LOSANI HOMES REQUALIFIED AS ONE OF CANADA'S BEST MANAGED COMPANIES

(Stoney Creek, Ontario, May 2010) – Privately held, family-run business, Losani Homes is one of the proud recipients of Canada’s 50 Best Managed Companies requalified for 2009. Established in 1993, this prize represents Canada’s most prestigious business awards program, recognizing excellence in Canadian-owned and managed companies with revenues exceeding $10 million.

The 50 Best Managed Companies awards are run and sponsored by The National Post newspaper, Queen’s School of Business, CIBC Commercial Banking and Deloitte Touche. Thousands of companies compete annually for this coveted award. The judging criteria are based on corporate excellence in categories such as finance, operations, industry leadership and human resources. The applicants had to demonstrate their company’s competitive edge, strategic planning, fiscal stability, growth potential and ability to attract and retain top talent. Losani Homes joins the ranks of companies such as Ellis Don, Harry Rosen, PCL Construction, Boston Pizza, Magnotta Wineries, Longo’s, Prime Restaurant Group, The Brick, M&M Meats and Cirque Du Soleil as innovative, industry leaders with solid financial acumen and strategic vision.

“We are honoured to be acknowledged for excellence in business and management leadership,” reports Fred Losani, C.E.O. of Losani Homes. “We are the only Ontario home builder to ever receive this award. This award truly is the fruition of the strong vision and corporate philosophy that our family has upheld for over 35 years. We strive for excellence at every
level. In fact, our company’s motto is: Losani Homes - A Tradition of
Excellence,” adds Mr. Losani. “The quest for excellence infuses everything we do. Losani Homes prides itself on astute land acquisitions, exceptionally well-designed lifestyle homes, old-world craftsmanship, artisan trades, superior customer service and financial stability.”

“This award is to be shared with our employees, suppliers and even homeowners. Our ability to set goals and achieve them is the result of a dedicated team of professionals who uphold our corporate mandate of excellence - whether they are working in the office or on the job-site,” adds Lino Losani, President of Losani Homes.

For over 35 years, Losani Homes has been active in the low-rise, new homebuilding industry in South Western Ontario with a strong foothold in the Hamilton, Stoney Creek and Niagara regions. A second generation, family runs business; Losani Homes continues to grow as the regions most top-of-mind new homebuilder.

Always lauded for its superior craftsmanship, design innovation and quality master planned residential communities; its homebuilding peers continually acknowledge Losani Homes as an industry leader. Losani Homes continues to build a strong presence in the new home marketplace through strong branding and superior referral and repeat buyer markets.

To date, Losani Homes has been the recipient of 75+ home designs and sales and marketing awards locally, provincially and even nationally. Losani Homes has also been awarded many times the top honours at Hamilton Halton Homebuilders’ Associations for Community of the Year, most recently in 2006 and 2007.

2010 promises to be another banner year as Losani Homes continues to expand its markets and sales presence in the Golden Horseshoe.

The recent, highly anticipated Doon Creek Opening was a huge success, selling over one third over opening weekend. Both the local neighborhood and families seek to relocate in Kitchener’s most sought after community.

Losani Homes is also currently offering townhomes at Westbrook Estates, along with single-detached homes. The towns are the first release of homes at Westbrook, which is proving to be a popular community for those with young families.


Sidebar info:
For interviews please contact Fred Losani at 905.561.1700
For more details on these or any Losani communities or visit www.losanihomes.com