Comstock will be offering 2,255,000 shares of common stock and certain
selling stockholders (as identified in the prospectus) will be offering an
additional 575,000 shares of common stock. In addition, certain selling
stockholders will grant the underwriters an option to purchase up to
424,500 additional shares to cover over-allotments, if any.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This press release
shall not constitute an offer to sell or a solicitation of an offer to buy,
nor shall there be a sale of these securities, in any state or other
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state
or jurisdiction.
When available, copies of the prospectus relating to the offering may be
obtained from Banc of America Securities LLC, Attn: Prospectus Department, 100
West 33rd Street, New York, NY 10001 or via e-mail at
dl-prospectusdistribution@bofasecurities.com.
About Comstock Homebuilding Companies, Inc.
Comstock is a production homebuilder that develops, builds, and markets
single-family homes, townhouses, and condominiums. Comstock currently operates
in the Washington, D.C. and Raleigh, North Carolina markets where it targets a
diverse range of buyers, including first-time, early move-up, secondary
move-up, empty nester move-down and active adult home buyers. For more
information on Comstock, please visit http://www.comstockhomebuilding.com .
SOURCE Comstock Homebuilding Companies, Inc.
CONTACT: Investor Relations: Bruce J. Labovitz of Comstock Homebuilding
Companies, Inc., Chief Financial Officer, +1-703-883-1700 ext. 131,
bruce.labovitz@comstockcompanies.com; Media: Al Black of Qorvis
Communications, +1-703-784-7833, ablack@qorvis.com