Agreement Between Superior Group and Traid Resorts Reached

A 60 percent interest memorandum was announced today August 8, 2006 by the Superior Development Group Inc. in Triad Resort, LLC. The Triad is a Nevada Limited Liability Corporation that is developing casino and hotel properties for the resort destination gaming industry.

60 percent ownership interest will be led by Superior Development under the agreement. The Triad plan is to develop casino resort in Jackpot, Elko and Wendover. Traid's frist project will be in Jackpot, the project is to build a casino resort on 113 acres of land.

The development would consist of a four-star condo/hotel featuring 301 rooms, a 50,000 square-foot building that will include a casino, spa and salon, three restaurants and gift shops, an indoor 30,000 square-foot water park with 550 people capacity, a RV park with 80 full-service spaces, indoor climate controlled center that features bleacher seating for up to 4,000 people, as well as floor seating for 1,200 people and an outdoor multiuse arena featuring 100 indoor stalls and four concession stands. Casinos in Elko and Wendover will feature the same type western theme.

Superior Development's agreement with Triad, they will earn development fees an estimated of $18 million for each casino. The three projected casino are estimated to be operational in 24-60 months.

Chairman and CEO of Superior Development, Derrick Neal said, "We are pleased that Triad has selected our Company to be its partner and lead developer in this awesome venture."

Patrick Howard, Triad's managing member, also stated that, "We are excited to have Superior Development join in with us as we move forward to complete the financing and begin construction of our casino projects."