FMP Feldman Mall Pptys

GREAT NECK, N.Y., March 18 /PRNewswire-FirstCall/ -- Feldman Mall Properties, Inc. (NYSE:FMP) announced today that the Company filed an extension with the Securities and Exchange Commission for additional time to file its Annual Report on Form 10-K for the year ended December 31, 2007. The extension is required in order to complete its normally required year-end reporting requirements and assessment of the effectiveness of its internal controls over financial reporting, as required by Section 404 of the Sarbanes-Oxley Act of 2002. This extension is permitted pursuant to Rule 12b-25 under the Securities Exchange Act of 1934, as amended. The Company intends to file its Annual Report on Form 10-K for the year ended December 31, 2007 by no later than April 1, 2008. In addition, the Company expects to include detailed additional property related information in the filing of the report and intends to provide an update on strategic alternatives, cost savings initiatives and property level performance. About Feldman Mall Properties Feldman Mall Properties, Inc. acquires, renovates and repositions enclosed regional shopping malls. Feldman Mall Properties, Inc.'s investment strategy is to opportunistically acquire underperforming malls and transform them into physically attractive and profitable Class A malls through comprehensive renovation and re-tenanting efforts aimed at increasing shopper traffic and tenant sales. For more information on Feldman Mall Properties Inc., visit the Company's website at http://www.feldmanmall.com/. Forward-looking Information This press release contains forward-looking statements that involve risks and uncertainties regarding various matters, including, without limitation, the success of our business strategy, including our acquisition, renovation and repositioning plans; our ability to close pending acquisitions and the timing of those acquisitions; our ability to obtain required financing; our understanding of our competition; market trends; our ability to implement our repositioning plans on time and within our budgets; projected capital and renovation expenditures; demand for shop space and the success of our lease-up plans; availability and creditworthiness of current and prospective tenants; and lease rates and terms. The forward-looking statements are based on our assumptions and current expectations of future performance. These assumptions and expectations may be inaccurate or may change as a result of many possible events or factors, not all of which are known to us. If there is any inaccuracy or change, actual results may vary materially from our forward-looking statements. DATASOURCE: Feldman Mall Properties, Inc. CONTACT: Thomas E. Wirth, President & Chief Financial Officer, or Larry Feldman, Chairman, both of Feldman Mall Properties, Inc., +1-516-684-1239; or Scott Eckstein of Financial Relations Board, +1-212-827-3766, , for Feldman Mall Properties, Inc. Web Site: http://www.feldmanmall.com/

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