The Timeshare Beat Home | Today's Headlines | Back to Previous Page
|
The Timeshare Beat Home | Today's Headlines | Back to Previous Page |
|
|
|
Press Release: The St. Joe Company
September 20, 2004
PANAMA CITY BEACH, FL -- The St. Joe Company (NYSE:JOE) announced Sept. 16 that the company suffered minimal damage
to its key properties in Walton, Bay and Gulf counties in the wake of Hurricane Ivan. Additional on-site inspections
are consistent with earlier reports. In addition to damage to landscaping, so far we have found relatively minor
damage to our structures. JOE's beachfront developments sustained only some beach erosion, but no dunes were breeched
and there was no flooding in any of JOE's communities.
"Fortunately, it appears Hurricane Ivan will have only minimal impact on our business operations," said
Peter S. Rummell, JOE's chairman and CEO. "Our focus now will be to join with the community to help speed
the region's recovery."
About JOE
The St. Joe Company, a publicly held company based in Jacksonville, is one of Florida's largest real estate operating
companies. It is engaged in town, resort, commercial and industrial development, land sales and commercial real
estate services. JOE also has significant interests in timber.
More information about JOE can be found at our web site at http://www.joe.com.
Forward-Looking Statements
Statements in this press release that are not historical facts are "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements involve risk and
uncertainty, and there can be no assurance that the results described in such statements will be realized. Such
statements are based on current expectations and we undertake no obligation to publicly update or reissue any forward-looking
statements. Risk factors that may cause the actual results to differ are described in various documents filed by
the company with the U.S. Securities and Exchange Commission, including the company's Annual Report on Form 10-K
for the year ended December 31, 2003.
Copyright 2004, The St. Joe Company. "JOE," "St. Joe," and the "taking flight" design
are service marks of The St. Joe Company.
------------------------------------------------------------------
Contact:
The St. Joe Company, Jacksonville
Media Contact: Jerry M. Ray, 904-301-4430
jray@joe.com
or
Investor Contact: Steve Swartz, 904-301-4347
sswartz@joe.com
Source: The St. Joe Company