ALBUQUERQUE, NM--(MARKET WIRE)--Oct 29, 2008 -- Fred Montano, CEO of Falcon Ridge Development Inc. (OTC BB:FCNR.OB - News), an innovative real estate development company, is preparing to take advantage of the changes in the US economy which are creating a real estate boom in Southern New Mexico as large employers relocate and establish operations in business-friendly New Mexico.

While many areas of the country are suffering, other parts of the country where housing is employment driven are doing well. One area of prosperity is Southern New Mexico and Falcon Ridge is currently planning its expansion strategy as recent news indicates a 2.7% increase in new home sales in September. Companies are attracted to Southern New Mexico, which has affordable housing prices and is a great place to live and work.

New employers include Foxconn, a world-wide electronic company expected to employ some 20,000 people near Las Cruces, New Mexico. A nuclear spent fuel recycling power plant is under construction in Eunice, and is expected to employee approximately 5,000 people. Military base relocations to Southern New Mexico/Texas are also underway and will be requiring many new home developments such as those pioneered by Falcon Ridge.

Fred Montano stated, "Our state is attracting employees who want to live in homes that are affordable, environmentally conscious, and safe to raise a family. We pride ourselves on meeting these needs and look forward to developing communities for the new generation of residents."

About Falcon Ridge Development:

Falcon Ridge Development is an innovative real estate development company utilizing precision-built modular homes and environmentally conscious developments individually tailored to the aesthetic and practical needs of their surrounding communities. Common to all Falcon Ridge Communities are sustainable building practices including re-use of all available resources for lower environmental impact, energy, and cost savings for residents.

For more info about the company, see http://FalconRidgeDev.com.

The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein.

     Investors Contact:
     Fred Montano
     505-856-6043