TOA Tousa

Technical Olympic USA, Inc. (NYSE:TOA) announced today that it will hold a conference call and web cast on Tuesday, August 8, 2006, at 11:00 a.m. Eastern Time to discuss financial results for the three and six months ended June 30, 2006. TOUSA will issue its earnings press release after the market close on Monday, August 7, 2006, for the quarter ended June 30, 2006. Dial-In Information Please dial 866-831-6267 (domestic) or 617-213-8857 (international) and use the pass code 66393029. Participants must dial in 5 to 10 minutes prior to the scheduled start time for registration. Web Cast Information This call is being web cast by CCBN and can be accessed through TOUSA's web site at www.tousa.com. Please allow 15 minutes prior to the call to download and install any necessary audio software. Replay: If you are unable to participate on the call, a replay will be available starting at 2:00 p.m. Eastern Time on August 8 and will run through 12:00 a.m. Eastern Time on August 22. The replay telephone numbers are 888-286-8010 (domestic) and 617-801-6888 (international) and the code is 89635321. About Technical Olympic USA, Inc. Technical Olympic USA, Inc. ("TOUSA") is a leading homebuilder in the United States, operating in various metropolitan markets in 10 states located in four major geographic regions: Florida, the Mid-Atlantic, Texas, and the West. TOUSA designs, builds, and markets high-quality detached single-family residences, town homes, and condominiums to a diverse group of homebuyers, such as "first-time" homebuyers, "move-up" homebuyers, homebuyers who are relocating to a new city or state, buyers of second or vacation homes, active-adult homebuyers, and homebuyers with grown children who want a smaller home ("empty-nesters"). It also provides financial services to its homebuyers and to others through its subsidiaries, Preferred Home Mortgage Company and Universal Land Title, Inc. For more information on TOUSA, please visit our website at www.tousa.com. This press release may contain forward-looking statements. The Company wishes to caution readers that certain important factors may have affected and could in the future affect the Company's actual results and could cause the Company's actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company. This press release is qualified in its entirety by cautionary statements and risk factor disclosure contained in the Company's Securities and Exchange Commission filings, including the Company's report on Form 10-K for the year ended December 31, 2005, filed with the Commission on March 10, 2006.