A Bright Spot Among the Construction Services Companies -- Hamptons Luxury Homes 2007 Results Outperforms Industry Trends.

Company Reports 91% Increase in Revenues and 607.5% Increase in Income Before Taxes for 2007

BRIDGEHAMPTON, N.Y. -- Hamptons Luxury Homes, Inc. (OTCBB:HLXH), a construction services company that builds and renovates multi-million dollar estate homes in the Hamptons area of Long Island, New York, yesterday reported its 2007 results that shows the Company outperforming recent expectations for companies within the construction services industry.

For the year ending December 31, 2007, Hamptons Luxury Homes reported contract and service revenues of approximately $8.7 million, a 91% increase over 2006 contract and service revenues of $4.6 million. The Company further reported 2007 income before income taxes of $812,000, a $972,000 turnaround from the 2006 loss before income taxes of $160,000, and 2007 net income of $616,000, a $793,000 turnaround from the 2006 net loss of $177,000.

Frank Dalene, Vice President and Chief Financial Officer of Hamptons Luxury Homes, said: "We instituted a number of steps in October 2006 and again in 2007 designed to bring about revenue and earnings growth, as we repositioned the Company. In addition to this, we also recognized that there was a possibility of some economic difficulties, although due to our expertise and the clientele we serve, we were less affected by these general conditions in comparison to other construction services companies due to the marketing efforts we undertook over the past 18 months and the market we serve in the Hamptons. The results for 2007 indicate that the foundation we laid is strong and, as a result, we believe the Company is positioned to continue to achieve further revenue and earnings growth in 2008."

Dalene also noted that Hamptons Luxury Homes ended 2007 with working capital in excess of $910,000. "We are mindful of our financial condition and continue to look to strengthen our financial position so that we can remain focused on serving our clients and increasing revenues in future periods."

The company also reported that it has a backlog of approximately $4 million as of December 31, 2007 and has $19 million of bids on future projects currently outstanding, a portion of which will be recognized within the next 12 months.

Full results for the year are reported in the Company's Form 10-K filed with the U.S. Securities and Exchange Commission. The Form 10-K is available at the SEC's website: http://www.sec.gov and at the Company's website: http://www.hlxhomes.com.

Hamptons Luxury Homes (www.hlxhomes.com) is a regional construction services company that builds and maintains custom homes, luxury vacation homes and ultra-luxury estate homes throughout the eastern end of Long Island, New York, with its principal offices located in Bridgehampton, New York. The Company's wholly owned subsidiary, Telemark Inc. is a nationally recognized and award winning ultra-luxury homebuilder. The Company maintains an industry leading reputation for construction of luxury vacation homes from foundation to completion, with values ranging up to $65 million. Hamptons Luxury Homes combines ultra-high quality materials with superb old-world craftsmanship to create the ultimate in luxury homes with outstanding aesthetic appeal. Already a recognized and well-established entity in the exclusive environs of the Hamptons on Long Island, the company intends to expand into similar luxury markets in the United States. The Company's wholly-owned subsidiaries include: Telemark Service and Maintenance, providing ongoing property management, maintenance and service; Bridgehampton Lumber Corp., supplying building material and an independent dealer of The Barden & Robeson Corporation; DWD Construction Services, Inc. which performs construction administration and advisory services in connection with the construction of homes and business development of major commercial projects. Telemark Inc. is a 50% partner in Architectural Woodwork of the Hamptons, LLC, which manufactures and installs custom millwork, custom cabinetry, custom built-ins and furniture. The Company owns a 10% interest in Northway Island Associates, Inc. that is developing a multi-facetted entertainment resort complex in St. Lawrence County, New York. DWD Construction Services is presently acting as the Owner's Representative for Northway Island Associates.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including without limitation, statements regarding the potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.