HouseRaising, Inc. (OTCBB: HRAI)

Dear Reader, 

Today’s featured company HouseRaising Inc. (OTCBB: HRAI) serves as the “General Manager" for custom home projects for individuals, effectively providing the skills and resources for people who know what they want but don't know how to build it.  HRAI uses its patent-pending processes and its network of skilled craftsmen and knowledgeable advisors to improve the quality of the home and the homebuilding experience while lowering total costs by 10 to 15%.  Please read our initial profile on HRAI by HERE.  

And take a moment to peruse today's Breaking News from HRAI announcing a Strategic Partnership with one of the nation's top banking institutions.
 

Today's BreakingNews From HouseRaising

Press Release 
Source: HouseRaising, Inc.
Monday July 11, 8:00 am ET

CHARLOTTE, N.C., July 11 /PRNewswire-FirstCall/ -- HouseRaising, Inc., (OTC Bulletin Board: HRAI - News; "HouseRaising" or the "Company") today announced the formation of a strategic partnership and operating line of credit with Wachovia Corp.

Greg Wessling, HouseRaising's Chairman and CEO, today announced the company has entered into a strategic partnership with Wachovia in Charlotte, North Carolina. Through this partnership, Wachovia has agreed to become the lead bank in assisting HouseRaising to fund its national expansion plan. Wachovia also approved a $1 million line of credit to fund the Company's operational requirements.

Mr. Wessling stated: "We are pleased to have had the opportunity to work with Robert (Rob) P. Williams III, Vice President of Wachovia in establishing and managing this relationship. Wachovia is one of the nation's foremost banking and financial service institutions. We felt that it was important for HouseRaising to form a strategic alliance with a leading financial institution, especially one that is headquartered in our hometown."

As announced last week Mr. Wessling became Chairman and CEO on June 23rd. "We are pleased with the level of enthusiasm and excitement that Greg has brought to our organization," commented Bob McLemore, the company's founder and President. "As we approach the commercial implementation and market launch of our automated building management tool, 'System C', we will initiate a comprehensive zone-wide marketing and sales effort under Greg's guidance and leadership. HouseRaising has already begun creating a pipeline of customers who desire HouseRaising to manage the designing and building of their dream homes."

About HouseRaising, Inc.:
What We Are: Functioning exclusively in the custom homebuilding arena, HouseRaising, Inc. is a Managed Service Provider that will revolutionize the way custom homes are designed and built by small homebuilders.

What We Do: Performing the role of "General Manager," HouseRaising manages design and build projects with services that improve the quality of the home and the homebuilding experience while lowering its total costs by 10 to 15%. By providing managed services to homebuyers, builders and vendors, HRI turns complicated custom home and renovation projects into financially sound and fun endeavors.

How We Do It: Operating from a national control center and zone design centers located throughout the country, HouseRaising personnel utilize a patent-pending process to define and manage every step in designing and building custom homes.

Before investing in the project, homebuyers visit HouseRaising design centers which display every component that goes into a new home, allowing customers to examine the quality and make selections. Meeting with homebuyers and the builder, HRI consultants develop: turn-key sales prices; select specifications and create workable contracts; designs the home; obtains architectural and engineering approvals; prepares accurate budgets; arranges and manages financing; coordinates the projects through affiliated builders and vendors committed to providing quality products and services for fixed prices.

HouseRaising sells its managed services to both the homebuyer and the homebuilder. Because HouseRaising does not compete with custom homebuilders as a competitive builder, and because HouseRaising does not share in the builder's profits, the company's approach of linking builders, buyers and vendors into a single contract for services represents the interest of homebuyers, vendors and builders alike. Homebuyers who have selected a local builder as well as buyers who seek a quality builder to build their home can contract with HRI to manage the project for both of them.

For more information, please visit our website at http://www.houseraising.com/.

