World Homes Inc (fka WHME)

[jmhollen]

World Homes, Inc. Announces Management Changes

PR NEWSWIRE

LAS VEGAS, Jan. 25 — World Homes, Inc. (OTCBulletinBoard:WHME) ("World Homes") announced today the appointment of Jon Nicolaisen as its new president and chief executive officer and a member of the company's Board of Directors effective February 1, 2001. Mr. Nicolaisen will succeed Merle Ferguson who will remain as Chairman and a member of the Board of Directors.

Mr. Nicolaisen, age 40, has spent the last ten years as the president and CEO of Custom Food Processors International (CFPI) and Spring Valley Specialties, Inc. CFPI became the largest exporter of its manufactured food products in the United States leading to the acquisition by Dean Foods (NYSE:DF). Following the acquisition, Mr. Nicolaisen served for two years as a strategic business consultant for Dean Foods in the management of the international business for the food products divisions. In addition, Small Business Administration nationally recognized Mr. Nicolaisen as Business Person of the Year for the state of Iowa in 1999.

Mr. Ferguson stated, "I am excited to have Mr. Nicolaisen join our team and lead the growth of our Company. He brings to World Homes immense international experience to forge our presence in the world markets. His background and experience in building and managing manufacturing environments will be extremely valuable as World Homes continues to grow."

Mr. Nicolaisen stated, "I am extremely pleased that the Board of Directors has the confidence in me to ask me to become the new president and CEO of World Homes. The great culture and working environment at World Homes is a tribute to Merle's leadership style. I am excited to engage in the opportunity to help build this Company to its full potential. This opportunity truly compliments the strength of my experience."

In addition, chief financial officer Michael Schulman has announced his resignation from World Homes, Inc. to pursue other business interests.

"The Board and the Company are appreciative of Michael's contributions to World Homes and, specifically, his assistance in increasing the valuation of our Z MIX patent," said Mr. Ferguson. "We wish him the best in his future endeavors."

"We are initiating a candidate search immediately," Mr. Ferguson continued. "Until Michael's successor is named, Susan Donohue, Secretary and Treasurer, will assume administrative responsibility for the corporate finance department."

World Homes provides revolutionary building techniques for the construction of affordable fireproof and earthquake proof housing using the proprietary material Z MIX. Z MIX, a cementitious product, combines bentonite, diatomaceous earth and shredded tires to create a lightweight building material that significantly reduces the time and cost of constructing a house. The Company currently holds patents on Z MIX.

For more information on World Homes, Inc., please visit the Web site http://www.theworldhome.com. For further information please contact Rich Kaiser of Yes International, Inc., 1-800-631-8127, for World Homes, Inc.

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