PRESS RELEASE - PRESS RELEASE - PRESS RELEASE - PRESS RELEASE - PRESS RELEASE

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EVEREST INVESTORS 14, LLC
155 N. Lake Avenue, Suite 1000
Pasadena, CA  91101

CONTACT: Chris Davis or Stacey McClain of Everest Properties II, LLC
         (626) 585-5920


FOR IMMEDIATE RELEASE


     PASADENA,  CALIFORNIA,  February 12, 2004 - EVEREST INVESTORS 14, LLC today
announced that it has extended the  expiration  date of its  outstanding  tender
offer for limited  partnership  interests in Wilder Richman Historic  Properties
II, L.P.  The  expiration  date for the tender  offer has been  extended to 5:00
p.m.,  Los Angeles time, on Friday,  February 27, 2004. The offer was previously
scheduled  to expire at 5:00 p.m.,  Los Angeles  time,  on Friday,  February 20,
2004. Everest reported that approximately 48.5 units have been deposited to date
in response to the offer.