Hamptons Luxury Homes Featured as Cover Story in Premiere Issue of Builder/Architect’s Long Island Edition
Frank Dalene, President of Telemark Subsidiary Named as Member of Publication’s Advisory Board
Bridgehampton, NY (4/7/08) – Hamptons Luxury Homes, Inc. (OTCBB:HLXH), a nationally-recognized builder of custom luxury and ultra-luxury estate homes, today noted that it is featured as the cover story of the premiere issue of Builder/Architect magazine’s first issue dedicated to Long Island. This high quality publication, which has more than 60 regional editions in its 71 year history, will focus on the Long Island building industry.
The article highlights the company’s history and business and is accompanied by a series of outstanding photographs that evidence the luxury and quality of the company’s work. The article also reports on the company’s strong business strategies that enable Hamptons Luxury Homes to control the entire scope of projects it undertakes. Through its primary brand, Telemark, Hamptons Luxury Homes provides a “complete suite of construction and renovation services and offers the highest-quality, customized services that are uniquely tailored to individual client desires.”
The article also notes: “While the Telemark companies may set the stage, it’s the company’s complementary subsidiaries that form the cornerstone of Hamptons Luxury Homes’ unique value proposition.” One of the company’s unique value propositions is that it has three wholly owned construction companies, Bridgehampton Lumber, Telemark Service & Maintenance, Inc. and Architectural Woodwork of the Hamptons, which enable the company to control key elements: quality, cost and completion time. As a result, the company is able to cross-sell its services, produce economies of scale and bring about simplicity in a project – dealing with a single company, rather than a group of suppliers.
“This article is truly reflective of our strategy, effort and potential,” said Frank Dalene, Vice President and CFO of Hamptons Luxury Homes, who has also been named to the advisory board of the publication. His brother, Roy, who is president and CEO of the company, echoed the thought, noting: “We’ve spent the better part of the last two years positioning ourselves in the marketplace for growth, and this report by A. Citron captures both our strategy and outlook.”
About the Company
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 $65 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 within 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, Inc. which performs construction administration and advisory services in connection with the construction of homes and business development of major commercial projects. Telemark Inc. is a 50% partner in Architectural Woodwork of the Hamptons, LLC, which manufactures and installs custom millwork, custom cabinetry, custom built-ins and furniture. The Company owns a 10% interest in Northway Island Associates, Inc. that is developing a multi-facetted entertainment resort complex in St. Lawrence County, New York. DWD Construction Services is presently acting as the Owner’s Representative for Northway Island Associates.
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: Bev Jedynak
Martin E. Janis & Company, Inc.
312-943-1123
bjedynak@janispr.com |
