ICCA Internet Commerce (MM)

Government Properties Trust Adds Spencer I. Browne to Board of Directors OMAHA, Neb., March 11 /PRNewswire-FirstCall/ -- Government Properties Trust, Inc. , a self-managed, self-administered company that will elect to be taxed as a real estate investment trust, today announced that Spencer I. Browne has been elected to its Board of Directors. Browne is a Principal of Strategic Asset Management, LLC, a privately owned investment firm that he founded in 1996. He also currently serves as a Director of Annaly Mortgage Management (NYSE:NLY), Delta Financial Corporation (AMEX:DFC), Internet Commerce Corporation (NASDAQ:ICCA) and Kronos Advanced Technologies, Inc. (OTC:KNOS) (BULLETIN BOARD: KNOS) . Browne has held various executive and management positions with several publicly traded companies engaged in businesses related to the residential and commercial mortgage loan industry. From August 1988 until September 1996, Browne served as President, Chief Executive Officer and a Director of Asset Investors Corporation (AIC), a company he co-founded in 1986. He also served as President, Chief Executive Officer and as a Director of Commercial Assets, Inc., an affiliate of AIC, from its formation in October 1993 until September 1996. In addition, from June 1990 until March 1996, Browne served as President and a Director of M.D.C. Holdings, Inc., a national homebuilder and mortgage banking company. Browne will serve as Chairman of Government Properties Trust's Compensation Committee. About Government Properties Trust, Inc. Government Properties Trust, Inc. invests in single tenant properties under long-term leases to the U.S. government. Government Properties Trust, Inc. is a self-managed, self-administered company that will elect to be taxed as a real estate investment trust, or REIT, under the federal tax laws. The company is located at 10250 Regency Circle, Suite 100, Omaha, NE 68114. For additional information, please visit the Government Properties Trust, Inc. Web site at http://www.gptrust.com/ . DATASOURCE: Government Properties Trust, Inc. CONTACT: Investor Relations, Sharon Latham of Government Properties Trust, Inc., +1-402-391-0010 Ext. 207, or General Inquiries, Marilyn Windsor, +1-702-515-1260, or Analyst Inquiries, Diane Hettwer, +1-312-640-6760, both of Financial Relations Board Web site: http://www.gptrust.com/

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