LYNBROOK, N.Y., July 7, 2009 — 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:
, 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
MG Sanders
EMS Capital Resources Ltd Pte, Singapore
Tel: (USA line) 1-347-219-4045
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