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Hamptons Luxury Homes Inc. Announces
Successful Share Exchange; Stock Has Begun Trading as ''HLXH''
on the OTC Bulletin Board
BRIDGEHAMPTON, N.Y., Apr 20, 2006 (BUSINESS WIRE)
Hamptons Luxury Homes, a
nationally recognized and award winning luxury homebuilder of custom estate homes,
today announced that it has successfully
consummated a share exchange with Telemark, Inc. and Telemark's two shareholders.
Telemark, Inc., with more than 25 years experience in the homebuilding industry,
plans to provide general contracting and project management for construction
activities of Hamptons Luxury Homes ("HLXH"), as well as administrative
support for all of HLXH's subsidiaries.
"We believe our extensive expertise, and strategic relationships, will allow
us
to build ultra-luxury vacation homes in a manner that differentiates us from
other home builders. We believe each project requires painstaking attention to
detail, and we anticipate our partnering with world renowned architects and designers,
which we anticipate will result in a unique ultra-luxury home each time we finish
an engagement," stated Roy Dalene, HLXH President and CEO. "We anticipate
that far from your ordinary homebuilder, today's share exchange positions us
to expand the awareness of the Hamptons Luxury Homes brand on a national scale.
We believe the ultra-luxury home market is poised for significant, prolonged
growth, is far less dependent on broad economic factors than traditional homebuilders,
and is serviced by a highly fragmented group of regional operators. All of these
factors leave us excited about the possibilities for the Company and its shareholders," concluded
Dalene.
Hamptons Luxury Homes is a regional homebuilder of custom estate homes with operations
in Bridgehampton, New York. Founded in 1978, HLXH is a nationally recognized
and award winning luxury homebuilder. Awarded "Custom Builder of the Year" by
Custom Builder Magazine in 1998, the Company maintains an industry leading reputation
for construction of luxury vacation homes from foundation to completion, with
values ranging up to $50 million. HLXH utilizes the industry's most innovative
methods, and ultra-high quality materials, to create the ultimate in aesthetic
appeal. HLXH management has extensive experience in the homebuilding industry
and has successfully completed more than 500 projects.
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 potential
future plans and objectives of the Corporation, 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.
SOURCE: Hamptons Luxury Homes
Hamptons Luxury Homes, Inc. Roy Dalene, 631-537-1600 ext. 115 roy@telemarkinc.com
or Investor Relations Contact: Sequoia Capital Advisors Robert Butler, 212-332-7146
Copyright Business Wire 2006 |
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“The home's final polish reflects the close working relationship
between architect, builder and client.”
— Custom Builder Magazine, 1998 |
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