BMHC Building Materials

Company Creates New Service Segment for Residential Construction Industry Addresses Unique Needs of High-Volume Production Homebuilders SAN FRANCISCO, PCBC booth #7315, June 21 /PRNewswire-FirstCall/ -- Building Materials Holding Corporation (NASDAQ:BMHC), a leading provider of construction services and building materials to professional residential builders and contractors, today announced the launch of SelectBuild Construction, Inc., as successor to BMC Construction. SelectBuild combines the local expertise and successful track record of the industry's leading contractors with the national strength and vision of a multi-billion dollar company, to create a single integrated construction services company focused on the unique needs of high-volume production homebuilders. Beginning in 1999, BMC Construction has carefully chosen the industry's leading trade partners, serving clients in key markets in Arizona, California, Delaware, Florida, Illinois, Maryland, Nevada and Virginia. Now, the building blocks for this business are assembled, and the company is ready to unite under one business model and become SelectBuild. "We visualized a world-class residential construction management company serving high-volume production homebuilders, and over the last several years, beginning with our initial investment in Knipp Brothers Industries, have carefully selected the industry's best trade partners to realize that vision," said SelectBuild President and CEO Michael Mahre. "Today, our family of companies will formally come together as SelectBuild, one company with one mission: to help our customers build the highest quality homes using the most efficient process." The Homebuilder Challenge and the SelectBuild Solution In today's industry environment, high-volume production homebuilders are faced with many production challenges, including managing dozens of trade partners and thousands of material items while trying to minimize schedule slippages, contain costs, limit waste, control quality and mitigate product and labor risks. With professional project management, trade integration and process innovation, SelectBuild is creating a new service segment of the industry, providing: -- a convenient, single point of contact for multiple trades and supply chain activities -- efficient operations management -- best-in-class quality control -- comprehensive risk management -- superior customer service Delivering on this promise will result in improved builder efficiency and increased product quality -- major elements that affect every homebuilder's customer satisfaction ratings and profit. SelectBuild's integrated services include:* -- project estimating -- structural engineering -- materials procurement and handling -- component manufacturing -- shell construction -- rough framing assembly -- millwork installation -- lumber distribution -- plumbing installation -- windows installation -- HVAC installation -- stucco, lath and plaster installation -- residential concrete foundation systems * not all services are currently available in all markets SelectBuild combines the jobsite experience of companies trusted in the industry for years, including KBI Construction, KBI Mechanical, KBI Stucco, KBI Norcal, Total Concrete, WBC Construction, WBC Mid-Atlantic, RCI Construction, Riggs Plumbing, A-1 Building Components, BBP Companies, Campbell Companies, HnR Framing Systems, Home Building Components, TWF Construction, MWB Building Contractors and Boulders West Components. This powerful combination is creating an integrated solution leading to higher-quality homes, more efficient construction and reduced homebuilder risk. "To accomplish our mission, SelectBuild's strategy is to continue to integrate construction trades and supply chain activities, employ the most innovative, passionate and highest-integrity people in the industry and focus all of its resources on meeting the construction needs of a single type of customer: high-volume production homebuilders," said Mahre. About SelectBuild SelectBuild, a wholly owned subsidiary of Building Materials Holding Corporation, currently serves 19 of the 25 largest homebuilders in the United States, employs more than 19,000 people and is engaged in construction on more than 70,000 residential units per year, currently generating revenue on a current annualized run rate approaching $2 billion. SelectBuild's mission is to construct the highest quality homes using the most efficient process. By integrating select trades and supply chain activities, builder efficiency and product quality are optimized, and a new service segment of the industry is created. SelectBuild's services are comprehensive, providing a single point of contact for its homebuilder clients, while highlighting operational efficiency, quality control, risk management and superior customer service. To learn more about SelectBuild, visit our website at http://www.selectbuild.com/. About BMHC BMHC, a Fortune 1000 company, is one of the largest providers of residential construction services and building materials in the United States. We serve the homebuilding industry through two subsidiaries: SelectBuild provides construction services to high-volume production homebuilders in key growth markets across the country; BMC West distributes building materials and manufactures building components for professional builders and contractors in the western and southern states. BMHC was recently named to the Forbes Platinum 400, also known as America's Best Big Companies, and was selected Pro Dealer of the Year by Home Channel News. To learn more about BMHC, visit our website at http://www.bmhc.com/. BUSINESS RISKS AND FORWARD-LOOKING STATEMENTS There are a number of business risks and uncertainties that affect our operations and therefore could cause future results to differ from past performance or expected results. Additional information regarding business risks and uncertainties is contained in Item 1A of our most recent Form 10-K. These risks and uncertainties may include, however are not limited to: -- demand for homebuilding which is influenced by changes in the overall condition of the U.S. economy, including interest rates, job formation, consumer confidence and other important factors; -- numerous other matters of a local and regional scale, including those of a political, economic, business, competitive or regulatory nature; -- changes in our business model; -- integration of acquired businesses may not result in anticipated cost savings and revenue synergies being fully realized or may take longer to realize than expected; -- our ability to identify suitable acquisition candidates; -- availability of and our ability to attract, train and retain qualified individuals; -- implementation of cost structures that align with revenue growth; -- changes in the business models of our customers; -- fluctuations in our costs and availability of sourcing channels for commodity wood products, concrete, steel and other building materials; -- intense competition; -- weather conditions, including natural catastrophic events; -- construction defect and product liability claims as well as other legal proceedings; -- disruptions in our information systems; and -- actual and perceived vulnerabilities as a result of terrorist activities and armed conflict. Risks related to our shares include, however are not limited to: -- share price fluctuations; and -- potential share price limitations due to anti-takeover defenses in our governing documents and certain provisions under Delaware law. Certain statements made in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical or current facts, including statements about our expectations, anticipated financial results and future business prospects are forward-looking statements. While these statements represent our current judgment on what the future may hold and we believe these judgments are reasonable, these statements involve risks and uncertainties that could cause our actual results to differ materially from those in forward-looking statements. These factors include, however are not limited to the risks and uncertainties cited in the above paragraph. Undue reliance should not be placed on such forward-looking statements, as such statements speak only as of the date of this news release. We undertake no obligation to update forward-looking statements. DATASOURCE: Building Materials Holding Corporation CONTACT: Mark Kailer, Vice President, Treasurer and Investor Relations Officer, of Building Materials Holding Corporation, +1-415-627-9100; or Maureen O'Shay of Shennum Green, Inc., +1-925-461-6275, or mobile, +1-850-321-6119, or , for Building Materials Holding Corporation Web site: http://www.bmhc.com/ http://www.selectbuild.com/

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