PHOENIX, June 1, 2001 -- NZ Corporation (AMEX: NZ), also operating under the name of NZ/Bridge Financial, a short-term commercial real estate financing company, announced today that it recently completed the sale of approximately 136 acres of land known as Seven Canyons, located in Sedona, Arizona. The land was sold to Sedona Development Partners, LLC, a company formed by The Pinnacle Group and Cavan Investments, both Scottsdale, Arizona based developers. The sales price was $12.5 million, of which $6 million was paid in cash, and $6.5 million of which will be paid pursuant to a six-year note.

The Company was also reimbursed for certain development expenses in cash. This sale represents the disposition of land NZ acquired in 1995. Since that time the Company obtained zoning approval from Yavapai County officials to construct a golf course and time-share development on the site.

Randy Stolworthy, President and Chief Executive Officer of NZ Corporation commented, "The sale of the Sedona property converts what had been a static, non-earning asset outside of the Company's core business to cash, which is more readily deployable into earning opportunities. The monthly interest income from the deferred balance also creates an earning opportunity that did not previously exist."

NZ Corporation is a real estate investor and owner, and short-term commercial real estate lender. Through its wholly-owned subsidiary, Bridge Financial Corporation, the Company acts as a direct lender in providing time sensitive, short-term real estate loans in the southwestern states and California. NZ Corporation is the longest trading issue on the American Stock Exchange.

This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which would cause or contribute to such differences include, but are not limited to factors detailed in the Company's Securities and Exchange Commission filings.

PHOENIX, January 4, 2000 -- NZ Corporation (AMEX:NZ), also operating under the name of NZ/Bridge Financial, a short-term commercial real estate financing company, announced today that it recently completed the $1.3 million sale of approximately 10 acres of commercially zoned land. The land was sold to a private investor in Phoenix, Arizona in an all-cash transaction. The Company expects to record a pre-tax profit of approximately $200,000 from the sale in the fourth quarter of 2000.

This sale represents the disposition of the remaining land NZ had owned at the corner of Cooper and Warner Roads in Gilbert, Arizona. In April, 2000 the Company announced the sale of two other parcels at this location.

NZ Corporation is a real estate investor and owner, and short-term commercial real estate lender. Through its wholly-owned subsidiary, Bridge Financial Corporation, the Company acts as a direct lender in providing time sensitive, short-term real estate loans in the southwestern states and California. NZ Corporation is the longest trading issue on the American Stock Exchange.

This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward looking statements. Factors which would cause or contribute to such differences include, but are not limited to factors detailed in the Company's Securities and Exchange Commission filings.