SOURCE: Spotlight Homes, Inc.

October 31, 2005 09:00 ET

Spotlight Homes Enters Public Markets; Quality Home Building at an Affordable Price

HOUSTON, TX -- (MARKET WIRE) -- October 31, 2005 -- Spotlight Homes, Inc. (OTC: SPHM) is pleased to announce the availability of its affordable housing solution for families in the Southeastern United States. Spotlight Homes' customers will receive housing, financing and assistance in all facets of new home ownership.

The need for affordable housing in this country is overwhelming. The recent barrage of hurricanes during the past several months has caused billions of dollars in damage and left thousands of families in the Southeastern United States displaced and without homes. Spotlight Homes has the unique housing solution to meet this need.

Spotlight Homes is proud to embark on a path to become a leader in building affordable new homes. We work closely with several large building companies in order to streamline the building process. Our efficient method allows us to take the bulk of traditional worries out of new construction.

Customized Spotlight homes represent both cutting-edge technology and time-tested craftsmanship. Spotlight Homes are designed, engineered, and in many cases assembled in a carefully controlled environment, which means there is never a chance of poor weather or late material delivery delaying the construction of your new home. Spotlight Homes builds beautiful new homes ranging from one thousand square feet and up, faster and much more efficiently than other homebuilders, and we pass our savings on to the purchaser.

The Spotlight Homes' management team, a group of seasoned real estate professionals with over 60 years combined in the business, will act as liaisons for new home purchasers, introducing them to lenders, non-profit organizations, and we will assist home purchasers to obtain any available grant money in order to make the new home purchase less stressful.

At Spotlight Homes, our simple mission is to provide new quality homes for our customers at a price they can afford. We focus our efforts on assisting people to achieve the American dream of a quality, affordable home in a safe neighborhood. We believe the affordable housing and community development crisis can best be solved through a public-private partnership guided by the initiative of new homebuyers and supported by government and the private sector. Please visit

Forward-Looking Statements

This release may contain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current estimates and projections about Spotlight Homes' business, which are derived in part on assumptions of its management, and are not guarantees of future performance, as such performance is difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Such factors include, but are not limited to, the Company's ability to execute effectively its business plan, changes in the real estate market, changes in market activity, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. These and other risks are described in the Company's filings with the Securities and Exchange Commission, which should be read in conjunction herewith for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements. The Company assumes no obligation to update information concerning its expectations.

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