Contact: Erin Brock
Andrew J. Groveman
Belz Enterprises

Center to Give Visitors Memphis in May Posters, Chance to Win "Tour of the South"

MEMPHIS, Tenn. (May 1, 2003) - Peabody Place Entertainment and Retail Center will celebrate Memphis in May by giving away a free commemorative, limited edition poster to visitors May 2 to 26.

Shoppers visiting any of Peabody Place Entertainment and Retail Center's stores and restaurants during this time will receive one free individually numbered event poster. The colorful poster - designed especially for the festival by artist Larry Moore - illustrates the food, music and fun of Memphis in May events. The center's shops and eateries will give away 30,000 posters during the festival.

"Like Peabody Place Entertainment and Retail Center, Memphis in May is a vital part of the renewed energy and appeal of downtown Memphis," said Belz Enterprises Senior Vice President Andy Groveman. "We're proud to offer our shoppers a memento of this outstanding annual festival."

The limited edition numbers on each poster offer a chance for shoppers to win a grand prize of an eight-day "Tour of the South" trip, including stops in Memphis, New Orleans and Orlando. Other prizes include four $250 Peabody Place Entertainment and Retail Center shopping sprees and Peabody Place Museum tickets.

About Belz Enterprises
With headquarters in Memphis, Belz Enterprises is a multi-faceted real estate company with more than 30 million square feet of developed property including more than 40 shopping complexes, ranging from community shopping centers to regional malls. Belz developed and manages Factory Outlet Worlds in Lakeland and Pigeon Forge, Tenn.; Las Vegas, Nev.; St. Augustine, Fla. and Orlando, Fla., where the company also operates the Belz Designer Outlet Centre. In 2001, the firm opened Belz Factory Outlet World-Puerto Rico, the first enclosed factory outlet mall on Puerto Rico. In addition, Belz operates the 100 Oaks Mall in Nashville, Tenn. The company also has developed and owns a group of premier hotels, including the flagship Peabody Hotels in Memphis and Orlando and the recently opened Peabody Hotel in Little Rock, Ark.

About Memphis in May
The Memphis in May International Festival is a month-long celebration of international color, cuisine and culture. In addition to producing such premier events as the Beale Street Music Festival, the World Championship Barbeque Contest, DestiNations Family Festival, and the Great Southern Food Festival featuring the Sunset Symphony, Memphis in May provides an extensive education program designed to teach area students about the culture and commerce of the honored country.