*******NEWS*******
Thursday October 22, 9:31 am Eastern Time
Company Press Release
HomeLife Files an SB-2 Shelf Registration With the
SEC
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Oct. 22, 1998--HomeLife Inc. (OTC/BB:HMLF - news) Thursday
announced that it filed a Form SB-2 Registration Statement with the Securities and Exchange Commission as part of its effort
to become a fully reporting company.
Andrew Cimerman, chairman and chief executive officer, made the announcement of the filing. Cimerman also reported that
earnings for the first quarter ended Aug. 31, 1998, were $0.008 per share on gross sales of $2,054,992 vs. a loss of $0.004
per share on gross sales of $317,981 for the same period last year.
Cimerman commented, ''Our plan has always been to become a fully reporting company and ultimately be listed on Nasdaq's
Small Cap Market.''
Incorporated in 1995, HomeLife and its affiliates are full- service real estate and mortgage financing service providers. The
company is one of the largest real estate organizations in North America with approximately 200 offices and an estimated
3,000 licensed real estate agents.
The company operates under the trade names HomeLife Realty Services, Red Carpet, National Real Estate Service, Network
Real Estate, MaxAmerica Financial Services, Guardian Home Warranty and Builders Realty.
The Registration Statement consists of a shelf registration that has not yet been declared effective by the SEC. Securities
referred to in this statement may only be purchased upon the terms, price and other conditions of an offering set forth in a
Prospectus Supplement.
This news release shall not constitute an offer to sell or a solicitation of an offer to buy securities. Nor shall there be any sale of
these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.
Included in the Registration Statement are ''forward-looking statements'' within the meaning of Section 27A of the Securities
Act of 1934, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company
believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such
expectations reflected in such forward- looking statements will prove to have been correct. Additional information on these
and other factors that could potentially affect the company's financial results may be found in the company's filings with the
Securities and Exchange Commission.
The Registration Statement is available on the SEC's EDGAR reporting system. Additional information relating to the offering
of HomeLife may be obtained by contacting William Slivka at HomeLife Inc., 4100 Newport Place, Suite 730, Newport
Beach, Calif., 92660.
Contact:
HomeLife Inc., Newport Beach
William Slivka, 949/660-1919
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Homelife Inc (OTC BB:HMLF - news)
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