology; healthcare; and high-tech research. Other areas of expertise include corporate campuses and office buildings, hospitality, entertainment and gaming, educational institutions, and mixed-use retail facilities. Rudolph and Sletten’s current clients include Hewlett-Packard, Genentech, Kaiser Permanente, Stanford University, the Monterey Bay Aquarium, Johnson & Johnson, Agilent Technologies, and the UC and CSU University systems.

About Perini Corporation

Perini Corporation (NYSE:PCR) is a leading construction services company offering diversified general contracting, construction management, and design-build services to private clients and public agencies throughout the world. Perini has provided construction services since 1894 and has established a strong reputation within their markets by executing large complex projects on time and within budget, while adhering to strict quality control measures.

Perini Corporation (www.perini.com) offers general contracting, preconstruction planning, and comprehensive project management services, including the planning and scheduling of the manpower, equipment, materials, and subcontractors required for a project. Perini also offers self-performed construction services including site work, concrete forming, and placement and steel erection. They are known for their hospitality and gaming industry projects, sports and entertainment, educational, transportation, healthcare, biotech, pharmaceutical, and high-tech facilities, as well as large and complex civil construction projects and construction management services to U.S. military and government agencies.

About CPC Group

CPC Group is a privately owned property development business based in Guernsey. It specializes in premium residential projects in a number of international markets. Current projects include some of the most sought after addresses in Dubai, Qatar, and Monaco, with focus predominantly in central London. CPC Group is passionate about property and the projects that it works on. The team continually seeks to innovate and challenge how things are done today, in order to define how they will be done in the future. They deliver the best and strive to be better, uncompromising in their commitment to the standards and integrity of the company.

www.cpcgroup.gg

About Candy & Candy, Inc.

Candy & Candy, Inc. is a subsidiary of Candy & Candy, Ltd., the exclusive interior design and development management company with headquarters in Knightsbridge, London.

Candy & Candy are luxury interior designers, development managers, and lifestyle consultants. Our design philosophy is to offer a complete lifestyle, one which is bespoke, luxurious, and unique. Our mission is to become the most highly regarded global brand in the super luxury lifestyle sector. Whether it is a spectacular apartment in London, New York, Beverly Hills, or Monaco, or the interior of a super luxury yacht, Candy & Candy choose the finest locations internationally and are the exemplary designers of choice for the ultra affluent. Accolades include seven time winner of the Best UK Property at the International Property Awards, Best Contemporary Interior Designer Awards, and Evening Standard Best Lifestyle Awards.

For more information please contact:

Nina Sanders

Tel: [phone]

[e-mail]

www.candyandcandy.com