Friday, May 30, 2003

KB Home celebrating opening with coloring contest for kids

KB Home, formerly Colony Homes, the Atlanta area's second largest homebuilder, has made homeownership a reality for over 300,000 people and is celebrating its entry into the Atlanta market by sponsoring a coloring contest through which children can express what "home" means to them.

The contest began last week as part of the celebration of the company's name change from Colony Homes to KB Home.

The contest ends June 30 and winners will be announced the week of July 7.

The company's "Building Happy Homes" coloring contest will encourage children throughout the metro Atlanta area to illustrate their dream homes with original drawings. Entry forms are available at the ten KB Home sales offices throughout the Atlanta area. Complete information, rules and locations of all KB Home communities are available at www.kbhome.com.

"Now that Colony Homes is KB Home we think this is a fun way to celebrate the importance of home and give children a chance to win prizes," said Greg Bennett, executive vice president, KB Home Atlanta division.

The contest is open to children throughout the metropolitan Atlanta area: including where KB Home builds, Cherokee, Cobb, Douglas, Forsyth, Fulton, Gwinnett, Paulding, and Rockdale counties. Judging categories are five and under, and ages 6-10.

The winners in each age range from each community will receive a Toys-R-Us' gift card valued at $25. The grand prize winner from each age range will receive, in addition to the community prize, an additional $25 Toys-R-Us gift card, a $100 U. S. Savings Bond and a $100 donation for their school or favorite children's charity.

Copies of the winning pictures will be sent to local newspapers, posted on KB Home's Web site and displayed in sales offices in the metropolitan Atlanta area KB Home communities.

KB Home is one of America's largest homebuilders with domestic operating divisions in some of the fastest-growing areas of the country including Arizona, California, Colorado, Florida, Georgia, Nevada, New Mexico, North Carolina and Texas. Kaufman & Broad S.A., the company's majority-owned subsidiary, is one of the largest homebuilders in France.

In fiscal 2002, the company delivered 25,565 homes in the United States and France. It also operates KB Home Mortgage Company, a full-service mortgage company for the convenience of its buyers.

Founded in 1957, KB Home is a Fortune 500 company listed on the New York Stock Exchange under the ticker symbol "KBH." For more information about any of KB Home's new home communities, call 1-888-KB-HOMES or visit the Company's Web site at www.kbhome.com.