| **Press Release
Source:      Hesperia Holding, Inc.** 

Hesperia Holding, Inc.Moving Forward

Monday May 24, 6:30am ET

 

HESPERIA, Calif., May24 /PRNewswire-FirstCall/ -- HESPERIA HOLDING, INC. (OTC Bulletin Board: HSPR - News) announced today that the Company is moving forward with its Pahrump,Nevada operations. Operating under its wholly owned subsidiary, Pahrump ValleyTruss, Inc., the Nevada operation is expected to be revenue producing by the endof May and at full production by mid-June. With full production, the Nevadafacility is expected to add an additional $2.5 million in sales (a 31% increase)to HSPR's reported revenues.

 

In addition to servingits existing and new customer base in Southern Nevada more effectively byoperating locally in Nevada; HSPR will enjoy an 83% saving in workerscompensation insurance with its Nevada labor force. Last year, HSPR paid inexcess of $500,000 in workers compensation insurance from its Californiafacility.

 

Per Fred Smith, VP-Investor Relations, "With the elimination of the'across state'deliveries of our Nevada customers, significant reduction in workerscompensation insurance and an expected lower core labor cost in Pahrump, ourexpectations for Pahrump Valley Truss are high."

 

Additionally, per Smith"By focusing on the bottom line as we grow Hesperia Holding into the majorregional custom truss provider for the Southwestern United States; we arecreating a solid long term growth potential for our stockholders with bottomline accountability and rapid and continued growth."

 

Forward-LookingStatements: The statements in this press release regarding the Company, therevenues of the new Pahrump facility, anticipated impact of the Pahrump facilityon the Company's financial statements, actual workers compensation savings, theCompany's business strategy, future opportunities, or any other statements,which are not historical facts, are forward-looking statements. Such statementsinvolve risks and uncertainties, including, but not limited to, any perceived oractual benefits of establishing the new Pahrump, NV operation, the impact of thenew facility to increase bottom-line earnings, the market acceptance and amountof sales derived from the Company's operations, the competitive environmentwithin the construction and truss industry, future financial and operationalresults, general economic conditions, and the ability to manage and continuegrowth. Should one or more of these risks or uncertainties materialize, orshould underlying assumptions prove incorrect, actual outcomes may varymaterially from those indicated. We undertake no obligation to revise or updatesuch statements to reflect current events or circumstances after the date hereofor to reflect the occurrence of unanticipated events.

 

For furtherinformation, please contact: Investor Relations, Fred Smith of Hesperia Holding,Inc., +1-760-947-1378.

 

Source: HesperiaHolding, Inc**** |
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