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Institutional Research Partners Initiates
Coverage of Hampton Luxury Homes with Speculative Strong Buy
and 18-Month Price Target of $3
BRIDGEHAMPTON, N.Y., Jul 17, 2006 (BUSINESS WIRE)
Hamptons Luxury Homes, Inc.,
a nationally recognized and award winning luxury homebuilder of custom estate
homes, today announced that it has posted to its
website an independent research report issued by Institutional Research Partners
LLC of New York. Hamptons Luxury Homes Inc. has posted the complete text of the
report at its website: http://www.hlxhomes.com
In the two-page report, Institutional Research Partners indicates that they initiate "a
speculative buy rating on Hamptons Luxury Homes based primarily on the long track
record of Telemark Inc., which includes a successful 25 year track record. Because
management has extensive experience through Telemark, Inc., successfully completing
more than 500 projects, with values ranging up to $50 million, we believe the
company is more than just a run of the mill 'start-up.' Accordingly, we are initiating
coverage of HLXH with a Strong Buy (Speculative) with an 18-month price target
of $3."
"This independent research, which we did not solicit in any way, verifies
our belief that we have a business model and opportunity for growth. Although
a brief
report, Institutional Research Partners has been able to quickly grasp and summarize
our basic business and opportunity," stated Roy Dalene, President and CEO
of Hamptons Luxury Homes.
Institutional Research Partners, LLC (IRP, LLC), an independent micro-cap research
firm based in New York City, provides hard-to-find research on companies with
market capitalizations under $300 million to its subscribers. Covering 200 companies
known as the IRP200, IRP focuses on what they believe are the most compelling,
U.S. listed micro-cap companies from every and any industry. All companies are
chosen based on the quality of management, innovative business models, unique
products and future prospects and potential. For more information, please visit
the website at: http://www.institutionalresearchpartners.com.
Hamptons Luxury Homes is a regional homebuilder of customer estate homes with
operations in Bridgehampton, New York. Founded in 1978, Hampton Luxury Homes
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. Hamptons Luxury
Homes utilizes the industry's most innovative methods, and ultra-high quality
materials, to create the ultimate in aesthetic appeal. Hamptons Luxury Homes
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. Hamptons Luxury Homes Inc. did not
solicit, nor did it pay Institutional Research Partners, LLC for the report that
this entity has issued. All opinions in the report are those of Institutional
Research Partners, LLC.
SOURCE: Hamptons Luxury Homes, Inc.
Martin E. Janis & Company, Inc. Beverly Jedynak, 312-943-1100 ext. 12 bjedynak@janispr.com
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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