BATON ROUGE, La., and CHARLOTTE, N.C., March 7 /PRNewswire/ -- HouseRaising, Inc. (OTC:HRAI.OB) (BULLETIN BOARD: HRAI.OB) , a managed service provider to the custom homebuilding industry, today announced the formation of a partnership, through a combination of operations, with veteran developer/homebuilder Edward D. Jackson, Baton Rouge, LA, to build and renovate custom homes in Southern Louisiana and Mississippi.
Edward Jackson has been building homes in this area for thirty years. In 2006, he built and renovated more than fifty homes in the area, many of which had been damaged by Hurricane Katrina. He is currently building three homes in the area, ranging in size from 1,300 sq. ft. to 7,800 sq. ft.
Greg Wessling, president, chairman and CEO of HouseRaising, said, "We are delighted to announce the relationship with Edward Jackson. He has built more than one hundred homes in St. Bernard Parish, south of New Orleans, including eight that are larger than 5,000 sq. ft. His extensive experience and knowledge of the local area combined with HouseRaising's System C for organizing and managing construction will significantly speed the rebuilding process."
The new entity will operate as Jackson Homes, LLC, a HouseRaising Builder. The partnership, structured as a 50-50 limited liability company between HouseRaising of Louisiana, LLC, and Edward D. Jackson 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, Jackson will recruit local builders to work for this entity with HouseRaising's system and support network managing each project.
Edward D. Jackson said, "Many people in this area have had to resort to using unlicensed, inexperienced builders, which has caused many construction failures. By using Jackson Homes as their builders, homeowners will be able to have the comfort of knowing they are working with a local, experienced builder with the extra insurance of a publicly traded company behind him."
"This relationship with HouseRaising will be beneficial to my company. We can now concentrate on building without dealing with the paperwork," he added.
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. functions as general manager of projects, assisting affiliated builders from design and cost estimation to construction. Utilizing its internal use software, HouseRaising assists builder-members who have expanded their membership relations to become affiliated builders in improving the quality of the home while lowering the overall cost. HRAI offers members the opportunity to gain knowledge developed from 40 years of custom homebuilding. Though HouseRaising believes the knowledge alone is sufficient to attract builders, members also buy materials, equipment and insurance at wholesale prices. HouseRaising has developed patent-pending Disaster Relief Homebuilding Management Software. This system offers affected homeowners as well as homebuilders, funding agents and government agencies a step-by-step solution for rebuilding each individual home. HouseRaising is also in the business of building custom homes. For more information go to .
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.
CONTACT: Karen Willoughby, Investor Relations of HouseRaising, Inc., +1-866-365-4724, ; Arun Chakraborty, VP Investor Relations, , or Stan Froelich, VP Media Relations, , both of Stern & Co., +1-212-888-0044
SOURCE HouseRaising, Inc.
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