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INCO HOMES CORP. APPOINTS NEW CHIEF FINANCIAL OFFICER

 UPLAND, Calif., Aug. 2 /PRNewswire/ -- Inco Homes Corp. (NASDAQ: INHM) today announced the appointment of Steven C. Adelman as its vice president, finance, and chief financial officer. In his new role, Adelman will oversee Inco's accounting, treasury and financing activities, including the company's financial reporting and investor relations responsibilities.
 Adelman is joining Inco Homes from Kenneth Leventhal & Co., where he was a partner and head of the national accounting firm's Chicago audit practice for the past eight years. He began his career with Kenneth Leventhal in 1981 as an audit manager in the firm's New York office. During his tenure with the firm, Adelman gained broad experience within the real estate industry, including traditional accounting and auditing services, property valuation, capitalization, securitization, financing issues and operational planning.
 "Steve brings an essential set of skills and experience to Inco Homes as a newly public company," said Ira Norris, Inco's chairman, president and chief executive officer. "He's a valued addition to our management team and we're delighted he's joining us."
 Adelman, who holds a bachelor's degree in accounting from the State University of New York at Binghamton, is a certified public accountant.
 Adelman fills a position that was vacated by Mark F. Spiro, who resigned to pursue other interests. Spiro, whose tenure as Inco's chief financial officer included a key role in bringing the home builder public, will continue to advise the firm on a consulting basis and will be available to assist in the transition of the company's financial operations.
 Inco Homes is a developer and builder of affordably priced single- family detached homes in the San Bernardino, Riverside and Los Angeles counties of Southern California. The company's homes are primarily targeted to the first-time buyer and, to a lesser extent, to the first- time move-up buyer.
 -0- 8/2/93
 /CONTACT: Steve Vliss, COO, or Eileen Rose, investor relations, 909-981-8989, of Inco Homes/
 (INHM)


CO: Inco Homes Corp. ST: California IN: CST SU: PER

LM-JL -- LA005 -- 8110 08/02/93 06:00 EDT
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Publication:PR Newswire
Date:Aug 2, 1993
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