HOLLYWOOD, Fla., Sept. 1, 2005 (PRIMEZONE) -- Technical Olympic USA, Inc. (NYSE:TOA) announced today that it began a fund-raising initiative to aid in the Hurricane Katrina relief effort. TOUSA will match the dollars collected among the Company's more than 2,500 associates and donate the total amount to the American Red Cross.
"We are deeply saddened by the devastating impact of Hurricane Katrina on the Gulf Coast area," said Antonio B. Mon, President and Chief Executive Officer of TOUSA. "We are grateful that we can make a contribution to help the people of the Gulf Coast area face the many challenges left in the wake of this powerful storm."
Technical Olympic USA, Inc. ("TOUSA") is a leading homebuilder in the United States, operating in 16 metropolitan markets located in four major geographic regions: Florida, the Mid-Atlantic, Texas, and the West. TOUSA designs, builds, and markets high-quality detached single-family residences, town homes, and condominiums to a diverse group of homebuyers, such as "first-time" homebuyers, "move-up" homebuyers, homebuyers who are relocating to a new city or state, buyers of second or vacation homes, active-adult homebuyers, and homebuyers with grown children who want a smaller home ("empty-nesters"). It also provides financial services to its homebuyers and to others through its subsidiaries, Preferred Home Mortgage Company and Universal Land Title, Inc. For more information on TOUSA, please visit our website at www.tousa.com
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