RESTON, VA, Feb 23, 2007 (MARKET WIRE via COMTEX News Network) -- Comstock Homebuilding Companies, Inc. (NASDAQ: CHCI) announced today
that it will hold an investor conference call hosted by Christopher
Clemente, chief executive officer, and Bruce Labovitz, chief
financial officer, to discuss financial results for the twelve months
ended December 31, 2006. The call will be held on Tuesday, March 13,
2007 at 11:00 a.m. Eastern Time. The Company plans to release its
2006 financial results after the market closes on Monday, March 12,
2007. The Company announced that in connection with its results for
the three months ended December 31, 2006, it plans to record a
pre-tax charge of approximately $40 million associated with land
impairments and write offs of deposits and feasibility costs relating
to abandoned option contracts.
This investor call will be available via live webcast on the Comstock
Homebuilding Companies' website at
http://www.comstockhomebuilding.com in the "Investor Relations"
section. To participate by telephone, the dial-in number is
800-418-6860 and the access code is 8454271. Investors are advised to
join at least five minutes prior to the call to register. The call
will be archived for seven days: from 6:45 p.m. Tuesday March 13,
2007, until 11:59 p.m. Tuesday March 20, 2007.
About Comstock Homebuilding Companies, Inc.
Comstock is a production homebuilder that develops, builds, and
markets single-family homes, townhouses, mid-rise condominiums,
high-rise condominiums, mixed-use developments and condominium
conversions. The Company currently markets its products under the
Comstock brand in the Washington, D.C., Raleigh, North Carolina and
Atlanta, Georgia markets. The company targets a diverse range of
buyers of moderately priced homes. For more information on Comstock,
please visit http://www.comstockhomebuilding.com.
This press release includes "forward-looking statements" within the
meaning of the federal securities laws, which involve uncertainties
and risks. These include statements regarding events or developments
that the Company expects or anticipates will occur in the future,
such as statements about the Company's strategies to improve
operating performance. Please refer to the Company's prospectus and
its other filings with the Securities and Exchange Commission for a
complete discussion of these and other important factors that could
cause results to differ materially from those projected by these
forward-looking statements.
CONTACT:
Bryan L. Murray
+1-703-230-1450
SOURCE: Comstock Homebuilding Companies, Inc.