HomeImprovementExpo.com Signs $20M Singapore Funding

* Reuters is not responsible for the content in this press release.

Tue Jul 7, 2009 7:45am EDT

LYNBROOK, N.Y., July 7 /PRNewswire/ -- While the construction industry
languishes in hopes of recovery, one Long Island-based contractors' lead
generating service is staging for a significant makeover.
HomeImprovementExpo.com (HIE), a division of Contractor Services Network LLC,
announced it has signed a $20 million dollar funding agreement with
Singapore-based private investor Solvators Inc. 

HIE President and CEO Avi Klinger said, "The aim is to create a joint venture
with Solvators to expand our efforts in bringing first-rate contractors
together with homeowners seeking superior service."  

In 2007, Klinger designed a specialized web portal to provide licensed
contractors with high-quality, exclusive referrals. Klinger explains, "Other
services may sell a lead several times over. It's frustrating for the
contractor and homeowner alike. Our leads are restricted to one designated
contractor, who controls the area in which they originate. Many of our
contractors report closing HomeImprovementExpo.com referrals at considerably
higher rates than those of our competitors."

Asked about the timing, when so much construction has slowed or halted,
Klinger said, "People will continue to repair and improve their homes. There
will always be immediate needs for contractors' services." 

One anticipated benefit of the partnership is the creation of more than 80 new
local jobs over the next two years as well as operational expansion into
several new regions.  

Commenting on the investment motivation, Victor Gaughan, President of
Solvators Inc., said, "HomeImprovementExpo.com is a model that can be adapted
to other complementary verticals. This is one of several projects Solvators is
working on this year in North America. The company is positioning to be in
place as the building market rebounds." 

About Home Improvement Expo: 

http://www.HomeImprovementExpo.com, headquartered in Lynbrook, NY, has been
recommending certified local contractors to consumers since 2007. Home
Improvement Expo's free web service quickly connects homeowners to licensed
and insured contractors who are able to meet their precise home improvement
needs. HomeImprovementExpo.com is a division of Contractor Services Network,
LLC, a full service portal for contractors.

    For PR Enquiries:

    Matt Hansman
    Contractor Services Network, LLC
    303 Merrick Road, Suite 402
    Lynbrook, New York 11563
    Tel: 1-516-945-6202
    mhansman@homeimprovementexpo.com

    MG Sanders
    EMS Capital Resources Ltd Pte, Singapore
    Tel: (USA line) 1-347-219-4045
    ems.capital.resources@gmail.com



This release was issued through eReleases(TM).  For more information, visit
http://www.ereleases.com.



SOURCE  HomeImprovementExpo.com

Matt Hansman of Contractor Services Network, LLC, +1-516-945-6202,
mhansman@homeimprovementexpo.com; or MG Sanders of EMS Capital Resources Ltd
Pte, Singapore, +1-347-219-4045, ems.capital.resources@gmail.com
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.