Home Energy to Sell AIM American Mortgage

Home Energy Savings Corp., a provider of home improvement products and services based in Roanoke, Va., has announced an agreement to sell Houston-based AIM American Mortgage Inc. to X-Press America Inc., effective Dec. 31, 2006.Under the agreement, X-Press America will pay $100,000 and assume a convertible debt instrument estimated at $500,000, Home Energy said. "The recent acquisition of MLI Capital affords us the opportunity to consolidate the financing side of our business in one location while simultaneously obtaining value for our Texas subsidiary and improving our balance sheet," said Bruce Edwards, chairman and chief executive officer of Home Energy. "Mortgage and lending services are a key component to the continued roll-out of our business plan, and we are taking the steps necessary to offer these services to our DreamHome customers in a cost-efficient manner." AIM American can be found online at http://www.aimamerican.com.