TOA Tousa

TOUSA Announces Entry Into Tampa/St. Petersburg Market HOLLYWOOD, Fla., June 1 /PRNewswire-FirstCall/ -- Technical Olympic USA, Inc. (NYSE:TOA) announced today that it has expanded into the Tampa/St. Petersburg, Florida market under the Engle Homes brand. Bob Meadows has joined TOUSA as the Division President of the Tampa/St. Petersburg division. Mr. Meadows brings to TOUSA more than 20 years of experience in residential construction and business management with a strong emphasis on the West Central Florida market. "Our expansion into the Tampa/St. Petersburg market is a natural extension of our strong Florida presence and fits our strategy of positioning our homebuilding operations in markets with strong and sustainable long-term employment and population growth," said Antonio B. Mon, President and Chief Executive Officer of TOUSA. "We are pleased that Bob has joined our team and believe his market knowledge, experience and relationships position TOUSA to become a major competitor in this market." Technical Olympic USA, Inc. ("TOUSA") is a leading homebuilder in the United States, operating in 16 metropolitan markets located in four major geographic regions: Florida, the Mid-Atlantic, Texas, and the West. TOUSA designs, builds, and markets high-quality detached single-family residences, town homes, and condominiums to a diverse group of homebuyers, such as "first- time" homebuyers, "move-up" homebuyers, homebuyers who are relocating to a new city or state, buyers of second or vacation homes, active-adult homebuyers, and homebuyers with grown children who want a smaller home ("empty-nesters"). It also provides financial services to its homebuyers and to others through its subsidiaries, Preferred Home Mortgage Company and Universal Land Title, Inc. For more information on TOUSA, please visit our website at http://www.tousa.com/ . This press release may contain forward-looking statements. The Company wishes to caution readers that certain important factors may have affected and could in the future affect the Company's actual results and could cause the Company's actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company. This press release is qualified in its entirety by cautionary statements and risk factor disclosure contained in the Company's Securities and Exchange Commission filings, including the Company's report on Form 10-K for the year ended December 31, 2004, filed with the Commission on March 11, 2005. DATASOURCE: Technical Olympic USA, Inc. CONTACT: David J. Keller, Chief Financial Officer, +1-800-542-4008, or , or Hunter Blankenbaker, Director of Corporate Communications, +1-954-965-6606, or , both of Technical Olympic USA, Inc. Web site: http://www.tousa.com/

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