COLUMBUS, Ohio, June 15 /PRNewswire-FirstCall/ -- In a joint statement
issued today, M/I Homes, Inc. (NYSE: MHO) and Steven Schottenstein
announced that, after 27 years with the Company, Steven Schottenstein,
Chief Operating Officer of M/I Homes, has resigned to pursue other
interests. He will remain on the Company's Board of Directors and continue
to serve as Vice Chair of the Board.
Robert H. Schottenstein, Chairman of the Board, Chief Executive Officer
and President stated, "Steven has been a key member of senior management of
M/I Homes for more than 27 years. He was instrumental in the opening of our
Tampa and Orlando operations in the early 1980's and helped launch our
Washington D.C. operation in the early 1990's. He has provided strong
leadership and played a significant role in the growth and success of M/I
Homes. More than anything, Steven is a "homebuilder" who cares about the
customer and is deeply committed to quality. Everyone at M/I wishes Steven
the best and thanks him for his devotion, passion and friendship."
Steven Schottenstein added, "Being part of M/I Homes for more than 27
years has been rewarding and something that I will always cherish. I am
proud of my contributions and have enjoyed working with so many wonderful
people. It has been an honor and a privilege to be part of M/I Homes. I
know it will remain one of the nation's premier homebuilders and I look
forward to my continuing involvement with the Board."
M/I Homes, Inc. is one of the nation's leading builders of
single-family homes, having delivered nearly 65,000 homes. The Company's
homes are marketed and sold under the trade names M/I Homes, Showcase Homes
and Shamrock Homes. The Company has homebuilding operations in Columbus and
Cincinnati, Ohio; Indianapolis, Indiana; Tampa, Orlando and West Palm
Beach, Florida; Charlotte and Raleigh, North Carolina; Delaware; and the
Virginia and Maryland suburbs of Washington, D.C.
Certain statements in this Press Release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "expects," "anticipates," "targets," "goals," "projects,"
"intends," "plans," "believes," "seeks," "estimates," variations of such
words and similar expressions are intended to identify such forward-looking
statements. These statements involve a number of risks and uncertainties.
Any forward-looking statements that we make herein and in future reports
and statements are not guarantees of future performance, and actual results
may differ materially from those in such forward-looking statements as a
result of various factors relating to the economic environment, interest
rates, availability of resources, competition, market concentration, land
development activities and various governmental rules and regulations, as
more fully discussed in the Risk Factors section in the Company's Annual
Report on Form 10-K for the year ended December 31, 2005. All
forward-looking statements made in this Press Release are made as of the
date hereof, and the risk that actual results will differ materially from
expectations expressed in this Press Release will increase with the passage
of time. The Company undertakes no duty to publicly update any
forward-looking statements, whether as a result of new information, future
events or otherwise. However, any further disclosures made on related
subjects in our subsequent filings, releases or presentations should be
SOURCE M/I Homes, Inc.