Oster Homes is a member of the K. Hovnanian® Family of Builders. K. Hovnanian® Homes™ designs, constructs and markets a variety of for-sale housing in more than 300 communities in 18 states, including Ohio. Hovnanian Enterprises, Inc. (NYSE-HOV) is a publicly held, Fortune 500 company. Headquartered in Red Bank, N.J., K. Hovnanian Homes is recognized as one of the nation's top 10 homebuilders, selling more than 16,000 homes nationally last year.

For more information on Hovnanian Enterprises' recent acquisition of Oster Homes,
please click here.

And for more information about Hovnanian Enterprises,
please visit the company's Web site at www.khov.com.