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Superior Development Group, Inc. Announces Financing Plans and Terms for the Spanish Bit Hotel & Casino in Jackpot, Nevada

Superior Development Group, Inc. (PINKSHEETS: SDVG) ("Superior Development") announced today that Triad Resorts, LLC, a Nevada Limited Liability Corporation, and Superior Development have entered into discussions with Capmark Financial Group Inc. (Capmark), formerly known as GMAC Commercial Holding Corporation, to provide financing for the proposed Spanish Bit Hotel & Casino in Jackpot, Nevada as stated in the press release on August 7, 2006. Initial discussions with Capmark indicate that the financing plan and terms will be a 70% loan to cost and an interest rate of 250 to 300 basis points above libor.

Superior Development also announced that it has also entered into discussions with Newbridge Securities Corporation to privately place its secured convertible preferred stock to provide the equity for the proposed hotel and casino. Derrick Neal, President and CEO of Superior Development, commented, "We are very pleased about the interest that we have received from the institutional financial community for the financing of this project and we are equally pleased that Triad Resorts, LLC, our partner in this venture, under the leadership of Patrick Howard, has put together such a unique resort hotel and casino deal."

About Superior Development Group, Inc.

Superior Development Group, Inc. is a publicly traded multi-faceted real estate development Company that primarily develops affordable single and multifamily housing communities. The Company operates through subsidiaries which purchase raw land or undervalued properties, improves them and profits from the investment through development fees, sales income or rental income. In addition to prospective real estate housing opportunities Superior Development has also entered into the Resort Hotel and Casino business with the planned acquisition of Triad Resorts, LLC, a Nevada Limited Liability Corporation.

Additional information about Superior Development Group, Inc. is available online at www.superiordevelopmentgroup.com

About Triad Resorts, LLC

Triad Resorts, LLC is a Nevada Limited Liability Corporation formed for the purpose of developing major entertainment and hospitality centers in selected destination resort cities throughout the Western U.S. and selected international markets. The Company's mission is to bring sustainable economic stimulus to destination communities through responsible themed resort developments. The Company's initial Project is planned for Jackpot, Nevada.

Additional information about Triad Resorts, LLC is available online at www.triadresorts.com

About Capmark Financial Group Inc.

Capmark Financial Group Inc. (Capmark), formerly known as GMAC Commercial Holding Corp., is a leading real estate financial company with three core businesses: lending and mortgage banking, investments and funds management, and servicing. Capmark has more than 3000 employees, 105 offices and operations in North America, Asia and Europe. In 2005, Capmark's originations were $29.9 billion.

Additional information about Capmark Financial Group Inc. is available online at www.capmark.com

Safe Harbor

This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's public filings. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.