HouseRaising, Inc. (OTCBB: HRAI.OB), a managed service provider to the custom homebuilding industry, today announced the formation of a partnership, through a combination of operations, with Francis (“Fran”) Tivnan Jr., to build custom homes in the Greater Charlotte area.
Fran Tivnan has been a builder for 43 years and had his own custom home construction business in Charlotte for the past 17 years. In the past year, his family-owned and operated company has built at least a dozen homes locally.
Greg Wessling, chairman, president, and CEO of HouseRaising, said, “We are pleased that Fran Tivnan has joined with HouseRaising. He has an excellent reputation in the Charlotte area for building quality homes. Fran and his family bring many years of experience to this partnership.”
The new entity will operate as CAMY-J Homes, LLC, a HouseRaising Builder. The partnership, structured as a 50-50 limited liability company is expected to design, sell and build up to twenty custom homes annually. Under the terms of the agreement, which HouseRaising designates as a series #200 business relationship, CAMY-J Homes will recruit local builders and HouseRaising’s system and support network will manage each project.
Fran Tivnan said, “HouseRaising’s merchandising and advertising program will help me increase the number of homes I can build without my having to add people to my organization. In fact, my wife may retire, as a result. I think HouseRaising’s System C looks great.”
To date, Tivnan is the 18th builder that HouseRaising has signed an operating agreement with to develop local operations.
HouseRaising offers four types of business opportunities to custom homebuilders who wish to partner and take advantage of its unique custom homebuilding management process. These are: Series #100 business relationships with a single builder-owner who builds up to five homes a year; Series #200 business relationships with custom homebuilders who complete five to 20 homes annually; Series #300 operations employ a team of HR support experts and 15 builders to sell, design and build up to 50 homes a year. Series #400 is a zone operation, in which 150 to 300 homes will be built annually.
HouseRaising’s system and builder support network brings economies of scale to the ventures and its expert staff manages all vendor relationships. HouseRaising and builders share profits and all projects must meet HouseRaising exacting quality and operational standards.
ABOUT HOUSERAISING, INC. (HRAI.OB)
HouseRaising, Inc. serves as general manager of projects, assisting its business relationship partners in every step of the custom home building process from design and cost estimation to construction. Using its internal use software, HouseRaising assists builder partners to improve the quality of the homes while lowering the overall cost. Through HouseRaising’s strategic relationships and buying power, builder partners also enjoy savings on materials, equipment and insurance. HouseRaising is also in the business of building custom homes. For more information, go to http://www.houseraising.com.
Forward-Looking Statements
This report includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, and the impact of competitive services and pricing and general economic risks and uncertainties.
For more information, please contact:
HouseRaising, Inc.
Karen Willoughby Investor Relations HouseRaising, Inc. T: 866-365-4724 E: Karen.Willoughby@HouseRaising.com Investor Relations
Arun Chakraborty VP, Investor Relations Stern & Co. T: 212-888-0044 E: achakrab@sternco.com Media Relations
Stan Froelich VP, Media Relations Stern & Co. T: 212-888-0044 E: sfroelich@sternco.com
Market News First Angela Junell 214-461-3411 ajunell@MN1.com