HOMEVESTORS ADDS TEN NEW FRANCHISES

HomeVestors® of America, Inc., the company best known for advertising "We Buy Ugly Houses,"® has added 10 new Franchise offices.

The new HomeVestors franchisees include: Floyd Tyrone, of Shoreacres, Tex.; Mark Fitzgerald and Rob Sturrock, of Mequon, Wis.; Rob Warren, of Cambridge, Wis.; Todd Joseph and Rosemary Joseph, of Monroe, La.; William Goldfarb and Javier Guzman, of Washington, D.C.; Don Dachel, John Hepfler and Doug Richardson, of Minneapolis-St. Paul, Minn.; Michael Levine and Scott Lurie, of Madison, Wis.; Mike Baker, Stephen Castleberry and Mathew Whitaker, of Vestavia Hills, Al.; Shane Knaub, Joel Lopes and David Spargo, of Albuquerque, N.M.; and Bob Abbott, of Charlotte, N.C.

"We congratulate our graduates," said John P. Hayes, Ph.D., president and CEO of HomeVestors. "We appreciate their commitment to HomeVestors and we look forward to helping each of them develop successful real estate businesses in their markets."

The new franchisees recently completed an intensive 10-day program designed to train them on the HomeVestors method of buying, repairing and selling properties. In addition, new owners learn about HomeVestors extensive finance and advertising programs, and HomeVestors also supports a mentoring program to assist franchisees with any needs they have after graduation. Advanced Training sessions are offered for all existing franchisees as well.

About HomeVestors® of America, Inc.

Founded in 1989 and Franchising since 1996, Dallas-based HomeVestors® of America, Inc., has more than 240 Franchises throughout the United States. The first Franchise Company of its kind, HomeVestors® trains and supports franchisees who specialize in buying homes in need of repair. Most commonly known as the "We Buy Ugly Houses"® franchise, HomeVestors® strives to make a positive impact in each community.