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To: P.S.N. who wrote (29989)	2/23/2000 10:17:00 AM
From: SSP	Read Replies (1) \| Respond to of 150070

Lahaina Acquisitions Reports Net Income of $305,655 for First Quarter Business Editors ALPHARETTA, Ga.--(BUSINESS WIRE)--Feb. 23, 2000--Lahaina Acquisitions, Inc. (OTC Bulletin Board: LAHA)("Lahaina" or "The Accent Group"), a leading mortgage brokerage services provider, today reported its results of operations for the first quarter ended December 31, 1999. Revenues for the three-month period totaled $2,777,142, which includes a gain of $1,090,781 relating to the previously announced sale of certain development rights associated with a tract of undeveloped land in McMinn County, Tennessee. Net income for the three-month period totaled $305,655, or basic and diluted earnings of $0.02 per share. Net income reflects a tax provision of $115,000, primarily resulting from the tax treatment relating to the sale of Lahaina's wholly owned subsidiary, Beachside Commons I, Inc. etc etc.....