Forestar Group Inc. (NYSE: FOR) will release its results for first
quarter 2009 on May 6, before the market opens.
The company will host a conference call on May 6, 2009 at 10:00 a.m. ET
to discuss results of first quarter 2009.
To access the conference call, listeners calling from North America
should dial 1-866-730-5762 at least 15 minutes prior to the start of the
call. Those wishing to access the call from outside North America should
dial 1-857-350-1586. The passcode is Forestar. Replays of the call will
be available for two weeks following the completion of the live call and
can be accessed at 1-888-286-8010 in North America and at 1-617-801-6888
outside North America. The passcode for the replay is 58752126.
The conference call may also be accessed through Forestar Group’s
Internet site, www.forestargroup.com,
by clicking on "Investor Relations – Investor Events."
About Forestar Group
Forestar Group Inc. operates in three business segments: real estate,
mineral resources and fiber resources. The real estate segment owns
directly or through ventures over 365,000 acres of real estate located
in ten states and thirteen markets in the U.S. The real estate segment
has 25 real estate projects representing almost 34,000 acres currently
in the entitlement process, and 78 entitled, developed and under
development projects in eight states and twelve markets encompassing
over 17,000 acres, comprised of almost 30,000 residential lots and over
2,200 commercial acres. The mineral resources segment manages about
622,000 net acres of oil and gas mineral interests. The fiber resources
segment sells wood fiber from its land primarily located in Georgia, and
leases land for recreational uses. The company also has a 45%
nonparticipating royalty interest in groundwater produced or withdrawn
for commercial purposes from approximately 1.38 million acres in Texas,
Louisiana, Georgia and Alabama. Forestar’s address on the World Wide Web
is www.forestargroup.com.
Forward-looking Statements
This release contains “forward-looking statements” within the meaning of
the federal securities laws. These statements reflect management’s
current views with respect to future events and are subject to risk and
uncertainties. We note that a variety of factors and uncertainties could
cause our actual results to differ significantly from the results
discussed in the forward-looking statements. Factors and uncertainties
that might cause such differences include, but are not limited to:
general economic, market, or business conditions; the opportunities (or
lack thereof) that may be presented to us and that we may pursue;
fluctuations in costs and expenses including development costs; demand
for new housing, including impacts from mortgage credit availability;
lengthy and uncertain entitlement processes; cyclicality of our
businesses; accuracy of accounting assumptions; competitive actions by
other companies; changes in laws or regulations; and other factors, many
of which are beyond our control. Except as required by law, we expressly
disclaim any obligation to publicly revise any forward-looking
statements contained in this news release to reflect the occurrence of
events after the date of this news release.
Forestar Group Inc.
Chris L. Nines, 512-433-5210
