AUSTIN, Texas, January. 03, 2008 ( BUSINESS WIRE) — Forestar material Estate Group Inc. ( NYSE:FOR) today announces Development to this W. Glenn Cornell, former representative of the Georgia department of the economic, Forestar group of real estates connected, like its older vice President of the economic Development in Georgia. In this position it economic initiatives development will direct Forestars national, as well as collecting main with different government affairs. Mr. Cornell is A behind president the Georgia economic developer connection, and is in the southern industriellen Development advice and in the American economic Development advice actively. It is A behind presiding the economic developers Roundtable, the economic Development advice of the Georgia Chamber of Commerce and the pupil of the guidance Georgia. Its korporatives, academic and community board appointments include behind the Atlanta athletic Club, behind presiding Board the directors von Gemeinschaften in the schools of Georgia, behind president the Georgia condition gulf connection, more member the Georgia Chamber of Commerce Board the directors, president behind presiding Kueken fil Kueken-fil-Ein Bowl and current presiding Berry College Board the manager. If it die announcement forms, gets Tom Etheredge, Executivvize President Forestar group of real estates, said, “Glenn more, than 40 years National business and economic development experience, guidance positions in the government, which Kw_banking and real estates We believe including that its singular qualifications in the execution of strategy support Forestars, long-term shareholder value to maximize and grow.” Over Forestar material Estate Group Forestar functions material to Estate Group Inc. in two business the segments: Real estates and nature resources. The real estate segment possesses directly or by ventures approximately 374,000 mornings of real estates convenient into the nine states and in twelve markets in US. The real estate segment has 24 real estate projects to represent approximately 27,000 mornings at present into the designation process and 75 active development projects seven inside die states and 11 markets, surrounded die approximately 17,000 mornings, contained by approximately 30,000 living lots and by 1.900 commercial mornings. The nature resource segment handhas approximately 622,000 net mornings oil and interests of gas mineral, sold wood fiber of its country, that mainly is convenient in Georgia and rents country for relaxing use. Address Forestars on World Wide net is www.forestargroup.com. The forward looking of the statements This release contains “the forward looking of of statements” within the meaning of the federal collateral of laws. These statements communicate current opinions of the management with respect to future cases and are subject to risk, and uncertainties We note, which would know a multiplicity of factors and of uncertainties cause our actual results to more differ substantial of the results, die in the forwardlooking statements were discussed. Factors and uncertainties, die cause such differences include could, but are not not limited: general economic, market or business conditions; die opportunities (or lack of it) die may us you are represented and the die may we ausue ben; Fluctuations in the costs and expenses, die development costs including are; Demand for new Gehae use, including effects of the mortgage credit note usefulness; long-winded and uncertain designation processes; cyclicality our the business; Accuracy of the bookkeeping acceptance; competitive activities by other companies; Changes in the laws or in the regulations; and other factors, of which many are beyond our control. Excluded as of law demanded disclaim we expressly each possible obligation to be improved any forwardlooking statements publicly be contained die in this news the release, in order to reflect the occurrence from cases to, after the date of this news release. SOURCE: Forestar material Estate Group Inc. Forestar real estates Group Inc., Austin Chris L Nines, copyright 512-433-5210 Business Wire 2008
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