JUNCTION CITY, Kansas – July 02, 2008 – American Dream Development, a builder of affordable, planned communities in rural areas near large military installations, today announced that William Wood has been named Vice President of Operations and will spearhead the company’s push to open several major projects in new markets nationally.

Wood, a respected industry veteran who previously led KB Home’s Colorado operations, will focus on scaling up the company’s operational model so it can expand in new geographic areas, beginning with upstate New York and rural Oklahoma. American Dream’s projects apply modern community planning and “New Urbanism” concepts to bring quality, affordable housing to military families and other homebuyers in communities near major military bases.

“We are scaling up and going nationwide, and Bill is the perfect person to lead that expansion,” said American Dream founder and president Jeff Burton. “The model we built near Fort Riley in Junction City can work anywhere – whether it’s Fort Drum in New York, Fort Sill in Oklahoma, or any other base. It’s just a matter of having the know-how and the right contacts with builders and vendors across the country. And that’s what Bill brings to the table.”

Burton said the strategic planning abilities and operational efficiencies Wood has proven in his over twenty years of homebuilding experience will help American Dream earn a national reputation for consistency, quality, value and integrity and become the preferred builder and developer of such projects.

The company’s flagship projects are the Village at Freedom Place and the American Communities developments near Junction City. Other American Communities projects are planned in Lawton, Okla., Pamelia, NY, Ogdensburg, NY and Le Ray, NY.

“I’m excited to join the ‘American Dream’ team,” said Wood. “The opportunity to lead the company in its expansion nationwide is an invigorating challenge at this point in my career.”

As KB Home’s senior vice-president for operations from 2001 to 2007, Wood oversaw the delivery of an average of 1,400 new homes a year. His responsibilities included product development, architecture, construction, customer service, permitting, production scheduling and purchasing. He improved the company’s customer-satisfaction ranking by implementing even-flow production, centralized scheduling, structured quality assurance and customer service standards initiatives. His leadership was key to helping KB Home become the first homebuilder in Colorado to obtain the National Association of Homebuilders Research Center – National Housing Quality Certification.

Wood was co-founder of CatCon Systems, Inc. a homebuilding consulting group specializing in material take-off and job unit costing applications. He also was employed at Richmond American Homes and U S Home where he held executive positions as division president, vice president of construction and project manager.

Wood holds a Bachelor of Science degree in Business Administration from the University of Missouri. He is a member of the Home Builders Association and serves on the State of Colorado Probation Advisory Committee.