CERTAIN INFORMATION CONTAINED IN THESE MATERIALS IS "FORWARD-LOOKING" INFORMATION, SUCH AS PROJECTIONS, ESTIMATES, PRO FORMAS, OR STATEMENTS OF INTENTIONS, EXPECTATIONS OR PLANS. ALL FORWARD-LOOKING INFORMATION IS SUBJECT TO KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES, MANY OF WHICH ARE OUTSIDE OF THE CONTROL OF THE COMPANY. CONSEQUENTLY, ACTUAL RESULTS MAY, AND PROBABLY WILL, DIFFER MATERIALLY FROM THE RESULTS CONTEMPLATED IN SUCH FORWARD-LOOKING INFORMATION.

Source: HouseRaising, Inc.
 

About HouseRaising, Inc.

HouseRaising Inc. (HRI) (OTCBB: HRAI) operates exclusively in the custom homebuilding arena as a Managed Service Provider intended to revolutionize the way custom homes are designed and built by small homebuilders. 

What They Do:
Functioning nationally as the project’s “General Manager,” HouseRaising improves the quality of the home and the homebuilding experience while lowering total costs by 10 to 15%.  By administering its managed services for homebuyers, builders and vendors, HRI turns complicated custom home and renovation projects into financially sound and fun endeavors. 

How They Do It:
Operating from a national control center and zone design centers located throughout the country, HouseRaising personnel utilize a patent-pending process that defines and manages every step in designing and building custom homes. HRI develops sales contracts, designs the homes, obtains architectural and engineering approvals, prepares specifications and accurate budgets, arranges and manages financing, produces and coordinates affiliated builders and vendors that are committed to providing quality products and services for fixed prices. 

HRAI's Market Potential: 

Of the 500,000 custom-home projects built by 250,000 small builders in America each year, every one of them could benefit from HouseRaising’s managed services.  HouseRaising sells its services through a two-channel marketing and sales approach. 

Channel #1:  HRI approaches the small custom builder who has existing buyer clients who need HouseRaising’s services. 

Channel #2:  HouseRaising markets its services directly to homebuyers who need quality builders for their projects.
When 1% of the buyers or builders developing the 500,000 projects choose HRI to manage their projects, HouseRaising will create homes valued at $2.25 billion with cash flow of $90 million. Management believes that when HouseRaising is fully operational and properly presented to buyers and builders across America, it is realistic to expect that between 1% and 5% of the 500,000 projects will use these services, making HouseRaising one of the largest companies in the industry. 

• HouseRaising USA (HR-USA) functions as a marketing channel directed to custom homebuyers.
• HR Custom Builder Division works directly with custom homebuilders around the nation.
• HouseRaisingAcademy (HRA), is an Internet-based technology company providing management software, support structure and consulting for all HouseRaising activities.

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HouseRaising’s marketing focus is to operate under the radar screens of large builders and become ... "A national company  of local homebuilders.”  Up to 6,000 small homebuilders selling and building 2 or 3 homes or 4 to 6 renovation projects annually in out of the way places, is expected to produce sales revenues equal to some of the nation’s largest homebuilders.  HouseRaising establishes builder relationships in large cities, but its emphasis is on developing multiple-builder relationships in  small towns across America

Investment Considerations

• Patent-pending management system provides “one-stop shopping” for custom homebuyers and homebuilders

• Highly experienced management and board

• Company is advancing national business development ahead of schedule through Strategic Partnership with CitiMortgage and pending acquisition of Florida-based Integrity Contractors

• Addresses market realistically valued at $2.25 billion generating annual cash flow of approximately $90 million

• In first quarter of 2005, Company obtained new contracts totaling more than $2.4 million in sales that are projected to be completed within an average of 9 months

• Company’s unique national business strategy and its turn-key solution for one-of-a-kind residences have no direct competitors in the custom homebuilding industry

Other Recent News From HouseRaising

Press Release - Thursday June 23, 8:00 am ET 

Press Release - Friday June 17, 12:58 pm ET

Press Release - Tuesday June 7, 8:00 am ET 

Financial Highlights For HouseRaising

To Contact HouseRaising, Inc.

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