Affordable Homes of America Changes Name to World Homes, Inc.
PR NEWSWIRE
LAS VEGAS, Oct. 16 — Affordable Homes of America, Inc. (OTCBulletinBoard:AHOA) announced today that it has changed its corporate name to World Homes, Inc. ("World Homes") (OTCBulletinBoard:WHME) and that the Company's common stock began trading on the OTC bulletin board under the new ticker symbol WHME.
"World Homes more closely reflects the new direction that we adopted for the Company," said President and Chief Executive Officer Merle Ferguson. "And this is the appropriate time for the name change, as we have completed phase one of our Company's transition from development stage to a commercial entity anticipating significant revenues from global marketing of our patented Z MIX product."
Ferguson explained that over the past several months, the Company has strengthened its financial management with the appointment of a new Chief Financial Officer, and has successfully entered into joint ventures and licensing agreements with several multi-national organizations to expand the sale of Z MIX material for home building in the Middle East, India, and Africa. "With the stronger financial management and with the agreements now in place, we feel that the Company is well positioned for significant growth," he said.
World Homes, Inc. is focused on developing and building homes throughout the world using new building techniques and a patented product that reduce the overall cost and time of new home construction. The Company's patented Z MIX product, a cementitious mixture that combines cement, diatomaceous earth, bentonite, and recycled products such as shredded tires, is a lightweight building material that significantly reduces home construction costs. The Company has also completed successful preliminary testing and design of railroad ties and utility poles made with Z MIX.
Additional information on World Homes, Inc. will be available on the Company's website at theworldhome.com.
Quote for reference ticker symbol: WHME / was AHOA |
