Press Release

Posted: Feb. 25th, 2009

Tom Krobot sounds very different from most builders these days, as he speaks in a voice that reveals equal parts relief and optimism.

"We are tickled pink about where we are," says Krobot, CEO of Atlanta-based Ashton Woods USA, which recently announced that it has successfully restructured notes with its lenders and bondholders, exchanging public debt for private debt and saving the company approximately $13 million annually.

The deal marks the end of months of negotiations for Ashton Woods, whose parent company, the Great Gulf Group of Canada, also agreed to invest an additional $20 million in the builder.

The company has been bucking many home building industry trends. Sales are up 30 percent on an annual basis, and expects to sell 1,100 homes this year. Cancellation rates have plummeted from 45% one year ago to roughly 20%, which is far closer to Ashton's historical levels. Capture rates for prospective buyers have soared, from 25% to 80% as sales associates have concentrated on asking for the sale.

The CEO says the company's employees deserve much of the credit for the builder's successful restructuring. "I didn't do it - they did it," Krobot says. "If they hadn't performed the way they did the past six months, I don't know if the bank would have agreed to extend the line of if the bondholders would have agreed to exchange the notes."

Ashton Woods is currently building in Dallas, Houston, Atlanta, Phoenix, Tampa and Orlando. Visit http://www.ashtonwoods.com/ for more information on locations and pricing. With historically low interest rates, competitive pricing, and the newly released First Time Homebuyer Tax Credit, now is the perfect time to buy and Ashton Woods Home!

To view complete article shown in Builder Magazine, click here.

Knock, Knock...

Knock, Knock....
....Who's There?
OPPORTUNITY!

That is right, this is the perfect opportunity to buy a new townhome in Asbury Circle!

You have heard it on the news, you have read it in the newspaper, and even your friends are telling you, IT IS THE PERFECT TIME TO BUY A HOME (especially in Asbury Circle)!

We have 4 townhomes left at the incredibly low price of $275,000! Don't miss out on your opportunity to take advantage of these prices, low interest rates, and $8,000 tax credit*!

Come by Asbury Circle and check out these 4 beautifully upgraded homes before opportunity stops knocking!

*For more information on the $8,000 tax credit please visit http://www.federalhousingtaxcredit.com/

Bzzzzz!

Come find out what all the "buzz" is about in Asbury Circle!

Here are just a few things that people are buzzing about:

• Location, Location, Location


• Incredible Prices


• Large Open Floorplans


• Beautiful Designer Finishes


• And much, much, more!

Don't miss out on our wonderful February incentives!

For more information please call me at 972-247-5560 or email me at nhartley@ashtonwoods.com.

Up to an $8,000 Tax Incentive

You can receive up to an $8,000 tax incentive from the Government just for taking advantage of todays low interest rates, and competitve pricing! That's right, the Government is offering you a home-buying incentive to help you start investing your money. Not only that, but Ashton Woods Homes is also offering interest rates at historic lows.

So, what are you waiting for?

Call today to schedule your appointment 972-247-5560!

For more information on the tax incentive please visit http://www.federalhousingtaxcredit.com/

5,4,3....

Only 4 homes left!

Our "One Home One Price Sale" has been a huge success! We announced the sale on Friday and have already sold one, and have one pending. Don't miss out on your opportunity to take advantage of these HUGE savings. The last 4 inventory homes are listed at $275,000! These homes won't last much longer so call us today to set up your appointment.

For more information you can contact me, Nikki Hartley, at 972-247-5560 or by e-mail at nhartley@ashtonwoods.com.

NOW is the time to BUY!

You won't want to miss out on these HUGE SAVINGS in Asbury Circle! All of our inventory homes have been reduced to $275,000! That is right, $275,000! So grab your check book and don't walk, RUN over to Asbury Circle before its to late. We only have 5 homes left at this price!

Not only are the prices phenomenal, but our interest rates are at an all time low!

Call or email me, Nikki Hartley, at 972-247-5560 or nhartley@ashtonwoods.com before the home of your dreams is gone!

Click on the postlets below to check out 3 of the 5 homes available:

Celebrate Valentines Day in Addison

Take your loved one to get a romantic couples massage. Addison offers many spas where you can spend an intimate afternoon with your loved one!

http://www.grandspa.com/

http://www.massagesindallas.com/

http://www.relax-heal-massage.com/

After you have spent the day relaxing, go home and clean up for a night out on the town. Take your Valentine to one of Addison's 170 Restaurants. For a complete list of restaurants please click here.

And to make your day even more unforgetable take your sweetheart to see the Metroplex from a birds eye view in a romantice 30-minute airplane flight! Can you imagine anything more romantic than sharing an evening flying above the beautifully lit skyline of Dallas? For more information please visit:

http://www.starlightflight.com/

http://www.cavanaughflightmuseum.com/

FREE 50" Plasma

Purchase one of our 3 Completed Inventory Homes in the Month of February, and Receive a

FREE 50" Plasma!

Available Homes are:

3944 Sugar Tree Way

3946 Sugar Tree Way

3948 Sugar Tree Way

For more information please click on the addresses above.

Hurry in, these homes won't last long at these new reduced prices AND a Free 50" Plasma!

*Prices and promotions subject to change without notice. Picture is not actual TV for giveaway. Please see a sales counselor for details.

Click on Image to Enlarge