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From: Travis_Bickle	5/2/2006 9:16:36 AM
	of 13

The St. Joe Company Reports First Quarter 2006 Net Income of $0.05 Per Share Tuesday May 2, 7:02 am ET JOE Lowers 2006 Guidance to $1.40 to $1.85 per Share Resort Residential Sales Slow and Resale Inventory Up JOE Remains Committed to Long-Term Value Creation JACKSONVILLE, Fla.--(BUSINESS WIRE)--May 2, 2006--The St. Joe Company (NYSE:JOE - News) today announced that its Net Income for the first quarter of 2006 was $3.7 million, or $0.05 per share, compared to $15.4 million, or $0.20 per share, for the first quarter of 2005. All per share references in this release are presented on a diluted basis. biz.yahoo.com

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