COLUMBUS, Ohio, March 23 /PRNewswire-FirstCall/ -- M/I Homes, Inc. (NYSE: MHO), one of the nation's leading homebuilders, announces its entry into the Houston market.
Robert H. Schottenstein, Chief Executive Officer and President, commented, "We are very excited about entering Houston, one of the nation's largest and most dynamic housing markets. The Houston market represents our first operation in the State of Texas and strengthens our geographical footprint as we grow our business. We have been studying the Houston market for some time and are confident in our ability to successfully compete there as we emphasize M/I's commitment to quality, service, product design and community."
Dennis S. Bailey, Region President overseeing M/I's operation in Houston, added, "We are pleased to announce that Craig Westmoreland has joined the M/I Homes team and will serve as our Houston Area President. Craig brings with him over 25 years of homebuilding experience, knowledge and expertise within Texas and will capably lead our operations in this exciting market. We welcome Craig's leadership to our Company."
M/I Homes, Inc. is one of the nation's leading builders of single-family homes, having delivered over 75,000 homes. The Company began business in 1976. It's common stock is listed on The New York Stock Exchange under the symbol "MHO". The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Chicago, Illinois; Indianapolis, Indiana; Tampa and Orlando, Florida; Charlotte and Raleigh, North Carolina; and the Virginia and Maryland suburbs of Washington, D.C.
Certain statements in this Press Release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements. These statements involve a number of risks and uncertainties. Any forward-looking statements that we make herein and in future reports and statements are not guarantees of future performance, and actual results may differ materially from those in such forward-looking statements as a result of various factors relating to the global, U.S., local and homebuilding economic environments, interest rates, risks associated with owning and developing land, availability of resources, competition, market concentration, lack of geographic diversification, availability of financing resources, terms of our indebtedness and our ability to incur additional indebtedness, outcome of legal claims brought against us, ownership changes that could limit our ability to utilize our net operating loss carryforwards, and various governmental rules and regulations, among other matters as more fully discussed in the Risk Factors section in the Company's Annual Report on Form 10-K for the year ended December 31, 2009, and as updated in the Company's periodic filings on Form 10-Q. All forward-looking statements made in this Press Release are made as of the date hereof, and the risk that actual results will differ materially from expectations expressed in this Press Release will increase with the passage of time. The Company undertakes no duty to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. However, any further disclosures made on related subjects in our subsequent filings, releases or presentations should be consulted.
SOURCE M/I Homes, Inc.
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