Dominion Homes Appoints Betty Montgomery to the Board of Directors.DUBLIN, Ohio Dublin is a city in Delaware, Franklin, and Union counties in the U.S. state of Ohio. The population was 31,392 at the 2000 census. In 2006, the population was estimated to be 36,565[1], and Dublin continues to be one of the fastest-growing suburbs of Columbus. -- Dominion Homes, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DHOM) today announced the appointment of Betty D. Montgomery to the Company's Board of Directors. She fills the vacancy created with the passing in December 2006 of Company Founder Donald A. Borror. Montgomery, former Auditor of the State of Ohio, will serve as a Class II director until the 2008 Annual Meeting of Shareholders. Her appointment increases the number of independent directors serving on the Company's Board to six, which is 75% of the board membership. "We are very fortunate to have Betty Montgomery Betty Montgomery is an American politician from the state of Ohio. A Republican, she formerly served as Ohio State Auditor. Montgomery was one of three Republican candidates seeking the party's 2006 nomination for Governor before dropping out of the race in order to run for her serve on our board," said Douglas G. Borror, Chairman of the Board of Directors and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Dominion Homes, Inc. "Betty's experience and involvement in state government will provide us with invaluable insight on many levels." Montgomery has dedicated herself to public service. Prior to serving as Auditor of State, she was elected Attorney General of Ohio, the first woman to hold this office in the state. She also was an Ohio State Senator championing legal and environmental issues, and a Wood County Prosecutor. She earned a Bachelor of Arts degree from Bowling Green State University Bowling Green State University, at Bowling Green, Ohio; coeducational; chartered 1910 as a normal school, opened 1914. It became a college in 1929, a university in 1935. and a Juris Doctorate from the University of Toledo National recognition In its 125-year history UT has garnered several national accolades. The University’s programs, faculty and facilities have been highlighted in the media, including College of Law. "I am honored by this appointment and respectful of Don Borror's legacy at Dominion Homes," said Montgomery. "As a member of the board, I will try to carry on his commitment, and the Company's commitment, to this community." Dominion Homes builds a variety of new homes and condos in Columbus, Ohio, and Louisville and Lexington, Kentucky, which are differentiated by size, price, included features and available options. The Company's community development and home building philosophy focuses on providing its customers with unsurpassed location, quality construction, brand name materials, and customer service. Additional information about the Company and its new homes is located on its website, www.dominionhomes.com. Dominion. It's your home. Certain statements in this news release are "forward-looking statements" within the meaning of 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. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors include, but are not limited to, changes in national or local economic conditions, changes in the local or national homebuilding industry, changes in federal lending programs, fluctuations in interest rates, increases in raw materials and labor costs, levels of competition and other factors described in the Company's Annual Report and Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2005, and in its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the period ended September 30, 2006. All forward-looking statements made in this press release are based on information presently available to the management of the Company. The Company assumes no obligation to update any forward-looking statements. |
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