Homestore Comments on Actions against Two Former Officers.WESTLAKE VILLAGE, Calif. -- Homestore, Inc. issued the following statement in connection with actions announced today by the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Attorney's Office and the Securities and Exchange Commission against two former officers: Homestore was informed today that the United States Attorney's Office (USAO USAO University of Science and Arts of Oklahoma USAO United States Attorney Offices ) and the Securities and Exchange Commission (SEC) have brought actions against two former company officers. These actions relate solely to these individuals and do not implicate im·pli·cate tr.v. im·pli·cat·ed, im·pli·cat·ing, im·pli·cates 1. To involve or connect intimately or incriminatingly: evidence that implicates others in the plot. 2. Homestore nor impact the company's current ongoing operations. In September 2002, both the USAO and the SEC announced that no charges would be brought against Homestore. The SEC stated at that time that "it would not bring any enforcement action against Homestore because of its swift, extensive and extraordinary cooperation in the Commission's investigation." For additional information regarding the announcement, please see the September 25, 2002 press release on Homestore's Web site at http://ir.homestore.com. Homestore will continue to cooperate fully with the government in these matters. ABOUT HOMESTORE, INC. Homestore, 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 :HOMS) is the leading provider of real estate media and technology solutions. The Company operates the No. 1 network of home and real estate Web sites including flagship site REALTOR.com(R), the official Web site of the National Association of REALTORS The National Association of Realtors (NAR) is made up of residential and commercial realtors who are brokers, salespeople, property managers, appraisers, and counselors, and others working in the real estate industry. (R) and HomeBuilder.com(TM), the official new homes site of the National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than . Homestore also operates RENTNET(R), an apartments, corporate housing and self-storage resource, SeniorHousingNet(TM), a resource for senior housing and care, and FactoryBuiltHousing.com, the official Web site of the 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 Institute, as well as Homestore.com(R), a home information resource. Homestore's print businesses are Homestore(R) Plans and Publications and Welcome Wagon(R). Homestore's professional software division includes TOP PRODUCER(R) Systems, a leading provider of real estate sales productivity applications. For more information: http://ir.homestore.com. |
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