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2001 PRESS RELEASES

Released: October 15, 2001

Astoria Homes Honored with Two Awards at
2001 Homer Awards Event

Astoria Homes, a leading Southern Nevada homebuilder, announced today it received two Homer Awards and five Awards of Merit during the 18th Annual Homer Awards of the Southern Nevada Home Builders Association event on October 13 at the MGM Grand Conference Center.

Astoria's two Homer Awards were in the category for "Best Model Home Kitchen - 200 Square Feet and Under" for the Residence 162 at its Auburn Hills Community. The home designer for this floor plan was Tracey Lee, Vice President of Home Design for Astoria Homes. The homebuilder also was honored for "Best Model Home Interior Decoration - $18 per square foot and under" for their Residence 480 model home in its Silverado Lane community. The interior design team was Design Dimensions.

"We are very excited about these honors and dedicate these awards to the Astorian Team - all our team members and subcontractors who work hard to create quality homes and make our homebuyers completely satisfied," said Astoria Homes Marketing Director Sia Howe. "We plan to continue meeting the demand in the local market for purchasing exceptional homes at a fair price."

Founded in 1995, Astoria Homes is a Las Vegas - based homebuilder with expected home closings to exceed 800 this year. Astoria's communities include: Canyon Trails and Auburn Hills at Rhodes Ranch; Stonegate Encore and Silverado Lane in Silverado Ranch; Ironwood and Parkside Village in Centennial Hills, and Villa Villagio in Seven Hills.

The majority of the Astoria Homes communities feature "Energy Star," an EPA-approved system of ensuring that homes are at least 30 percent more efficient than the Model Energy Code. By using the "Energy Star" program, homeowners save valuable energy and also lower the cost of heating and cooling their homes.

In an effort to continually improve our plans and designs, ASTORIA HOMES reserves the right to change features, plans, prices, and specifications without notice. All square footages distributed and verbally-quoted are approximate.

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