American Company to Build Planned Gated and Integrated Housing Community in Liberia

American Company to Build Planned Gated and Integrated Housing Community in
Liberia

MONROVIA, Liberia, June 29 /PRNewswire/ -- Global Building Solutions (Liberia)
Limited, a wholly owned subsidiary of Global Building Solutions (GBS) of
Charleston, South Carolina, is embarking on a major housing development
project in post-conflict Liberia. In a direct response to the call of Her
Excellency, President Ellen Johnson Sirleaf, for Liberians in the Diaspora to
return home and help in the rebuilding of Liberia, GBS is addressing one of
the many challenges faced by those who seek to return home -- the need for
quality and modern living facilities since much of Liberia's housing was
destroyed or is dilapidated. By designing, developing and constructing
planned housing communities, with modern facilities and amenities, GBS intends
to help Liberia re-attract much of Liberia's middle-class and intellectual
capital that fled Liberia during its decade and a half of intermittent civil
wars.

For the first planned housing community, GBS is partnering with highly
esteemed real estate developer, Ben M. Gramling, III to build Harmony View, a
large tract property nestled in an area with a beautiful view of the water, in
a suburb right outside of Monrovia. The gated community when completed will
have magnificent water views, with modern single family homes, shared
recreational amenities, onsite property management company, and as the
community grows a small convenient shop, paved access roads, running water and
electricity, and 24-hour security.

GBS launched a website (www.liberianhomes.com) to provide information
including designs and floor plans, and available financing options. The
company is in active discussions with selected local banks in Liberia to act
as lender-partners for homebuyers and is working out all the modalities. In
addition, other external sources of capital for short to medium term financing
are being explored. "We are extremely excited about this venture, and truly
believe that we are doing the right thing for Liberia and for our business
success. We believe that the market for quality and high standard housing in
Liberia is real and we expect a great response to our product offering,
especially from those Liberians living in the United States. As investors, we
have a very positive outlook for the future of Liberia and intend to see it
through," said Michael P. Murphy, Executive Vice President of GBS.

GBS recently completed the construction of The RLJ Kendeja Resort Hotel, a
four star resort and first of its kind for Liberia. GBS was asked by Mr.
Robert L. Johnson, Founder of The RLJ Group of Companies to build the villa
type style resort hotel in Liberia. The hotel officially opened in June of
this year, but also hosted guests of the International Women's Colloquium held
in Liberia this past March. The company currently has a team of both
expatriate and Liberian expertise in building and construction and has trained
and employed over 300 Liberian tradesmen and women to work on its projects.
GBS, in conjunction with its affiliates, has been involved in over $5 billion
worth of residential and commercial construction projects around the world in
partnership with other builders, architects, designers and developers. The
company also has an active presence in Gabon, West Africa and has entered into
agreement with the Government of that country to build housing.

Media Contact: Kelly Seger, Charleston, SC, +1-843-723-6262; or Thomas
Jeffrey, Monrovia, Liberia, +231-6-533-499

SOURCE Global Building Solutions

Kelly Seger, Charleston, SC, +1-843-723-6262; or Thomas Jeffrey, Monrovia,
Liberia, +231-6-533-499