Tuesday September 15, 9:31 am Eastern Time
Company Press Release
HomeLife Inc. Announces Purchase of Investment Banking Firm Aspen, Benson & May LLC
Company Increases Its Acquisition Capabilities
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Sept. 15, 1998--HomeLife Inc. (OTC BB:HMLF - news), a California-based full service real estate and mortgage financing services provider, Tuesday announced that it had purchased the investment banking firm of Aspen, Benson & May LLC for stock.
HomeLife plans to use the resources of Aspen, Benson & May to continue its aggressive acquisition program.
Bill Slivka, president of Aspen, Benson & May, said he is excited to be aligned with a fast growing company with national and international capabilities. ''We see HomeLife as a ground floor opportunity to grow our firm.''
Andrew Cimerman, the chairman and and chief executive officer of HomeLife welcomes the expertise of Slivka. He is especially excited about the long-term relationship that has been forged with HomeLife. He also stated that Bill's financial expertise will strengthen the management capabilities of HomeLife. ''We envision Aspen, Benson & May as a vehicle to enhance our aggressive acquisition campaign and ensure the future growth of HomeLife,'' said Cimerman.
Incorporated in 1995, HomeLife and its affiliates are full service real estate and mortgage financing providers. HomeLife is one of the largest real estate organizations in North America with over 200 offices and an estimated 3,000 licensed agents. The company operates under the names of Red Carpet Real Estate, National Real Estate, Network Real Estate, MaxAmerica Financial, as well as, HomeLife Realty Services.
Aspen, Benson & May will focus on acquisitions of small to medium sized companies in the service industry. The firm will aggressively pursue acquisitions for HomeLife as well as for its other clients.
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Contact:
HomeLife Inc., Newport Beach
Andrew Cimerman, 949/660-1919 |
