CULIACAN, Mexico, March 14 /PRNewswire-FirstCall/ -- Desarrolladora Homex,
S.A. de C.V. (NYSE: HXM) (BMV: HOMEX) (Homex or the Company) announced the
signing of an agreement with Grupo Financiero Banamex that provides its
customers with preferential financing terms starting June 1, 2005. Under the
agreement, Banamex will offer 15-year mortgages to Homex's clients with an
annual fixed rate of 12%. Homex clients seeking a mortgage through Apoyo
Infonavit will receive a further reduction in commissions. The standard rate
for a similar mortgage offered by Banamex, also starting June 1, will be 13%.
Both companies consider this agreement to be mutually beneficial. Banamex
will provide its clients with information about Homex and the different types
of houses the Company offers. The Homex sales force will advertise Banamex in
each of its branches that offer the bank's mortgage products. At the same
time, Homex will have direct access to Banamex's credit application website,
where applications can be immediately pre-authorized through the site,
providing Homex's clients with some of the fastest and most efficient service
in the industry.
"Homex's customers, that could be employees of the largest bank in Mexico,
will benefit from this agreement, accessing competitive and creative mortgage
products while at the same time enjoying the benefits and comfort of owning a
Homex home," commented Gerardo de Nicolas, Chief Executive Officer of Homex.
"We are excited to team-up with Banamex in this endeavor and look forward to
maintain a mutually beneficial relationship in the years to come."
About Homex
Desarrolladora Homex, S.A. de C.V. is a leading, vertically integrated
home development company focused on affordable entry-level and middle-income
housing in Mexico. It is one of the most geographically diverse home builders
in the country. Homex is the fastest growing of the publicly listed home
builders in Mexico, based on the increase in number of homes sold, revenues
and net income.
For additional corporate information, please visit the Company's web site
at: http://www.homex.com.mx .
Desarrolladora Homex, S.A. de C.V. press releases and all other written
materials may from time to time contain statements about expected future
events and financial results that are forward-looking and subject to risks and
uncertainties. Forward-looking statements involve inherent risks and
uncertainties. We caution you that a number of important factors can cause
actual results to differ materially from the plans, objectives, expectations,
estimates, and intentions expressed in such forward-looking statements. These
factors include economic and political conditions and government policies in
Mexico or elsewhere, including changes in housing and mortgage policies,
inflation rates, exchange rates, regulatory developments, customer demand and
competition. For those statements, the Company claims the protection of the
safe harbor for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. Discussion of factors that may affect future
results is contained in our filings with the Securities and Exchange
Commission.
Investor Contacts
investor.relations@homex.com.mx
Carlos J. Moctezuma
Head of Investor Relations
+5266-7758-5838
cmoctezuma@homex.com.mx
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