Home Energy Savings Corp. Opens New Home Improvement Lending Subsidiary
August 02 2007 - 6:00AM
Business Wire
Home Energy Savings Corp. (PS:HESV), a leading provider of
energy-efficient home improvement products and services, today
announced the opening of a new wholly owned subsidiary, Main Street
Financial, Inc. (�MSF�). MSF will offer a full range of unsecured
home improvement financing programs to both Home Energy customers
and third party contractors. Bruce Edwards, CEO of the Company,
stated, �The financing subsidiary is a key component to our
continuing growth and the implementation of our business plan. It
allows us to expand the services offered to homeowners seeking home
improvement products through our DreamHome subsidiary while also
acting as a stand alone lender to external contractors who perform
a variety of home improvement projects not currently offered by
DreamHome.� He added that �Main Street Financial is licensed to
operate in both Maryland and Virginia and will continue to expand
to meet demand within the company�s footprint.� 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. The Company also
creates cross-selling opportunities by offering homeowners a broad
range of unsecured home improvement financing through its
subsidiary, Main Street Financial, Inc., and secured mortgage
services and programs through its subsidiary MLI Capital Group,
Inc. 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. 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.
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