Hamptons Luxury Homes Announces that its DWD Construction Subsidiary and Northway Island Associates Takes Initial Step in New York State Development Submitting the Planned Unit Development Application with town of Brasher

Bridgehampton, NY (2/19/08) – Hamptons Luxury Homes (OTCBB:HLXH), today announced that the proposed $965 million North County Entertainment Resort planned for upstate New York is one step closer to becoming reality with the submission of the Planned Unit Development (PUD) application with the town of Brasher, NY. Hampton Luxury Homes, through its wholly-owned subsidiary DWD Construction, is a 10% owner in this development, which is expected to bring 12,051 new jobs to the tri-county region during the six-year construction phase.

Frank Dalene, Vice President and CFO of Hamptons Luxury Homes, noted “DWD Construction also serves as the Owner’s Representative for this development. This PUD application is the first step in bringing the project forward as appropriate hearings will now be scheduled and specific plans for the complex developed and presented.”

According to Dalene, DWD and members of Northway Island Associates, the Owner, have been meeting with architects and engineers to develop the master plans for this Resort Complex, which when completed is expected to generate $165 million in annual direct and indirect economic activity in the region, and create a net total of 3,480 new jobs in the region on a continuing basis.

The North County Entertainment Resort is being designed as a destination resort center expected to include the following:

A gaming casino
A 30,000 seat, ¾ mile motor sports oval, possibly enclosed to reduce noise to the community
¼ mile dragstrip
A golf course
A water and amusement park
Hotels that will serve the resort
An equestrian center
An amphitheater.

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