Comstock Alleviates Local Traffic Congestion and Rewards Commuters Through Innovative Ridesharing Network
July 26 2006 - 9:01AM
PR Newswire (US)
Leading Real Estate Developer Joins the Chevron 5,000,000 Mile
Rideshare Challenge RESTON, Va., July 26 /PRNewswire/ -- NuRide,
Inc. (http://www.nuride.com/), the nation's first incentive-based
ridesharing network, announced today that Comstock Homebuilding
Companies, Inc., (NASDAQ:CHCI) a leading real estate developer in
the Greater Washington D.C. Metropolitan Area, will sponsor
thousands of commuters who share rides resulting in 250,000 fewer
miles driven on local area roads. Participating commuters will earn
up to $1,000 toward the purchase of a new home from one of
Comstock's twelve area developments. Comstock joins a growing list
of sponsors supporting the Chevron 5,000,000 Mile Rideshare
Challenge, a regional event that brings together commuters and
corporations to alleviate traffic congestion, reduce air pollution,
and save commuters money on gas. "We were immediately attracted to
the Chevron Challenge because of the unique way that it is bringing
together organizations and commuters to improve our local
communities," said Bryan Murray, Vice President of Strategic
Planning for Comstock Homebuilding Companies, Inc. "We hope that
our sponsorship will help reduce traffic congestion and air
pollution for Comstock home buyers, for Comstock employees, and for
all of our neighbors in the Greater Washington D.C. Metropolitan
Area." "Comstock has been building incredible communities in the
D.C. region for years," said Rick Steele, Chief Executive Officer
of NuRide. "Thanks to their support, NuRiders will be able to
reward themselves for easing traffic congestion in the area by
enjoying their new Comstock homes." The Chevron 5,000,000 Mile
Rideshare Challenge was launched in Washington D.C. on February 28,
2006. The event will involve over 5,000 commuters who will share
rides resulting in 5,000,000 fewer miles driven and over 200,000
gallons of gasoline being conserved. To participate in the program,
commuters use NuRide's innovative online ridesharing program to
find other people going their way. The NuRide web site calculates
the savings for each trip and awards participants with points for
each confirmed ridesharing trip, which can then be redeemed with
participating sponsors for gift cards, gift certificates, show
tickets and various other rewards. About NuRide, Inc. NuRide was
founded on the belief that individuals who share rides provide a
valuable service to their community and should be rewarded for
their efforts. Through the patent-pending NuRide Network(R),
individuals can easily arrange ridesharing trips and earn rewards
for every confirmed trip they take. Members accumulate "NuRide
Miles" that can be used toward a variety of rewards that are made
possible through the generosity of NuRide's sponsors. For more
information, please visit http://www.nuride.com/. About Comstock
Homebuilding Companies, Inc. (NASDAQ:CHCI) Comstock is a production
homebuilder and real estate developer that develops, builds, and
markets single-family homes, townhouses, mid-rise condominiums and
high-rise condominiums. The Company currently builds in the
Southeast with concentrations in the Washington, D.C., North
Carolina, South Carolina and Atlanta, Georgia, markets. The Company
targets a diverse range of buyers, including first-time, early
move-up, secondary move-up, empty nester move-down and active adult
home buyers. For more information on Comstock Homebuilding
Companies, Inc., please visit http://www.comstockhomebuilding.com.
Contact: Guillermo Sohnlein, NuRide, (703) 652-7405 x113, Bryan
Murray, Comstock, (703) 883-1700 x217, DATASOURCE: NuRide, Inc.
CONTACT: Guillermo Sohnlein of NuRide, +1-703-652-7405 x113, ; or
Bryan Murray of Comstock, +1-703-883-1700 x217, Web site:
http://www.nuride.com/ http://www.comstockhomebuilding.com/
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