Centerline Press Release

Johnson & Perkinson Announces Investigation Naming Centerline Holding Company

South Burlington, VT - March 18, 2008: Johnson & Perkinson hereby announces an investigation of Centerline Holding Company ("Centerline" or the "Company") (NYSE: CHC). Shareholders of the Company's stock may have legal claims against certain directors and officers of the company for breaching their duties to shareholders. To bring such a claim, you must currently hold stock in the Company.

Johnson & Perkinson, a litigation boutique law firm based in South Burlington, Vermont, has extensive experience prosecuting investor class actions and actions involving financial fraud. Attorneys Johnson and Perkinson are both former employees of the Securities and Exchange Commission. Dedicated to maximizing shareholder return, members of Johnson & Perkinson have prosecuted complex class actions alleging securities or consumer fraud/deception on behalf of investors/consumers against numerous public companies since 1985, resulting in the recovery of many hundreds of millions of dollars, and have been singled out for excellence by various courts. The firm is litigating, or has recently resolved litigation, as Lead or Co-Lead Counsel in securities class actions against Xerox, Priceline, Wireless Facilities, i2 and Xchange, and serves on the Executive Committee in the Global Crossing case.

If you wish to discuss this action or have any questions concerning this announcement or your rights or interests with respect to this matter, please contact Johnson & Perkinson attorneys James F. Conway, III or Eben F. Duval toll free at 1-888-459-7855; via email at email@jpclasslaw.com; through our website at www.jpclasslaw.com; or by mail at Johnson & Perkinson, 1690 Williston Road, P.O. Box 2305, South Burlington, Vermont 05403. Attorneys at Johnson & Perkinson can investigate your potential claims and help you decide if pursuing this action is right for you.