SOURCE: HouseRaising, Inc.

June 05, 2007 06:00 ET

HouseRaising and Patrick Rowe From Patrick Rowe Homes, LLC to Construct Homes in the Baton Rouge Area

CHARLOTTE, NC and BATON ROUGE, LA--(Marketwire - June 5, 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 Patrick Rowe to renovate and build custom homes in the Baton Rouge area.

Rowe is the second builder from the Gulf Coast area to become a HouseRaising partner in the past two weeks. He has been building and renovating homes in the Baton Rouge area since 2005. In that two-year period, Rowe completed ten new custom homes and five remodeling projects in Baton Rouge.

Greg Wessling, chairman, president, and CEO of HouseRaising, said, "We are delighted to expand our footprint in Baton Rouge with the addition of Patrick Rowe as a builder partner. Last year alone he successfully built seven custom homes in the area."

The new entity will operate as Patrick Rowe 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, Patrick Rowe Homes will recruit local builders and HouseRaising's system and support network will manage each project.

Patrick Rowe said, "I am pleased to join the HouseRaising team and the opportunity to work with an experienced company and learn a proven system which will ultimately help better my business. And I believe that my homebuyer clients will find the HouseRaising system will help them in many ways, in particular, by giving them the opportunity to track and watch the progress of the project on line."

To date, Patrick Rowe is the 20th builder that HouseRaising has signed an operating agreement with to develop local operations. He is the sixth builder in Zone 2, which encompasses the Gulf region of Mississippi, Louisiana and Alabama. There are 14 builder-partners in Zone 1, which covers the Carolinas.

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 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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