November 7, 2005--San Diego, California--Exeter Exchange Management Corporation ("EEMC") was formed as a California corporation and will operate out of the San Diego Corporate Headquarters Office of The Exeter Group of Companies.
William L. Exeter, president and chief executive officer, stated that "Exeter Exchange Management Corporation ("EEMC") serves as the Registered Agent for Service of Process for the various entities operating within The Exeter Group of Companies, as well as other client entities, many of which were formed and used in clients' 1031 Exchange transactions. EEMC serves as Registered Agent for Service of Process for entities operating in California, South Dakota and Delaware."
"EEMC also serves as the independent Manager for investors' Limited Liability Companies ("LLCs") that have been set-up and are owned by/through the investors' Self-Directed Individual Retirement Accounts (Self-Directed IRAs), which are often referred to as Checkbook IRAs. Exeter Exchange Management Corporation provides complete management and administration services for these Limited Liability Companies ("LLC Manager")," Mr. Exeter further stated.
Exeter Exchange Management Corporation's corporate website will be www.exeterexchange.com.
