Homevestors® Names Franchisees To Corporate Hall Of Fame Add Nine New Franchises

DALLAS, TEXAS (Tuesday, May 31, 2005) - HomeVestors® of America, Inc., the company famous for its "We Buy Ugly Houses"® billboards, selected and inducted standout franchisees into its Hall of Fame. The franchises were chosen out of 234 locations that existed across America as of the end of 2004. Plaques that include photos of the franchisees and the name of their award have been mounted on a wall in HomeVestors' corporate offices.

HomeVestors' Leadership Team honored the Top Ten top-producing franchisees, as well as franchises that scored the Best Marketing Time, Rookie of the Year and Finance MVPs. HomeVestors congratulates each of the following honorees:

TRED Properties, LP: Jeff Burrell, Jim Youngblood, Richard Drake: Houston, TX

RMD Investments, Inc: Bob DeClue: St. Louis, MO

Old Treasure Real Estate Development, LLC: Ernest & Gina Mejia: Minneapolis, MN

RearView Properties, LP: E.J. Simonsen: Houston, TX

The Real Advantage, LLC: Cal and Robin Wilkins: Dallas, TX

PH&W Partners, Inc: Bruce Butler & Leslie Davis: Tarrant County and Dallas, TX

Bartelli Properties, Inc: Terry & Cyndy Bartelli: San Antonio, TX

Meadow Wood Properties, Inc: Dallas, TX

Crosstown Properties, LLC: Dan Freyling, Keith Mills: St. Louis, MO

Select Equity Investments, Inc: Jason Cramer: Minneapolis, MN

Metro Real Estate Corporation: Kansas City, MO

Xenacorp Properties, LLC: West Palm Beach, FL

ICP Investments, Inc: Brevard County, FL

BERJ Properties, LLC: New Braunfels/San Antonio, TX

Illinois Property Development, LLC: St. Louis, MO

PRG Realty, LLC: Macon, GA

BMW Properties, Inc: Denton, TX

Heart of Texas Properties, Inc: Waco, TX

Harvest Homes, Inc: Robert Reilly, Michael Tashman: Tucson, AZ

Cal Mat Properties, Inc: Craig Calhoun, Mark Mattlage: Ft. Worth, TX

Alliance Realty Services, LLC: St. Louis, MO

“Each of us at the corporate office has one major responsibility: to serve our customers,” explained John Hayes, HomeVestors of America, Inc. President and CEO. “Our Hall of Fame not only features our franchisees, it is a reminder of the good work that we do, because our success is reflected in the success of our franchisees.”

About HomeVestors® of America, Inc.

Founded in 1989 and franchising since 1996, Dallas-based HomeVestors® of America, Inc., has 250 franchises throughout the United States. The first franchise company of its kind, HomeVestors® trains and supports franchisees who specialize in buying homes in need of repair. Most commonly known as the "We Buy Ugly Houses"® franchise, HomeVestors® strives to make a positive impact in each community.

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