6,000 Homes Projected to Install Home Director Technology
Estimated Value of Agreement at $6,000,000 to $24,000,000
CAMPBELL, Calif., Oct. 25, 2007 (PRIME NEWSWIRE) -- Home Director, Inc. (OTCBB:HMDO), a provider of reliable infrastructure, entertainment, and control products for the Connected Home market, today announced that Resort Technical Services (RTS), a leading provider of service infrastructure and integration services to new luxury homes in Mexico, has chosen Home Director products for the 6,000 homes planned for the Loreto Bay development. The company estimates the value of the contract to range from $6,000,000 to $24,000,000 with shipments beginning immediately.
"Loreto Bay is a high-end luxury resort being developed north of La Paz on the Baja Peninsula of Mexico with homes in the $400,000 to $2,500,000 price range," said Ricardo Rodriguez, President of Resort Technical Services. "In addition to inspiring architecture, these homebuyers want modern communications and control products with exciting entertainment amenities, and that's where Home Director comes in. Home Director provides the broadest range of technology products for new production homes -- from hard-line and wireless data, voice, and video to entertainment, security, and control -- truly the breadth of choice our customers are looking for."
"RTS is delivering a high-speed fiber optical network connection to every home in the community keeping homeowners fully connected to the world," said David Bradshaw, VP of Marketing and Sales of Resort Technical Services. "Ensuring that those services are delivered the 'Last 100 feet' within the home is extremely important to us, and, again, that's where Home Director's line of reliable data, voice, and video distribution products play a key roll."
"Loreto Bay is about relaxation and enjoyment of life," continued Scott Miller, VP of Operations of Resort Technical Services, "Many of these homeowners want the ultimate in entertainment systems - surround sound home theaters, digitally delivered music playing throughout their homes, and personal media like photos and videos displayed on every TV in the home. Home Director provides these products as well, making our decision to partner with them all the more important to us."
"When completed, Loreto Bay will be one of the most desirable communities in the world," said Michael Liddle, CEO of Home Director. "Loreto Bay is creating an entire town with the village feel of old Mexico, with the streets and paths that flow to make the entire community pedestrian friendly, with the textures and materials that speak of tradition, but, thanks to RTS, with the level of communication and entertainment services that completely integrates this town into the 21st century. We're honored to be providing the technology products for the Loreto Bay development and look forward to working with RTS on their future developments."
About Home Director:
Home Director (OTCBB:HMDO) delivers reliable infrastructure, entertainment, and control products for the Connected Home. The company's complete line of wired and wireless products provides affordable solutions to home entertainment, communications and comfort, and offers unique opportunities for networking within production home communities. Learn more about us on the web at www.HomeDirector.com.
The Home Director, Inc. logo is available athttp://www.primenewswire.com/newsroom/prs/?pkgid=4230
Safe Harbor
This press release may contain forward-looking statements, including statements regarding the anticipated benefits from the selection of the Home Director products for the Loreto Bay development. Such statements are based upon beliefs of, and information currently available to, the management of Home Director. The forward-looking statements reflect the current view with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the company's industry, operations and results of operations and the success of the contemplated build out of this development. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. The company undertakes no obligation to update or revise any forward-looking statement contained in this press release for events or circumstances after the date on which such statement is made, except as required by law.