HOMEX Applauds FOVISSSTE's New Factoring Program with NAFIN

October 1, 2009 2:54 PM EDT

CULIACAN, Mexico, Oct. 1 /PRNewswire-FirstCall/ -- Desarrolladora Homex, S.A.B. de C.V. ("Homex" or "the Company") (NYSE: HXM, BMV: HOMEX), a leading home developer in Mexico, today acknowledged FOVISSSTE's management team for the recent implementation of its factoring program with Mexico's National Development Bank (NAFIN) as an effective and pioneering initiative, reflective of the Institute's commitment to homebuilding development in the country, and one that will help provide for a welcomed, more expeditious payment process for homebuilders.

In announcing the Company's first collections of homes under FOVISSSTE's new factoring program, Carlos Moctezuma, Chief Financial Officer of Homex, noted: "Homex is among the first home developers in the country to benefit from participation in this program. We will continue to work closely with FOVISSSTE and leverage our use of the program, which will help us realize important efficiencies in our collection process."

About Homex

Desarrolladora Homex, S.A.B. de C.V. (NYSE: HXM, BMV: HOMEX) is a leading, vertically integrated home development company focused on affordable entry-level and middle-income housing in Mexico. It is one of the most geographically diverse homebuilders in the country. Homex has a leading position in the top four markets in Mexico and is the largest home builder in Mexico, based on revenues, number of homes sold and net income.

For additional corporate information, please visit the Company's web site at: www.homex.com.mx

    Investor Contacts
    investor.relations@homex.com.mx

    Vania Fueyo
    Investor Relations Officer
    +5266-7759-5838
    vfueyo@homex.com.mx

SOURCE Desarrolladora Homex, S.A.B. de C.V.

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