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LIBERTY HOMES

Liberty Homes, Inc., one of the oldest and largest builders of manufactured and modular homes, celebrated its 60th Anniversary in 2001.

Throughout the years, Liberty has been a forerunner in the expanding market of manufactured housing.

The purchase of a Liberty home comes with the commitment of the Liberty family to customer satisfaction.

Liberty Homes, Inc., one of the Nation's oldest and largest builders of manufactured homes, celebrated its 60th anniversary in 2001. Throughout the years, Liberty has been a forerunner in the expanding market of manufactured housing.

Liberty currently operates ten manufacturing facilities in Indiana, Kansas, Pennsylvania, Wisconsin (2), Florida, North Carolina, Alabama (2) and Oregon. Today, Liberty is one of the leaders in the manufactured housing industry. Liberty's strong financial position and longevity in the home building industry backs up the Company's firm commitment to customer satisfaction.

Manufactured homes, while built of the same materials, enjoy many advantages over the site built home. Manufactured homes are built to a rigid, yet innovative federal housing code, the Manufactured Home Construction and Safety Standards. Also, manufactured homes are built in a plant, a controlled environment, so that the vagaries of adverse weather do not affect the construction or quality of the finished home. Liberty Homes' craftsmen, many of whom are long-term employees, can build homes year round to provide Liberty's customers with a home at the homeowners, rather than the builder's, convenience. Each home is inspected by federally approved and certified experts to ensure compliance with Federal Standards.

Total Quality Management at Liberty/Waverlee/Badger Homes is a process of listening and sharing of information. We collectively impute this advice from our dealers, suppliers, and employees so that we are able to provide a safe home of quality to our customers.

We are appreciative of each and everyone of our Liberty/Waverlee/Badger teammates. From time to time we have

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