HONG KONG, March 24, 2010 (GLOBE NEWSWIRE) -- Energy-efficient, intelligent building controls from Home Touch Limited (OTCBB:HMTO) will be exclusively featured in the first of four houses within Hong Kong's premier Headland Road Project, on the island's southern coast overlooking Repulse Bay. The homes are offered by Henderson Land Development Company.
The 11,000 sq. ft. luxury Show House is near completion and will be priced at around $64 million USD ($500 million Hong Kong Dollars). Completion of all four homes is highly anticipated by the luxury real estate market.
Home Touch's green, intelligent design system efficiently controls multiple home functions – everything from lighting and temperature control, to security and entertainment systems – all integrated under the Home Touch Green and Intelligent Building System. Additional intelligent design features include European Industry Bus system, video door phone and intercom, multiple Wi-Fi networks + home control and remote site access.
The Home Touch contract for system design and installation, valued at around $100,000 USD ($800,000 HKD), is due for completion in May, 2010.
"We are very pleased to be the exclusive provider of the Green Concept Home Automation System for this very high-profile project," says Mr. Ng Tze Lung David Gunawan, Home Touch President and CEO.
"This is a further validation of the design and scalability of our precision eco-friendly Smart Home System which can be specifically customized to meet our client's highest expectations," Mr. Ng said.
For more information about Home Touch's Smart Home Systems, visit www.hometouch.asia.
About Home Touch
Headquartered in Hong Kong and founded in 2004, the company is a leading developer of environmentally intelligent design solutions throughout the Asia Pacific region. Home Touch's green, energy-efficient systems streamline building functions, including temperature control, lighting, security, keyless entry, media and communications. Home Touch Limited was named winner of the prestigious Hong Kong Information and Communications Technology Award for 2007.
FORWARD LOOKING STATEMENTS
This release contains certain "forward-looking statements" relating to the business of Home Touch Holding Company and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, concentration in a single customer, raw material costs, market acceptance, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. Home Touch Holding Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
For more information, please contact:
COMPANY
703, Liven House
King Yip Street
Kwun Tong, HONG KONG
+852-2111-0121
hongkong@hometouch.asia
http://www.hometouch.asia