FOR IMMEDIATE RELEASE October 22, 2007

San Diego , CA —Quality Built®, the country’s largest third-party risk management firm, has honored Olson Homes, a nationally recognized developer of unique residential communities throughout California, with this year’s Vanguard Award for Quality Assurance.

Recipients of the Vanguard Award are determined by nominations from Quality Built’s field representatives and coordinators, who document excellent practices throughout the building industry in all regions of the United States. Olson Homes was recognized among 2,000 builders in 28 states for its dedication to the improvement of home building in the following areas:

• Meeting all of Quality Built’s quality assurance and risk management standards.
• Staying on the cutting edge of home development and construction leadership.
• Maintaining an ongoing commitment to using the highest quality materials in the construction of attached and detached homes.
• Use of quality assurance inspection and testing on every new home project.
• Dedication to quality through consistent and progressive internal control measures, including implementation of quality training within the company.

“Olson Homes is a great example of how to take the homebuilding industry to the next level by delivering homes that are safe, comfortable and durable, said Stan Luhr, CEO and founder of Quality Built. “This award is given each year to only one company, and is selected by our people in the trenches who really know builders.” Luhr noted that the homebuilding industry has taken significant strides in advancing the science of quality and process into an area where few builders had such experience.

He added, “I am very proud of Olson’s commitment to deliver excellence, and to constantly push the envelope and break through old fashioned barriers to quality.” Luhr’s firm has achieved nationwide notoriety and international attention for its training and software specifically tailored for production homebuilders and developers.

One of seven “Deadly Sins” of construction often touted by Quality Built is Builder Knowledge. Luhr believes builders should be the master of their domain, instead of relying solely upon their specialty trade partners for the knowledge of every component installed in a home. Olson Homes received high marks for their internal development of a unique in-house technical training program they call “Olson University”, where all company processes and training are derived. The other metrics Quality Built pushes for include Design, Communication, Process, Customer Service, Claims and Data. Luhr recognizes builders who can demonstrate proficiency in their processes in each of these categories.

“We take our responsibility to our homeowners and their communities very seriously,” said Tony Pauker, regional president of Olson Homes in San Diego. “We have a ‘no construction litigation’ record at our properties and this award further exemplifies our commitment to building the best new home product from start to finish.”

Current Olson Home communities now selling throughout San Diego include: “Santa Fe Walk” in Vista, “Legacy Walk” in Southcrest and “Paradise Walk” in National City. Planned Olson developments are “Liberty Walk” near Camp Pendleton in Oceanside and “Bay Vista Walk” in Chula Vista.

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About Olson Homes
Olson Homes (www.olsonhomes.com) is a recognized metropolitan builder with properties throughout California, winning many awards including being named America’s Builder of the Year in 2000 by Builder Magazine. Since 1988, Olson Homes has transformed “in-town locations” into a variety of attainably priced homes, including live/work, transit-oriented developments, lofts, brownstones, single-family homes and homes with historic architecture. Olson Homes is based in Seal Beach.

About Quality Built
Quality Built® is the largest provider of quality assurance services in the nation, operating in 28 states and serving over 170,000 units in production. More than 2,000 builders, including 17 of the 20 largest homebuilders, have relied on Quality Built for reducing construction risk. In 2006, Quality Built consultants gathered 12 million quality checkpoints and 2.27 million digital photos on 75,359 new homes. Quality Built has received publication of three U.S. patents on its processes and achieved ISO 9001:2000 registration in February—the first of its kind in the U.S. for such a firm. More information may be obtained at www.qualitybuilt.com.

For further information, please contact:
Marketing Department…….......Tel:  800-547-5125..................Email:   marketing@qualitybuilt.com