M.D.C. Holdings Inc., a leading homebuilder based in Denver, announced a donation of $1 million to a relief fund being established to provide financial aid to victims of terrorism, including the families and rescue workers who were affected by the tragic events of September 11th. The donation will come directly from corporate funds and contributions from the Company's employees and business partners in all its markets.
The money will go to the Homebuilders Care Victims Relief Fund, an effort established by a number of the nation's largest homebuilders that has as its goal a contribution of at least $10 million to the relief efforts.
"So many of our employees have asked us what we, as a company and as individuals, can do to help in this time of national crisis," said Larry A. Mizel, chairman and CEO. "We are very proud to join together with our employees, trade partners and other industry leaders to aid those who may suffer at the hands of terrorist activity. The world community must realize that we are united and firmly dedicated to defend our freedom and the American way of life. We trust that our contribution, together with the outpouring of donations throughout the country, will convey to the victims and their families the depth of our sorrow at what they have suffered and our commitment to go forward together."
MDC, whose subsidiaries build homes under the name "Richmond American Homes," is one of the largest homebuilders in the United States. The Company's wholly owned subsidiary HomeAmerican Mortgage Corporation provides mortgage financing primarily for MDC's home buyers. MDC is a major regional homebuilder with a significant presence in some of the country's best housing markets. Richmond American Homes is the largest homebuilder in Colorado; among the top five homebuilders in northern Virginia, Phoenix and Tucson; and among the top ten homebuilders in suburban Maryland, Las Vegas, Southern California and Northern California.
Contact: Paris G. Reece III, Chief Financial Officer of M.D.C. Holdings
Inc., +1-303-804-7706, greece@mdch.com; or Rodger Van Allen of
Rubenstein Associates, Inc., +1-212-843-8282, rvanallen@rubenstein.com,
for M.D.C. Holdings Inc.
The Richmond American Homes companies (RAH), HomeAmerican Mortgage Corporation (HMC), American Home Insurance
Agency (also known as AHI Insurance Agency) (AHI) and American Home Title and Escrow Company (AHT) are
owned, directly or indirectly, by M.D.C. Holdings, Inc. and, therefore, are affiliated companies. Each of
RAH, HMC, AHI and AHT offers services independently of each other, and if you obtain a product or service
from one company, you are not required to utilize the services of, or obtain products from, the other
company. Your decision to use a company that is not affiliated with RAH, HMC, AHI or AHT will not affect
your ability to obtain products and services from these companies. See licensing information.
Certain statements on the Site, including statements regarding the MDC Companies' business, financial condition,
results of operation, cash flows, strategies and prospects, constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be
identified by terminology such as "likely," "may," "will," "should," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "potential" or "continue," or the negative of such terms and other
comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or achievements of the MDC Companies to be materially
different from any future results, performance or achievements expressed or implied by the forward-looking
statements. Additional information about the risks and uncertainties applicable to the MDC Companies' business
is contained in MDC's filings with the Securities and Exchange Commission, including MDC's Annual Reports on
Form 10-K and Quarterly Reports on Form 10-Q. The MDC Companies undertake no duty to update publicly any
forward-looking statements, whether as a result of new information, future events or otherwise. However, any
further disclosures made on related subjects in MDC's subsequent filings with the Securities and Exchange
Commission, press releases and/or presentations should be considered.
