To: Bret Emmett who wrote (377 ) 10/19/1999 1:33:00 PM From: Mr. Sunshine Read Replies (1) | Respond to of 383
HomeLife Inc. Announces Re-Purchase of Its Common Stock on the Open Market NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Oct. 12, 1999--HomeLife Inc. (OTC BB: HMLF), a California-based full-service real estate and mortgage financing services provider, Tuesday announced that the company's officers, directors and their family members intend to purchase up to one million shares of common stock of HomeLife on the open market. HomeLife President and Chief Executive Officer, Andrew Cimerman said; this announcement is being made as a sign of confidence in the future of the company. He believes the progress of the company, to continue to grow and increase its market share, justified the re-purchase of common shares on the open market. Although the intent is to re-purchase up to one million shares of common stock on the open market, there is no guarantee that the intended parties can or will fulfill this intention. 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 nearly 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, MaxAmerica Home Warranty, as well as HomeLife Realty Services. In addition, HomeLife Realty has displayed a promising future with its growing expansion in Germany. Contact: HomeLife Inc., Newport Beach Andrew Cimerman, 949/660-1919 This is good news if carried out. I have seen too many buy back plans that are never happen.