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Re: Jim Bishop post# 78384

Wednesday, 02/15/2006 10:54:16 PM

Wednesday, February 15, 2006 10:54:16 PM

Post# of 286013
WRKC FYI: Announcing a "new" development on February 23rd.

Press Release Source: Reynolds Family Homes

''Hip Hop Builder'' Hosts Grand Opening of First ''P-Lo'' Model
Tuesday February 7, 4:25 pm ET
Reynolds Family Homes to Announce New Development


COLUMBUS, Ohio--(BUSINESS WIRE)--Feb. 7, 2006--RPM Ventures, LLC dba Reynolds Family Homes (http://www.reynoldsfamilyhomes.com) announced that Columbus City Councilwoman Charleta B. Tavares, Chairwoman of the Health, Housing and Human Services Committee, will join a Grand Opening ceremony for it's first model (the P-Lo or http://www.flickr.com/photos/52579526@N00 ) and announce a new affordable housing development, which will be held 12 pm Thursday February 23, 2006 at 2402 Palmetto St, according to Tony Reynolds, RPM Ventures, LLC chief managing member.

"This is an exciting time for Reynolds Family Homes," Reynolds said. "We have proven we can create viable opportunities for the Columbus community. We created work and commerce in this neighborhood, as well as revitalized a portion of this block," Reynolds said.

"Columbus Mayor Coleman has previously said, 'We're rebuilding America's 21st Century City as the best place in the nation to live, work and raise a family,' and Reynolds Family Homes feels proud to have built upon his vision," Reynolds said.

Reynolds gained the nickname "Hip Hop Builder" from his unique marketing style. "Our main interest and first priority is in building high-quality affordable housing," Reynolds said. "Since Wireless Flash News wrote about us as the 'Hip Hop Builder' we were on two Detroit radio stations, WJIM with Lisa D and WRIF Drew and Mike morning show. It also generated interest from The Wall Street Journal,'Good Morning America' producer, Hip Hop Net, and from Steve Harvey productions."

The latest Census data reflects African Americans in the Columbus market make up a 26% population share. Columbus Metropolitan Housing Authority (CMHA) sponsored analysis found a deficit of 22,000 units.

Reynolds thinks his target market likes Hip Hop names for his home models. He asked his son Anthony Jr to name a model. He said, "The Platinum Grillz Dad," Reynolds recalled. The house features a prominent attached front garage. "It made sense!" Reynolds said.

The following Affordable home models are:

The P-Lo - 1100 sq ft ranch
T-Squared (T2) - 1400 sq ft two-story
Platinum Grillz - 1600 sq ft two-story
Window Rock Capital (OTC:WRKC - News), Reynolds development partner will be attending the ceremony.



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