OTC Bulletin Board S & P Company Insight for HAMPTONS LUXURY HOME
Profile
	Business Summary: Hamptons Luxury Homes, Inc., through its subsidiaries, operates as a builder of single-family homes in New York. It engages in building and maintaining custom homes, luxury vacation homes, and ultra-luxury estate homes in the Hamptons area of Long Island.   Address   P.O. Box 871   367 Butter Lane   Bridgehampton , NY 11932   Phone: 631-537-1600   Fax: 631-537-3951   Website: http://www.hlxhomes.com Auditor   Raich Ende Malter & Co. Transfer Agent   North American Transfer Co. Employees:  10 ShareHolders:  117 Founded:  1996 Domicile:  Delaware
Background
	Hamptons Luxury Homes, Inc., through its subsidiaries, operates as a builder of single-family homes in New York. It engages in building and maintaining custom homes, luxury vacation homes, and ultra-luxury estate homes in the Hamptons area of Long Island. The company also provides renovations of homes, historical restorations, and commercial construction. In addition, it offers ongoing property management, maintenance, and service; building material and hardware; materials for the housing and light industrial industries; and construction administration and advisory services related to the residential construction and development of commercial and multiple-use projects. The company, through a joint venture, Architectural Woodwork of the Hamptons, LLC, manufacturers and installs custom millwork, custom cabinetry, custom built-ins, and furniture. Hamptons Luxury Homes was founded in 1978 and is based in Bridgehampton, New York. History:  INCORPORATED in Delaware May 15, 1996, as Southampton Partners, Inc.; name changed to Hamptons Luxury Homes, Inc. Oct. 24, 2003. April 7, 2006, acquired all outstanding shares of Telemark, Inc. for 25,000,000 Common shares.   Subsidiaries: Architectural Woodwork of the Hamptons, LLC Bridgehampton Lumber Corp. DWD Construction Services, Inc. East Coast Properties, Inc. Telemark Service & Maintenance, Inc. Telemark, Inc.
Management
	Management Officers Position  Roy  Dalene Chairman, President & Chief Executive Officer  Frank  Dalene Secretary, Treasurer, Chief Financial Officer & Chief Accounting Officer Directors  Frank  Dalene  Roy  Dalene
Annual Report
	Annual Report   Income Statement   2007 2006 Contract and service revenues $8,706,384 $4,557,941 Contract and service costs 6,437,344 3,293,166 Gross profit 2,269,040 1,264,775 Selling, general and administrative expenses 1,486,947 1,457,747 Income (loss) from operations 782,093 (192,972) Other income (expense): Rental income 21,813 44,598 Interest expense, net (11,918) (39,030) Equity in income of joint venture 19,981 27,423 Income (loss) before income taxes 811,969 (159,981) Income tax expense 196,000 16,600 Net income (loss) $615,969 $(176,581) Basic and diluted income (loss) per common share $0.01 Nil Basic weighted average number of common shares outstanding 57,971,650 58,258,914 Diluted weighted average number of common shares outstanding 58,271,650 58,258,914   Balance Sheet   2007 2006 ASSETS Current assets Cash $123,648 $510,367 Contracts receivable, net 1,759,610 107,785 Income tax receivable -- 176,000 Prepaid expenses and other current assets 16,008 35,642 Total current assets 2,075,266 653,794 Property and equipment, net 61,043 308,102 Advances to and investment in joint venture 56,170 36,189 Deferred financing costs -- 22,384 Other assets 16,600 Total assets $2,209,079 $1,020,469 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Current maturities of mortgage payable $42,047 Accounts payable $1,119,927 200,113 Accrued expenses and other current liabilities 12,397 18,310 Income taxes payable 30,500 16,600 Total current liabilities 1,162,824 277,070 Deferred taxes payable 29,000 -- Mortgage payable -- 521,952 Stockholders' equity Common stock, par value $0.0001 5,797 5,797 Additional paid-in capital 533,913 354,074 Retained earnings 477,545 (138,424) Total stockholders' equity 1,017,255 221,447 Total liabilities and stockholders' equity $2,209,079 $1,020,469 Common Shares 57,971,650 57,971,650
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2008   1 2,760,000   2008   2 3,550,000   2008   3 1,380,000   2007   3 3,740,000   2007   4 2,120,000   2007   Full Year 8,710,000   2006   1 110,000   2006   2 1,990,000   2006   3 850,000   2006   Full Year 4,560,000   2005   Full Year 170,000   2004   Full Year 30,000     Quarterly Net Income, US$ Year Quarter Revenue   2008   1 Nil   2008   2 Nil   2008   3 Nil   2007   3 Nil   2007   4 Nil   2007   Full Year 620,000   2006   1 20,000   2006   2 50,000   2006   3 (170,000)   2006   Full Year 176,600   2005   Full Year (134,000)   2004   Full Year 10,000   2003   Full Year (10,000)     Quarterly EPS, US$ Year Quarter Revenue   2008   1 Nil   2008   2 Nil   2008   3 Nil   2007   3 Nil   2007   4 Nil   2007   Full Year .01   2006   1 Nil   2006   2 Nil   2006   3 Nil   2006   Full Year Nil   2005   Full Year Nil   2004   Full Year Nil
Stock Data
	Capitalization as of 03/31/2008:     Authorized Shares Outstanding Shares Common $0.0001 par 200,000,000 57,971,650   LONG TERM DEBT: None.   Common $0.0001 par   Stockholders:  03/14/2008, 117. PRINCIPAL STOCKHOLDERS: March 14, 2008, Roy and Frank Dalene together owned or controlled 77.5% of the Common, and Robert A. Wilson 18.1%.   Transfer Agent:  North American Transfer Co.   Freeport , NY   OTC Bulletin Board( Primary): HLXH   Exchange Year High Low OTC Bulletin Board 2007 0.1900 0.0300 OTC Bulletin Board 2006 2.5000 0.0700   DIVIDENDS: Common $0.0001 par: None.