Hamptons Luxury Homes and Telemark to Launch Hamptons Green Alliance

Long Island East End Businesses Committed to Sustainable and Green Building Practices To Join Together to Share Information with Consumers

Bridgehampton, NY (01/30/08) – Hamptons Luxury Homes (OTCBB:HLXH) and its wholly-owned subsidiary, Telemark Inc., have announced the formation of the Hamptons Green Alliance, that is intended to bring together leading businesses located on the East End of Long Island committed to sustainable and green building practices.

“The purpose of the Hamptons Green Alliance is to provide pragmatic educational tools, leadership and be a resource to the public in the area of sustainable green building practices,” said Frank Dalene, vice president of Hamptons Luxury Homes and president of Telemark Inc. “Our goal will be to work toward providing the information required to build zero energy homes and carbon neutral homes,” he affirmed.

The Hamptons Green Alliance is being formed in order to provide its members and the general public with a platform to provide and exchange practical information and ideas concerning materials, systems, best practices and the benefits of sustainable green building. Dalene reported that the Alliance will have two websites: energyfreeliving.com and hamptonsgreenliving.com, both of which will be developed to provide specific material in a meaningful way to encourage consumers to incorporate sustainable green building components in the building of their homes. “This can be helpful to consumers and their contractors so that, from the very beginning, they can incorporate sustainable green building elements into their construction and remodeling plans, rather than having these energy-saving decisions made as afterthoughts,” said Dalene.

The alliance will be comprised of six to eight charter members from the building industry on the eastern end of Long Island, New York who are recognized as leaders and experts in their field, with each charter member representing a different component or category involved in the sustainable green building industry. Dalene said that it is expected that these charter members will be announced soon.

The websites also will include sponsored links and banners to provide an opportunity for manufacturers of goods associated with sustainable green building products to promote the value of their products. As with the charter members, each sponsor will represent a unique category of green building materials, products and systems.

“We anticipate that our green alliance will be active in a variety of other ways, including shared advertising, cross marketing activities and joint trade show participation,” said Dalene. He believes that this alliance represents the first such network of its kind.

Hamptons Luxury Homes (www.hlxhomes.com) is a regional construction services company that builds and maintains custom homes, luxury vacation homes and ultra-luxury estate homes throughout the eastern end of Long Island, New York, with its principal offices located in Bridgehampton, New York. The Company’s wholly owned subsidiary, Telemark Inc. is a nationally recognized and award winning ultra-luxury homebuilder. The Company maintains an industry leading reputation for construction of luxury vacation homes from foundation to completion, with values ranging up to $50 million. Hamptons Luxury Homes combines ultra-high quality materials with superb old-world craftsmanship to create the ultimate in luxury homes with outstanding aesthetic appeal. Already a recognized and well-established entity in the exclusive environs of the Hamptons on Long Island, the Company intends to expand into similar luxury markets in the United States. The Company's wholly-owned subsidiaries include: Telemark Service and Maintenance, providing ongoing property management, maintenance and service; Bridgehampton Lumber Corp., supplying building material and an independent dealer of The Barden & Robeson Corporation; DWD Construction Services, which performs construction administration and advisory services in connection with the construction of homes and business development of major commercial projects; and Architectural Woodwork of the Hamptons, LLC, which manufactures and installs custom millwork, custom cabinetry, custom built-ins and furniture.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including without limitation, statements regarding the potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Contact:         Beverly Jedynak
                        Martin E. Janis & Company, Inc.
                        312-943-1123
                        bjedynak@janispr.com