SEDCOR ANNOUNCES APPOINTMENT
OF RAY BURSTEDT AS NEW PRESIDENT

FOR IMMEDIATE RELEASE


February 7, 2006 - Salem, OR: SEDCOR (Strategic Economic Development Corporation) announced today that Raymond Burstedt, has accepted the position of President, effective March 1, 2006. Burstedt is replacing Larry Glassock who will work with Ray during the month of March to ensure a smooth transition of client prospects, development work with the Mill Creek site and other time-critical activities.

Ray comes to SEDCOR with a wealth of economic development experience, having served as Executive Director of the Bannock Development Corporation, the Pocatello Development Authority and the Industrial Development Corporation of Pocatello, Idaho. He holds a Bachelor's Degree in Business Administration from Idaho State University and an Economic Development Certification from the University of Oklahoma. His background also includes work in business consulting, small business development, banking and the oil industry. Ray, is Past President, of the Idaho Economic Development Association.

In his first months at SEDCOR, Ray has an interest in spending a significant amount of time meeting SEDCOR Board Members, community leaders, partners and our general membership. He is looking forward to building solid relationships and learning more about the region and it's unique assets and needs.

Liz Goulard, SEDCOR Board Chair, says "Ray brings a wealth of experience and a solid track record of achievement to this important position. His performance through the selection process, his work record and a site visit indicates that he has an excellent grasp of economic development fundamentals as they apply to the SEDCOR operation and our region. Ray will bring a strong interest in collaboration, innovation and energy to the job."

Salem Mayor Janet Taylor stated, "The City of Salem is solidly behind SEDCOR's efforts and looks forward to working closely with Ray, especially during this transition time. We value the background he brings to the job and are excited that he is bringing his expertise to the region."

"The entire Marion and Polk County region will be well served with Ray's expertise," said Larry Glassock, SEDCOR President. "He will be a strong leader for SEDCOR and will bring new levels of creative economic development initiatives to achieve our mission."

SEDCOR’s mission is to enhance and diversify the economy of the Mid-Willamette Valley by supporting and enhancing the performance of existing businesses and recruiting new businesses to Marion and Polk Counties.

Raymond Burstedt can be reached at 208-221-1946 until 2/18/06.

For information contact Susan Appleby at 503-485-9803 or email sappleby@sedcor.com.

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