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To: SSP who wrote (35527)	3/10/2000 11:28:00 AM
From: SSP	Respond to of 150070

AHOA - Affordable Homes of America, Inc. Announces A $27M Letter of Intent to Sell Z MIX LAS VEGAS, March 9 /PRNewswire/ -- Affordable Homes of America, Inc. (OTC Bulletin Board: AHOA) ("Affordable Homes") announces the letter of intent to purchase tonnage of Z Mix for housing in Laughlin, Nevada. Affordable Homes received the following letter Thursday afternoon in their Las Vegas offices. It is replicated in its entirety. 03-08-2000 Construction Associates LLC 9354 International Center Bld. Suite 401 12th Flr. Chicago, Illinois 60601 USA Phone: 708-401-0711 Telefax: 708-401-0709 LETTER OF INTENT TO PURCHASE TONNAGE OF ZMIX (Construction Composite Material for Residential Housing Construction) Affordable Homes of America Mr. Merle Ferguson, President Mr. Frank Calmes, CFO Las Vegas Nevada USA Dear Sir(s): "It is with great pleasure that we announce our selection of primary building materials for the residential portion of the Laughlin Planned Community 3000 Residential Units. Your Zmix Composite material has been selected due to its properties and cost saving features and our aggregate volume quote for the Composite material to be delivered in a just-in-time delivery format is USD $27,000,000 CIF on site. "Our formal Purchase Contract will follow this Letter of Intent Shortly and development construction is expected to begin within 45 days. We have been given assurance that you will be issued a Performance Bond for Delivery and our firm will in turn provide a Performance Bond on the Purchase Contract to Affordable Homes of America. "The site development will consist of an Industrial Park, Gaming and Hotel area, and a 3,000 Unit Planned Residential Development in which we will use the Zmix Composite Material for Structural Construction. "We thank Phoenix International for their work in arranging this transaction and as the authorized purchasing agent and project managers for River Walk Development and Sprit Mountain Group LLC we are pleased to extend this letter of intent and look forward to a long and productive relationship with your firm." Best Regards, /s/ Construction Associates LLC Devon Crenshaw Sr., President President and CEO Merle Ferguson states, "We thank Construction Associates LLC for taking the time to understand and study our Z MIX material and for selecting it over the many other materials that were available. It was Joseph Zawada's intent to be able to provide Z MIX homes to our Native Americans. It is extremely gratifying that our first sale of Z MIX will be to the Spirit Mountain Group. Affordable Homes looks forward to a long and productive relationship with Construction Associates LLC, as this appears to be the first of several such projects." Safe Harbor Statement under the Private Securities Litigation Reform Act of 1955: Certain information contained in this release contains forward- looking statements that involve risks and uncertainties, including but not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and market competition. SOURCE Affordable Homes of America, Inc. -0- 03/09/2000 /CONTACT: Gary Smolen, Investor Relations, Global Financial Resources, Inc., 877-822-8274, for Affordable Homes of America, Inc./ (AHOA)