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Green Builder Blu Expanding Internationally

Sells Two Homes in Virgin Islands; Signs Caribbean Distribution Agreement


News provided by

Blu Homes, Inc.

Jul 15, 2010, 11:09 ET

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WALTHAM, Mass., July 15 /PRNewswire/ -- Green builder Blu Homes, Inc. today announced it sold two homes to Indigo Island Homes to serve as model homes .  The homes, one a Blu Element design and the other a Blu Origin, are expected to be delivered to St. Croix, U.S. Virgin Islands, in early 2011.  Indigo and Blu also signed a distribution agreement allowing Indigo to market Blu's homes in the U.S. Virgin Islands, British Virgin Islands and Puerto Rico.  Indigo Island Homes will sell both Blu brands, Blu Homes and mkDesigns.

(Photo: http://photos.prnewswire.com/prnh/20100715/NE33586 )

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(Photo: http://www.newscom.com/cgi-bin/prnh/20100715/NE33586 )

"This partnership with Blu allows us to make green, healthy homes available affordably and quickly to residents of the Virgin Islands and Puerto Rico," said Anne Wachtmeister, CEO of Indigo Island Homes.  "We did our homework and selected Blu because of its high-quality construction, commitment to green and ability to efficiently and affordably transport beautiful homes to our clients."

"We have a great deal of interest for our products both within and outside the U.S.," said Bill Haney, co-founder and president of Blu.  The U.S. housing market is only 4% of the world market so the international market is an important part of our long term plans.  This move into the Caribbean is a valuable first step toward internationalization because the Caribbean  has strong demand for affordable, quality construction, our unique technology lets us supply these homes economically from our factory in Massachusetts, and because Indigo Island Homes has such excellent standing in the local markets.

Blu's break-through information and building science technology allow Blu to economically design, manufacture and ship its green homes and buildings across the United States and Caribbean.  Unlike traditional modular homes, Blu builds spaces up to 34 feet wide with ceiling heights up to 16 feet, so the designs are open, spacious and bright.  Blu's homes can be finished on site in a matter of weeks and are constructed of a steel frame designed for extraordinary durability.  Blu's proprietary heavy duty structural steel frame is particularly well suited for high wind zone/hurricane areas, earthquake areas, and other challenging environmental zones like the Caribbean.

Blu offers residential and commercial designs and has delivered homes to families and businesses across the U.S. and Caribbean.  Blu's buildings come in a variety of models, sizes and floor plans, including studios, one-, two-, three- and four-bedroom homes  and commercial buildings, all allowing for interactive customer design involvement.   Blu designs feature a unique combination of healthy, cool and green features designed to create a healthy living environment with a reduced carbon footprint.  These features include low or no-VOC paints and finishes, recycled and recyclable materials, low-flow fixtures, energy star appliances, high efficiency heating systems and architectural characteristics that maximize passive heating and cooling.  An optional pier foundation is also available.  For more information on Blu Homes or mkDesigns go to http://www.bluhomes.com or www.mkd-arc.com, and follow us on Facebook and Twitter or email us at [email protected].

SOURCE Blu Homes, Inc.

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