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Article: TOUSA Revises Operational Plan.
- Article from:
- Science Letter
- Article date:
- April 7, 2009
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TOUSA, Inc. (OTC Pink Sheets: TOUSQ) -- TOUSA, Inc. announced that, due to the severe economic environment, the Company is suspending efforts to generate new build-to-order sales. TOUSA's primary focus is now on completing and closing homes currently under construction, selling its remaining inventory of spec homes, and monetizing its land assets over time. The Company will continue to market and solicit offers for its assets during this process (see also TOUSA, Inc.).
Additionally, TOUSA is in discussions with various parties regarding a sale of its financial services businesses Universal Land Title, Inc., Preferred Home Mortgage Company, and Alliance Insurance ...