PRESS RELEASE - PRESS RELEASE - PRESS RELEASE - PRESS RELEASE

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EVEREST INVESTORS 10, LLC
155 N. Lake Avenue, Suite 1000
Pasadena, CA  91101

CONTACT: Stacey McClain, (626) 585-5920


FOR IMMEDIATE RELEASE


     PASADENA,  CALIFORNIA,  December 20, 2002 - Everest Investors 10, LLC today
announced that it has extended the  expiration  date of its  outstanding  tender
offer for limited  partnership  interests in Income  Growth  Partners,  Ltd. X -
Original  Units.  The expiration  date for the tender offer has been extended to
5:00  p.m.,  Los  Angeles  time,  on  Monday,  January  6,  2003.  The offer was
previously  scheduled  to expire at 5:00 p.m.,  Los  Angeles  time,  on Tuesday,
December 24,  2002.  Everest  reported  that  approximately  649 units have been
deposited to date in response to the offer.