Franchise News Release: Dallas, TX - (Feb-23-2004)

HomeVestors Partners With The Home Depot

HomeVestors of America, Inc., a company specializing in buying homes in need of repair, signed an agreement with The Home Depot® (NYSE: HD) designating the company as HomeVestors’ exclusive building materials provider.

The Home Depot and The Home Depot Supply division will provide a variety of goods and services to HomeVestors franchisees through its stores nationwide. The Home Depot Supply is the division of The Home Depot that focuses on serving business-to-business customers.

"We're very pleased with this agreement with HomeVestors," said Jim Stoddart, president of The Home Depot Supply. "Because of our ability to provide a wide range of product and service offerings to HomeVestors, we are able to participate in a very unique growth sector in the real estate market."

“The Home Depot and The Home Depot Supply offer our franchisees a single-point of contact for the complete range of products needed to transform undesirable houses into appealing, comfortable, marketable homes," said David Young, president of HomeVestors. "We stand to benefit from unfettered access to the finest quality products and materials at the best prices."

About HomeVestors of America, Inc.
Founded in 1989 and Franchising since 1996, Dallas-based HomeVestors of America, Inc., has more than 200 Franchises throughout the United States. The first Franchise company of its kind, HomeVestors trains and supports franchisees who specialize in buying homes in need of repair. Most commonly known as the “We Buy Ugly Houses” franchise, HomeVestors strives to make a positive impact in each community.

About The Home Depot
Founded in 1978, The Home Depot® is the world's largest Home Improvement specialty retailer and the second largest retailer in the United States, with fiscal 2002 sales of $58.2 billion. The company employs approximately 300,000 associates and has 1,707 stores in 50 states, the District of Columbia, Puerto Rico, eight Canadian provinces, and Mexico. Its stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones Industrial Average and Standard & Poor's 500 Index.



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