HESV Home Energy Savings Corp (CE)

Home Energy Savings Corp. (PINK SHEETS: HESV), a leading provider of energy-efficient home improvement products and services, today announced that it has entered into a definitive agreement to sell Texas-based AIM American Mortgage, Inc. to X-Press America, Inc., a Florida corporation, effective December 31, 2006. "The recent acquisition of MLI Capital affords us the opportunity to consolidate the financing side of our business in one location while simultaneously obtaining value for our Texas subsidiary and improving our balance sheet,� said Bruce Edwards, Chairman and CEO of Home Energy Savings Corp. "Mortgage and lending services are a key component to the continued roll-out of our business plan and we are taking the steps necessary to offer these services to our DreamHome customers in a cost-efficient manner." Home Energy Savings Corp. has agreed to sell AIM at a purchase price of $100,000. X-Press America will also assume a convertible debt instrument estimated at $500,000 as part of the deal. Home Energy acquired AIM in December 2005 as a means to enter the mortgage and lending industry. About Home Energy Savings Corp. Home Energy Savings Corp. provides the sales, installation, and financing of energy-efficient home improvement products and services. As part of a licensing agreement with DreamHome Remodeling, Inc. and through its subsidiary DreamHome Solutions, Inc., the company markets its �DreamSeries� product line throughout the Mid-Atlantic, guaranteeing homeowners up to 40% savings on their existing home energy consumption. Through its subsidiary, MLI Capital Group, Inc., the Company also creates cross-selling opportunities by offering home owners a broad range of mortgage services and home improvement financing options. Forward-Looking Statements Any statements in this press release about future expectations, plans and prospects for the Company, including statements containing the words "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the factors discussed in our most recent Quarterly Report on Form 10-Q filed with the SEC (a copy of which may be accessed through the SEC's website at http://www.sec.gov). In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.