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Results indicate strong shareholder response and support
By Bonnie DePasse On June 14, 2007, the shareholders of HomeVestors of America, Inc., cast their votes for the 2008 HomeVestors Board of Directors. All board members nominated by the company were re-elected, receiving approximately 95% of the votes cast. Each board member will serve a one-year term. HVA President and CEO John P. Hayes was re-elected Chairman of the Board for the third consecutive year. "I am grateful for the strong support demonstrated by our shareholders," says Hayes, "and I appreciate the fact that our shareholders remain enthusiastic about the direction of our company and are committed to our future development." The other 2008 Directors who were re-elected are as follows:  | | Edward C. Suder | | Edward C. Suder – Mr. Suder manages a line of Power Integrated Circuit products for Texas Instruments. As product manager, he has business responsibility for the definition, development, support, marketing, and sales of these products. He has been with T.I. since 1986 and is a licensed professional engineer. Ed is also Chairman of the Board of Southern Methodist University's Electrical Engineering Advisory Board, and was the Vice Chairman and Cofounder of UXPI, an international engineering standards organization from 2002 through 2004. During 2001 and 2002, he also served on the Board of Cielo Communications.
 | | Clifford D. Harmon | | Clifford D. Harmon – Mr. Harmon has been the founding shareholder of Harmon Law Firm in Dallas since 1993. His practice concentrates on real estate, real estate finance, and general corporate matters. He served as the Vice Chair of the Real Estate Section for Page & Addison, P.C., from 1989-1992, and has more than 20 years of real estate law experience.
 | | Ramon D. Phillips | | Ramon D. Phillips – Mr. Phillips retired in 2001 as Chairman of the Board, President and CEO of Hallmark Financial Services, Inc., a publicly traded Financial Service Company, after 12 years of service. Prior to working with Hallmark, Ramon had more than 15 years' experience in the franchise restaurant industry, serving as Controller for Kentucky Fried Chicken, Inc; Director, Executive Vice President and CFO of Pizza Inn, Inc.; and lobbyist for Pizza Inn and the restaurant industry. He is a partner and Director of Wholesale Software International, Inc.
 | | William P. Allen, Jr. | | William P. Allen, Jr. – Mr. Allen is a managing director in investment banking for Morgan Keegan & Company, Inc., a subsidiary of Regions Financial Corp. He joined the firm in 1995, and currently focuses on new business sourcing and origination, and serves as a liaison between the Regions bankers and Morgan Keegan brokers. Prior responsibilities included managing a consumer investment banking practice. He has over 30 years' experience in financial services in both commercial and investment banking.
 | | Larry G. Dubose | | Larry G. Dubose – Mr. Dubose founded Dubose Model Home Company in 1985, which acquires and manages model homes on behalf of various limited partnerships. In 2004, Larry sold the company and continues to serve as President of the General Partners and President of the new operating company, Dubose Model Homes USA. In 2007, he joined the Board of Directors for NetREIT, a real estate investment trust currently raising money to purchase commercial real estate.
 | | Charles F. Burley, Sr. | | Charles F. Burley, Sr. – Mr. Burley has been Vice Chairman of HVA since October 2005, executive vice president since June 2006, and a director since January 1999. From 1998 to 2005, he was the company's Chief Financial Officer. He has been Chairman of the Board of Interstate Fittings, Inc., since 2004.
HVA looks forward to a very successful 2007-2008 year with the newly elected Board of Directors charting its course. HVA and the Board appreciate the strong support and confidence shown by the HVA shareholders as indicated by this very favorable vote. . . . Bonnie DePasse is HVA's VP/Legal and ombudsman. She can be reached at 972.761.0046, ext. 133.
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