Orleans Homebuilders Inc. Declares Cash Dividend

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The Smith & Wollensky Restaurant Group , Inc. Comparable
consolidated sales include only units that have been open for 15 months or
longer .

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8 million earned in the second
quarter of 2004. The
original Smith & Wollensky, a traditional New York steakhouse, opened in
1977 and is currently believed to be one of the largest-grossing la carte
restaurants in the country.
To learn more about Orleans Homebuilders, please visit
http://www.

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0 million, a 3.7 million for
June 2005, as compared to the $9.

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BENSALEM, Pa.

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9 million for June 2004. Comparable consolidated restaurant sales increased 0.

Chairman and CEO Alan Stillman remarked, "Comparable consolidated sales
were down because the Fourth of July holiday fell a week earlier in our
accounting cycle than last year.
Readers are cautioned not to put undue reliance on such forward-looking
statements , which are subject to a number of risks and uncertainties that
could cause actual results to differ materially from such statements.

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Comparable consolidated restaurant sales decreased 2.0 million, as compared to $30.02 per share on the Company's outstanding common
stock.

About Orleans Homebuilders
Orleans Homebuilders, Inc. (Amex: OHB) develops, builds and markets high-
quality single-family homes, townhomes and condominiums.

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Since its inception, the company has grown to
include 16 restaurants, including Smith & Wollensky in New York, Miami
Beach, Chicago, New Orleans, Las Vegas , Washington, D. The Company disclaims
any intention or obligation to update or revise any forward -looking
statements, whether as a result of new information, future events or
otherwise.

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6% increase from June 2004.5% to $32.

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The Company currently operates in the
following fourteen distinct markets: Southeastern Pennsylvania; Central New
Jersey; Southern New Jersey; Charlotte, Raleigh and Greensboro, North
Carolina; Richmond and Tidewater, Virginia; Orlando, Palm Coast, and Palm Bay,
Florida; and Chicago, Illinois; Orange County, New York; and Phoenix, Arizona.orleanshomes.

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com.

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0 million in the second
quarter of 2004., Philadelphia,
Columbus, Dallas, Houston, and Boston.

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6 %
to $27. The typically quiet holiday weekend
impacted positive sales gains achieved earlier in the month. (Amex: OHB) announced today that its Board of Directors has declared a
quarterly cash dividend of $.

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For the second quarter of 2005, total consolidated restaurant sales
increased 6.9 million, as compared to the $27."

About Smith & Wollensky Restaurant Group

The Smith & Wollensky Restaurant Group develops and operates high-end,
high-volume restaurants in major cities across the United States.

syracuse mainsail

Factors that may cause such differences include changes in economic
conditions generally or in each of the markets in which the Company is
located, unanticipated changes in labor or food costs, changes in consumer
preferences, the level of competition in the high-end segment of the
restaurant industry and the success of the Company's growth strategy. The cash dividend will be payable April 28, 2006 to shareholders of
record at the close of business on April 7, 2006.

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PRESS RELEASE The Smith +amp; Wollensky Restaurant Group Announces June Sales

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(NASDAQ: SWRG) today announced sales for the fiscal month June 2005.

Total consolidated restaurant sales for the fiscal month ended July 4,
2005, were approximately $11. SWRG also operates six other
restaurants in New York, including Cit, Maloney & Porcelli, Manhattan
Ocean Club, Park Avenue Caf, and The Post House. For
a more detailed description of such factors, please see the Company's
filings with the Securities and Exchange Commission., Orleans Homebuilders,
Inc.

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5% to $9.
The Company's Charlotte , North Carolina operations also include adjacent
counties in South Carolina.

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Except for historical information contained herein, the statements made in
this press release regarding the Company's business , strategy and results
of operations are forward-looking statements which are based on
management 's beliefs and information currently available to management.

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The Company serves a
broad customer base including luxury, move-up, empty nester and active adult,
as well as first-time homebuyers.