SOURCE: HouseRaising, Inc.

May 30, 2007 06:00 ET

HouseRaising and Katonya B. Riley Form K.B. Riley Homes, LLC, to Construct Homes in the New Orleans Area

CHARLOTTE, NC--(Marketwire - May 30, 2007) - HouseRaising, Inc. (OTCBB: HRAI), a managed service provider to the custom homebuilding industry, today announced the formation of a partnership, through a combination of operations, with Katonya B. Riley to renovate and build custom homes in the New Orleans area.

Katonya Riley has been a builder for ten years and has her own business renovating homes in New Orleans the past two years. In the past year, her company has renovated 8 homes locally. She will begin building custom homes as a result of her relationship with HouseRaising.

Greg Wessling, chairman, president, and CEO of HouseRaising, said, "Katonya Riley will be a terrific addition to HouseRaising's group of builder partners in the New Orleans marketplace. She has a strong background and knowledge of this area, and is a very detailed and creative contractor with an extensive network of sub-contractors as well as overall experience in the industry."

The new entity will operate as K.B. Riley Homes, LLC, a HouseRaising Builder. The partnership, structured as a 50-50 limited liability company, is expected to design, sell and build up to twenty custom homes annually. Under the terms of the agreement, which HouseRaising designates as a series #200 business relationship, K.B. Riley Homes will recruit local builders and HouseRaising's system and support network will manage each project.

Katonya Riley said, "This will be my first foray into truly custom home building. I appreciate the advantage I will get from the HouseRaising relationship, which is one of support and establishment. I look forward to the many things that I will learn from being in the New Orleans market as a HouseRaising builder partner."

To date, Riley is the 19th builder that HouseRaising has signed an operating agreement with to develop local operations.

HouseRaising offers four types of business opportunities to custom homebuilders who wish to partner and take advantage of its unique custom homebuilding management process. These are: Series #100 business relationships with a single builder-owner who builds up to five homes a year; Series #200 business relationships with custom homebuilders who complete five to 20 homes annually; Series #300 operations employ a team of HR support experts and 15 builders to sell, design and build up to 50 homes a year. Series #400 is a zone operation, in which 150 to 300 homes will be built annually.

HouseRaising's system and builder support network brings economies of scale to the ventures and its expert staff manages all vendor relationships. HouseRaising and builders share profits and all projects must meet HouseRaising's exacting quality and operational standards.


HouseRaising, Inc. serves as general manager of projects, assisting its business relationship partners in every step of the custom home building process from design and cost estimation to construction. Using its internal use software, HouseRaising assists builder partners to improve the quality of the homes while lowering the overall cost. Through HouseRaising's strategic relationships and buying power, builder partners also enjoy savings on materials, equipment and insurance. HouseRaising is also in the business of building custom homes. For more information, go to

Forward-Looking Statements

This report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, and the impact of competitive services and pricing and general economic risks and uncertainties.

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