Hamptons Luxury Homes Strengthens
Management Team by Adding Chief Accounting Officer as Company
Continues to Grow
Bridgehampton, New York (February 11, 2008) – Hamptons
Luxury Homes, Inc. (OTCBB:HLXH) today announced that Arthur
R. Williams, of Shelter Island, has joined the company as Chief
Accounting Officer. The announcement was made by Frank Dalene,
Vice President and Chief Financial Officer of Hamptons Luxury
Homes, who noted that the addition of Mr. Williams is a direct
result of the growth of the company.
“Art is a results-oriented, seasoned financial executive
and certified public accountant, with solid diversified experience
in all areas of accounting and finance who can provide a significant
contribution to our expanding management team,” said
Dalene.
Prior to joining Hamptons Luxury Homes, Mr. Williams was co-founder
of A&A Williams LLP, a certified public accounting practice
on Shelter Island specializing in accounting and tax services
to small businesses and individuals. The firm’s clients
have included both publicly traded and private companies. Prior
to founding A&A Williams, from 1990 to 1993, he was a vice
president at Deutsche Bank Capital Corporation. Before joining
Deutsche, Mr. Williams served as a senior manager at Deloitte & Touche
for 12 years, from 1978 to 1990.
Mr. Williams also has been twice elected town supervisor for
the Town of Shelter Island, a position he held from 2002 to
2005. While town supervisor, he served as chief executive officer
and chief fiscal officer for the eastern Long Island, New York
town. In addition, he served as an adjunct professor in the
Business Department of Long Island University, Southampton
College.
Art is a member of the board of directors of Brooklyn Federal
Bancorp, Inc., the publicly held holding company of Brooklyn
Federal Savings Bank, where he serves on the Audit and Finance
and Personnel Committees; board member and treasurer of the
Shelter Island Chapter of the American Red Cross and the Shelter
Island Educational Foundation; and Past Commodore of the Shelter
Island Yacht Club.
Mr. Williams holds AICPA and NYSSCPA professional designations.
He received his MBA from New York University and his BA from
Washington and Jefferson College.
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 |