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Press release from GlobeNewswire (a Nasdaq OMX company)

Hovnanian Enterprises Earns IDG's InfoWorld 2011 Green Award

Friday, April 29, 2011

Hovnanian Enterprises Earns IDG's InfoWorld 2011 Green Award13:45 EDT Friday, April 29, 2011RED BANK, N.J., April 29, 2011 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, today announced that it is the recipient of this year's InfoWorld Green 15 Award, an annual listing of companies that have established sustainable practices in information technology to be environmentally responsible and drive tangible business value. "With this year's batch of Green 15 winners, organizations of all sizes across an array of industries -- from education to government to medical to energy -- continue to demonstrate that sustainable IT practices are smart business IT practices," said Ted Samson, Senior Analyst, InfoWorld. "Green IT projects not only yield significant environmental benefits that improve an organization's environmental standing; they can result in major cost savings, efficiency boosts, and other rewards that will put a big smile on the CFO's face." "For several years now, we have constructed new homes with exceptional energy efficiency features that reduce monthly utility costs for our home buyers," said J. Larry Sorsby, Executive Vice President and Chief Financial Officer of Hovnanian Enterprises.  "We recently launched a new initiative to bring further awareness to our efforts in constructing high performance homes.  We have enlisted the help of a new spokesperson, Nate, who has become the face of our initiative and communicates to prospective homebuyers in a variety of venues regarding the high efficiency homes that we build. Our sustainable initiatives in information technology are perfectly aligned with our vision to be a more energy-efficient and earth-friendly company." Nicholas Colisto, Vice President and Chief Information Officer, said, "Our sustainable IT initiatives are helping us to reduce energy consumption and be more environmentally responsible. We will continue to explore and exploit opportunities to contribute to this effort wherever possible." Companies around the world have embraced green technology to drive projects and develop products aimed at boosting energy efficiency, trimming waste, and reducing or eliminating the use or the production of harmful substances.  The InfoWorld Green 15 awards recognize each year the 15 most innovative IT initiatives that fall under this umbrella of sustainability. Additional details on the InfoWorld Green 15 Award can be found online at http://www.infoworld.com/About Hovnanian Enterprises® Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Red Bank, New Jersey. The Company is one of the nation's largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Kentucky, Maryland, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. The Company's homes are marketed and sold under the trade names K. Hovnanian® Homes®, Matzel & Mumford, Brighton Homes, Parkwood Builders, Town & Country Homes and Oster Homes. As the developer of K. Hovnanian's® Four Seasons communities, the Company is also one of the nation's largest builders of active adult homes. The Hovnanian Enterprises, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7499About InfoWorld Media Group InfoWorld Media Group helps IT Decision Makers choose the right technology, within the context of a cohesive strategy for business impact at their organizations.  InfoWorld identifies and promotes emerging technology segments that add unique value for the organizations that implement them, as well as the vendors that provide those solutions.  Using an integrated communications approach including online, events, research, and a continued investment in an independent Test Center, InfoWorld analysts and editors provide hands-on analysis and evaluation, as well as expert commentary on issues surrounding emerging technologies and products.  Visit InfoWorld at http://www.infoworld.com.About International Data Group International Data Group (IDG) is the world's leading technology media, events, and research company.  IDG's online network includes more than 450 web sites spanning business technology, consumer technology, digital entertainment and video games worldwide.  IDG also publishes more than 300 magazines and newspapers in 85 countries.  IDG's media brands include CIO, CSO, Computerworld, GamePro, InfoWorld, Macworld, Network World, and PC World.  IDG's lead-generation service, IDG Connect, matches technology companies with an audience of engaged, high-quality IT professionals, influencers, and decision makers.  IDG is a leading producer of more than 750 technology-related events including Macworld Conference & Expo, LinuxWorld Conference & Expo, Entertainment for All Expo (E for All), DEMO, Storage Networking World, and IDC Directions.  IDC, a subsidiary of IDG, is the premier global provider of market intelligence, advisory services, and events.  Over 900 IDC analysts in more than 90 countries provide global, regional, and local expertise on technology and industry opportunities and trends.CONTACT: J. Larry Sorsby Executive Vice President & CFO 732-747-7800 Jeffrey T. O'Keefe Vice President of Investor Relations 732-747-7800