In the news release, Consolidated Tomoka Announces Second Quarter Earnings, issued earlier today by Consolidated-Tomoka Land Co. over PR Newswire, we are advised by the company that in the table "Consolidated Balance Sheets," the Deferred Income Taxes for June 30, 2006 should read "25,470,228" rather than "2,272,918," and the Deferred Profit should read "2,272,918" rather than "25,470,228" as originally issued inadvertently. DATASOURCE: Consolidated-Tomoka Land Co.

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