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Standard Pacific Corp. Enters San Antonio Market
IRVINE, Calif., March 7, 2005 - Stephen J. Scarborough, Chairman and Chief
Executive Officer of Standard Pacific Corp. (SPF), announced the Company's
expansion into the San Antonio, Texas market. David Matlock has joined
Standard Pacific as President of its new San Antonio division. Mr. Matlock
has 13 years of experience in the homebuilding industry, eleven of which are
in the San Antonio market, and has managed divisions for some of the largest
homebuilders in the Texas marketplace.
Kathleen R. Wade, Standard Pacific's Southwestern Regional President,
commented, "We are excited to be entering San Antonio with David's
tremendous experience in this market. San Antonio is currently posting
healthy and accelerating economic growth and is supporting a housing market
that is generating in excess of 10,000 new starts a year."
Standard Pacific, one of the nation's largest homebuilders, has built homes
for more than 72,000 families during its 39-year history. The Company
constructs homes within a wide range of price and size targeting a broad
range of homebuyers. Standard Pacific operates in some of the strongest
housing markets in the country with operations in major metropolitan areas
in California, Texas, Arizona, Colorado, Florida and the Carolinas. The
Company provides mortgage financing and title services to its homebuyers
through its subsidiaries and joint ventures, Family Lending Services, WRT
Financial, Westfield Home Mortgage, Universal Land Title of South Florida
and SPH Title. For more information about the Company and its new home
developments, please visit our website at:
www.standardpacifichomes.com.
This news release contains forward-looking statements.
Such statements involve known and unknown risks, uncertainties, assumptions
and other factors that may cause actual results to differ materially from
those that may be described or implied. Such factors include but are not
limited to: local and general economic and market conditions, including
consumer confidence, employment rates and interest rates. For a discussion
of certain of the risks, uncertainties and other factors affecting the
statements contained in this news release, see the Company's most recent
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
SOURCE Standard Pacific Corp
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