Apple Homes in New Joint Venture.AUGUSTA, Ga.--(BUSINESS WIRE)--June 22,1998--Apple Homes Corporation (OTC/BB:APHC APHC All Parties Hurriyat Conference (Kashmir) ApHC Appaloosa Horse Club (Moscow, Idaho) APHC Association des Pharmaciens du Canada (Canadian Pharmacists Association) ), a leading retailer in manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use. In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected , today announced it has entered into a joint venture with Century 21 Larry Miller Realty, Inc. of Richmond County, Georgia Richmond County is a county located in the U.S. state of Georgia. It is one of the original counties of Georgia, created February 5, 1777. As of 2000, the population was 199,775. The 2005 Census Estimate shows a population of 195,796 [1]. , to market Raiford Place, a 357-lot subdivision. Apple Homes will place 6 model homes in Raiford Place by the end of July. Raiford Place is the second real estate subdivision in which Apple Homes is participating. It is presently selling homes in its Mayfair Acres subdivision, also in Richmond County, Georgia. In commenting on the new joint venture, Robert S. Wilson, chairman of the board of Apple Homes stressed the advantages of a marketing partnership utilizing Apple Homes' successful experience and service. He pointed out that the company has established itself in the high-growth Southeastern United States, generating revenues of some $26 million from the sale of 658 home in the past year. The new venture with the potential of an additional 357 new home sales New Home Sales An economic indicator that measures sales of newly built homes. Released by the U.S. Department of Commerce's Census Bureau, it includes both quantity and price statistics. could positively impact the company's bottom line, Chairman Wilson noted. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement Except for the historical information contained herein, certain of the matters discussed in this press release are "forward-looking statements" as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, which involve certain risks and uncertainties, including but not limited to, changes in general economic conditions, material prices , labor costs, interest rates, consumer confidence, competition, environmental factors, and governmental regulations affecting the company's operations.
CONTACT: Robert Wilson, Chairman
706/650-2015
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