World Homes, Inc. Concludes an Agreement for $1 Million Equity Financing

Apr 11, 2001, 01:00 ET from World Homes, Inc.

    LAS VEGAS, April 11 /PRNewswire/ -- World Homes, Inc.
 (OTC Bulletin Board:   WHME) ("World Homes") announced it has concluded a
 definitive agreement for $1 million in equity financing from an institutional
 investor.  vFinance, Inc. (OTC Bulletin Board:   VFIN), the financial services
 industry's premier "clicks and mortar" investment bank for entrepreneurs,
 business owners and high net worth investors, assisted World Homes, Inc. in
 the transaction by structuring the equity financing.  The terms were not
 disclosed.
     President and CEO Jon Nicolaisen states, "This is an important move for us
 in terms of solidifying our fiscal soundness and ensuring that we can continue
 to execute on our business strategy.  The funds will be used for operational
 expenses as we drive toward profitability."
     "We are very excited about the company," said Andy Reckles, Managing
 Director of Investment Banking at vFinance.  "We see the growing need for
 quality, affordable housing throughout the U.S. and the rest of the world.
 With their patented Z MIX material, consisting partially of recycled
 materials, and their ability to 'pour' a home in less than four hours, this
 company can and will be a world leader in the new home market worldwide.
 Furthermore, because the homes can withstand tremors up to 8.0 on the Richter
 scale and hurricane force winds, consumers worldwide can feel completely safe
 in the home of their dreams at a price everyone and anyone can afford."
 
     About vFinance, Inc.
     vFinance, Inc. (OTC Bulletin Board:   VFIN) is a financial services company
 that provides investment banking, consulting and brokerage services to high
 growth companies and high net worth investors.  The company's Website is an
 online investment-banking center that attracts over one million investors and
 CEOs annually.  This huge audience produces the "leads" that fuel VFIN's
 branded business units.  With its combination of rich content, global
 audience, and world class services, vFinance has become a unique new force in
 the financial services industry.
 
     About World Homes, Inc.
     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 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.
 
     Safe Harbor Statement under the Private Securities Litigation Reform Act
 of 1955:  Certain information contained in this release contains
 forward-looking statements that involve risks and uncertainties, including but
 not limited to, those relating to development and expansion activities,
 dependence on existing management, financing activities, domestic and global
 economic conditions, and market competition.
 
 

SOURCE World Homes, Inc.
    LAS VEGAS, April 11 /PRNewswire/ -- World Homes, Inc.
 (OTC Bulletin Board:   WHME) ("World Homes") announced it has concluded a
 definitive agreement for $1 million in equity financing from an institutional
 investor.  vFinance, Inc. (OTC Bulletin Board:   VFIN), the financial services
 industry's premier "clicks and mortar" investment bank for entrepreneurs,
 business owners and high net worth investors, assisted World Homes, Inc. in
 the transaction by structuring the equity financing.  The terms were not
 disclosed.
     President and CEO Jon Nicolaisen states, "This is an important move for us
 in terms of solidifying our fiscal soundness and ensuring that we can continue
 to execute on our business strategy.  The funds will be used for operational
 expenses as we drive toward profitability."
     "We are very excited about the company," said Andy Reckles, Managing
 Director of Investment Banking at vFinance.  "We see the growing need for
 quality, affordable housing throughout the U.S. and the rest of the world.
 With their patented Z MIX material, consisting partially of recycled
 materials, and their ability to 'pour' a home in less than four hours, this
 company can and will be a world leader in the new home market worldwide.
 Furthermore, because the homes can withstand tremors up to 8.0 on the Richter
 scale and hurricane force winds, consumers worldwide can feel completely safe
 in the home of their dreams at a price everyone and anyone can afford."
 
     About vFinance, Inc.
     vFinance, Inc. (OTC Bulletin Board:   VFIN) is a financial services company
 that provides investment banking, consulting and brokerage services to high
 growth companies and high net worth investors.  The company's Website is an
 online investment-banking center that attracts over one million investors and
 CEOs annually.  This huge audience produces the "leads" that fuel VFIN's
 branded business units.  With its combination of rich content, global
 audience, and world class services, vFinance has become a unique new force in
 the financial services industry.
 
     About World Homes, Inc.
     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 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.
 
     Safe Harbor Statement under the Private Securities Litigation Reform Act
 of 1955:  Certain information contained in this release contains
 forward-looking statements that involve risks and uncertainties, including but
 not limited to, those relating to development and expansion activities,
 dependence on existing management, financing activities, domestic and global
 economic conditions, and market competition.
 
 SOURCE  World Homes, Inc.