Press Release Source: The St. Joe Company
JOE (NYSE:JOE) Resuming Normal Operations after Hurricane
Monday July 11, 9:55 am ET
Impact from Hurricane Dennis ``Minimal''
JACKSONVILLE, Fla.--(BUSINESS WIRE)--July 11, 2005--The St. Joe Company (NYSE:JOE - News) said today that normal operations are resuming after Hurricane Dennis made land-fall yesterday west of Navarre, Florida, about 60 miles from WaterColor. The impact of Hurricane Dennis on company operations and property was minimal.
JOE's beachfront developments in Walton County sustained some beach erosion, but no dunes were breeched, and there was no flooding in any JOE community. Preliminary indications are that there was only minor landscape damage to JOE projects in Walton, Bay and Gulf Counties.
"Fortunately, it appears Hurricane Dennis will have only minimal impact on our business operations," said Peter S. Rummell, JOE's chairman and CEO. "It is important to note that planning and preparation certainly played an important role."
The St. Joe Company, a publicly held company based in Jacksonville, is one of Florida's largest real estate operating companies. It is engaged in town, resort, commercial and industrial development, land sales and commercial real estate services. JOE also has significant interests in timber.
More information about JOE can be found at our web site at http://www.joe.com.
JOE (NYSE:JOE) Resuming Normal Operations after Hurricane
Monday July 11, 9:55 am ET
Impact from Hurricane Dennis ``Minimal''
JACKSONVILLE, Fla.--(BUSINESS WIRE)--July 11, 2005--The St. Joe Company (NYSE:JOE - News) said today that normal operations are resuming after Hurricane Dennis made land-fall yesterday west of Navarre, Florida, about 60 miles from WaterColor. The impact of Hurricane Dennis on company operations and property was minimal.
JOE's beachfront developments in Walton County sustained some beach erosion, but no dunes were breeched, and there was no flooding in any JOE community. Preliminary indications are that there was only minor landscape damage to JOE projects in Walton, Bay and Gulf Counties.
"Fortunately, it appears Hurricane Dennis will have only minimal impact on our business operations," said Peter S. Rummell, JOE's chairman and CEO. "It is important to note that planning and preparation certainly played an important role."
The St. Joe Company, a publicly held company based in Jacksonville, is one of Florida's largest real estate operating companies. It is engaged in town, resort, commercial and industrial development, land sales and commercial real estate services. JOE also has significant interests in timber.
More information about JOE can be found at our web site at http://www.joe.com.