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Exhibit 99.1
NEWS RELEASE: AUGUST 25, 2000
PACIFIC GATEWAY PROPERTIES
SHAREHOLDERS APPROVE MERGER
SAN FRANCISCO, CALIFORNIA . . . Pacific Gateway Properties (PGP-AMEX) announced
today that it had obtained shareholder approval for the two proposals required
to proceed with the merger of Pacific Gateway Properties with PGP Acquisition,
Inc., a subsidiary of Mission Orchard Statutory Trust. In excess of 80% of the
shareholders voted in favor of both proposals.
FOR MORE INFORMATION CONTACT: RAYMOND V. MARINO, PRESIDENT & CEO AT (415)
398-4800, EXTENSION 119.
