PRESS RELEASE - PRESS RELEASE - PRESS RELEASE - PRESS RELEASE

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MILLENIUM MANAGEMENT, LLC
199 S. Los Robles Avenue, Suite 200
Pasadena, CA  91101

CONTACT: Chris Davis or Stacey McClain
         (626) 585-5920

FOR IMMEDIATE RELEASE

     PASADENA,  CALIFORNIA,  May 25,  2005 -  Millenium  Management,  LLC  today
announced that it has extended the  expiration  date of its  outstanding  tender
offers for limited partnership  interests in Secured Investment  Resources Fund,
L.P. and Secured  Investment  Resources  Fund,  L.P. II. The expiration date for
each tender offer has been  extended to 5:00 p.m.,  Los Angeles time, on Friday,
June 3, 2005.  Each offer was  previously  scheduled  to expire at 5:00 p.m. Los
Angeles time on Thursday, May 26, 2005.

     To date,  Everest  reported the approximate  number of limited  partnership
interests  deposited to be 2,239 in Secured Investment  Resources Fund, L.P. and
10,351 in Secured Investment Resources Fund II, L.P., in response to the offer.

     For further  information,  please  contact  Millenium  Management  at (800)
611-4613.