MH2's Consumer Web Site Connects Millions of Home Buyers to Country's Top Homebuilders;...

Business Editors/High-Tech Writers

DALLAS--(BUSINESS WIRE)--Oct. 11, 2001

MH2Technologies, the nation's leading provider of Internet-based scheduling, management, and collaboration tools for the construction industry and other verticals, today announced that it has teamed with

NewHomeSource.com is Austin, Texas-based Builder Homesite, Inc.'s consumer website. Builder Homesite, Inc. is a consortium of the country's leading builders.

"By blending MichaelHoligan.com with NewHomeSource.com we've created a powerhouse Internet resource for home builders and consumers alike," said Michael Holigan, president of MH2Technologies.

Between 500,000 and one million unique visitors come to MichaelHoligan.com each month, having seen the site featured on the television show Michael Holigan's Your New House. NewHomeSource.com will be the new home listing source for the MH2 web site.

"Most of our visitors are looking for new homes," said Holigan. "If you're a builder, that means we deliver the ultimate target audience. The people who come to our site will now find more quality, new-construction homes at MichaelHoligan.com than on any other single online source."

"We both share a common mission of helping the nation's builders sell more homes," said Tim Costello, president and CEO of Builder Homesite, Inc. "Our partnership with Michael Holigan.com brings together two niche-focused organizations dedicated to the new home construction process and, most importantly, to provide the consumer with all the resources needed in their search for a new home."

When visitors to MichaelHoligan.com click on "New Homes," they open the door to an unprecedented number of new-construction homes. The powerful NewHomeSource.com search engine helps consumers locate thousands of homes, view floor plans, photos, options, and information about builders and learn about their future neighborhoods.

The Map Search feature quickly locates new-home communities in over thirty states. Searches can be customized by price, square footage, number of bedrooms and bathrooms, even street address. The NewHome Planner organizes and saves searches and favorite floor plans, making research easy.

"This relationship establishes NewHomeSource.com and Michael Holigan.com as the premier players serving both the new home buyer and the new home building industry," said Builder Homesite's Costello.

Added Holigan: "Since our shared goal is to help make home builders more profitable, it's a great fit for both companies. NewHomeSource.com and MichaelHoligan.com working together is just step one toward a number of initiatives Builder Homesite and MH2 has planned. In the months to come builders and consumers will be hearing a lot more from us."

MH2Technologies offers a range of technology platforms (sales management, options, design center, scheduling, inspection, procurement, collaboration, warranty, and accounting systems) that are integrated to build total solutions for the homebuilding industry:

-- MH2 uses an open technology platform allowing all industry technology
systems and software to communicate and collaborate with each other.

-- MH2Build uses the scheduling, inspection and procurement modules so that
homebuilders and contractors can reduce cycle time and overhead and benefit
from having more exact job scheduling and data from the site in real time.

-- MH2Supply is the system used by dealers, suppliers and subcontractors to
collaborate with homebuilders and contractors. MH2Supply provides a system that
allows dealers and contractors to reach each other in a real-time manner, have
access to accurate forecasting, improve customer service, and reduce
unnecessary inventory.

-- A key advantage of MH2Technologies services is that customers can get much
more from their existing accounting and ERP systems. Since MH2 is an
application service provider, all of the MH2 systems integrate into existing
back office systems used by homebuilders, contractors and dealers.

-- MH2Technologies also provides other online solutions to benefit builders
such as lead generation for home sales, building products, and other valuable
home services.

About MichaelHoligan.com

MichaelHoligan.com is MH2's consumer web site. The site is the companion Internet address for the popular national television show Michael Holigan's Your New House, which began its seventh season last month. The half-hour program is seen weekly on 145 broadcast affiliates (blanketing 85% of the country). MichaelHoligan.com offers consumers comprehensive information about building, buying and remodeling houses and features, online videos, plus products and services from the nation's leading manufacturers. The site receives between 500,000 and one million unique visitors every month.

About MH2Technologies

MH2Technologies (www.MH2.com), based in Dallas, provides Internet-based job management, scheduling and materials ordering solutions. The company's strategy is to create efficiencies in highly fragmented industries through Internet applications and handheld, wireless devices. The company has found huge success in the homebuilding vertical, and has already signed and begun implementation of its systems with over 600 homebuilders, accounting for more than 160,000 annual housing starts. In addition, dealers and suppliers with combined sales of over $5 Billion have signed on to use the company's technology. MH2Technologies is a privately held company owned by Holigan Family Holdings, Ltd. and Olympus Real Estate Partners. For more information, contact Michael Holigan by telephone at 972/728-8137 or by e-mail at mholigan@mh2.com. Or contact Scott White at 972/490-0903.

About NewHomeSource.com

NewHomeSource.com is the consumer address of Builder Homesite, Inc., founded in the spring of 2000 and headquartered in Austin, Texas. Thirty-two (32) leading national homebuilders are investors in Builder Homesite and have homes listed on NewHomeSource.com: American Heritage Homes; Beazer Homes USA, Inc.; Capital Pacific Holding; Centex Corporation; D.R. Horton, Inc.; David Weekley Homes; Del Webb; The Drees Company; Gateway Homes; Hammonds Homes; Highland Homes; Hovnanian Enterprises, Inc.; John Wieland Homes; KB Home; Lennar Corporation; McGuyer Homes; M.D.C. Holdings; Medallion Homes; Morrison Homes; Neumann Homes; Orleans Homebuilders; Perry Homes; Pulte Homes; Ryan Building Group; The Ryland Group, Inc.; Schular Homes, Inc.; Signature Homes; Sivage Thomas Homes; Standard Pacific Homes; Toll Brothers; Village Homes of Colorado; and Weyerhaeuser Real Estate. Other leading homebuilders -- an additional 28 as of this writing -- are electing to join this leadership address as listing builders.