Comstock Homebuilding Companies Announces Departure of Jeffrey R. Dauer, Chief Financial Officer
July 22 2010 - 5:49PM
Marketwired
Comstock Homebuilding Companies, Inc. (NASDAQ: CHCI) ("Comstock" or
the "Company") today announced that Jeffrey R. Dauer, the Company's
Chief Financial Officer, has notified the Company of his intention
to resign, effective as of August 31, 2010. Mr. Dauer's resignation
is not the result of any disagreement with management or the Board.
Mr. Dauer is assisting the Company in its evaluation of potential
candidates to serve as his successor and with the transition of his
duties to a new Chief Financial Officer. Mr. Dauer is leaving to
pursue other personal and professional interests.
"During his tenure with Comstock, Jeff has managed the
accounting and reporting functions of Comstock in an exemplary
manner. As CFO, Jeff contributed significantly to the success of
our Strategic Realignment Plan and our overall efforts to stabilize
the Company and position Comstock for a return to profitability and
future growth. I am pleased to have had an opportunity to work with
Jeff and wish him well in his new pursuits. We expect to be in a
position to announce Jeff's successor in the near future," said
Christopher Clemente, Comstock's Chairman and Chief Executive
Officer.
About Comstock Homebuilding Companies, Inc.
Established in 1985, Comstock Homebuilding Companies, Inc. is a
publicly traded real estate development firm with a focus on a
variety of for-sale residential products. The company currently
actively markets its products under the Comstock Homes brand in the
Washington, D.C. metropolitan area. Comstock Homebuilding
Companies, Inc. trades on NASDAQ under the symbol CHCI. For more
information on the Company or its projects please visit
www.comstockhomebuilding.com.
Cautionary Statement Regarding Forward-Looking Statements
This release contains "forward-looking" statements that are made
pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve
known and unknown risks and uncertainties that may cause actual
future results to differ materially from those projected or
contemplated in the forward-looking statements. Additional
information concerning these and other important risks and
uncertainties can be found under the heading "Risk Factors" in the
Company's most recent Form 10-K, as filed with the Securities and
Exchange Commission on March 31, 2009. Comstock specifically
disclaims any obligation to update or revise any forward-looking
statements, whether as a result of new information, future
developments or otherwise.
Contact: Jeffrey R. Dauer Chief Financial Officer 703.883.1700
ext: 1229
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