CORRECTING and REPLACING WCI Communities Celebrates Listing on the New York Stock Exchange

CORRECTING and REPLACING WCI Communities Celebrates Listing on the New York Stock Exchange

BONITA SPRINGS, Fla.--(BUSINESS WIRE)-- Please replace the release with the following corrected version due to multiple revisions.

WCI Communities CEO Keith E. Bass, joined by members of WCI's management team, board of directors an ...

WCI Communities CEO Keith E. Bass, joined by members of WCI's management team, board of directors and sponsors, celebrated the company's first day of trading on the NYSE by ringing The Opening Bell. (Photo by Ben Hider/NYSE Euronext)

The corrected release reads:


WCI COMMUNITIES CELEBRATES LISTING ON THE NEW YORK STOCK EXCHANGE

WCI Communities, Inc. ("WCI" or the "Company") today announced the successful public sale of 6,819,091 shares of WCI common stock, at a price of $15.00 per share. WCI begins trading today on the New York Stock Exchange under the symbol "WCIC."

WCI is a lifestyle community developer and luxury homebuilder of single- and multi-family homes in most of coastal Florida's highest growth and largest markets. WCI operates three businesses, including its primary Homebuilding business and complementary Real Estate Services and Amenities businesses.

Keith Bass, President and Chief Executive Officer of WCI, said: "This is an exciting day for everyone at WCI. With the capital we have raised today, combined with our sizeable and attractive land inventory, strong existing market position, and highly respected local management teams, we are well positioned to expand both organically and through strategic acquisitions in the highly attractive coastal Florida housing market."

Mr. Bass, joined by members of WCI's management team, board of directors and sponsors, celebrated the company's first day of trading on the NYSE by ringing The Opening Bell.

A webcast of the event is available at https://nyse.nyx.com/the-bell.

About WCI Communities, Inc. (NYSE: WCIC)

WCI Communities is a lifestyle community developer and luxury homebuilder of single- and multi-family homes in coastal Florida's highest growth and largest markets. With a legacy that spans more than 60 years, WCI has an established expertise in developing amenity rich, lifestyle oriented master-planned communities, catering to move-up, active adult and second-home buyers. Headquartered in Bonita Springs, Florida, WCI is a fully integrated homebuilder and developer with complementary real estate brokerage and title services businesses. For more information, visit www.WCICommunities.com or call 800-WCI-2290.

Forward-Looking Statements

Certain statements contained in this release that are not historical information contain forward-looking statements. The forward-looking statements involve risks and uncertainties and actual results may differ materially from those projected or implied. Further, certain forward-looking statements are based on assumptions of future events which may not prove to be accurate. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believe," "estimate," "project," "anticipate," "expect," "seek," "predict," "contemplate," "continue," "possible," "intend," "may," "might," "will," "could," "would," "should," "forecast," or "assume" or, in each case, their negative, or other variations or comparable terminology. The Company derives many of its forward-looking statements from its operating budgets and forecasts, which are based upon many detailed assumptions. While the Company believes that its assumptions are reasonable, it is difficult to predict the impact of known factors and, of course, it is impossible to anticipate all factors that could affect actual results.

You should keep in mind that any forward-looking statement made by the Company herein, or elsewhere, speaks only as of the date on which made. New risks and uncertainties come up from time to time, and it is impossible for the Company to predict these events or how they may affect it. The Company has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.



Media:
WCI Communities
Laura Johnston, 239-253-6902
or
Kekst and Company
Lyndsey Estin / Margaret Rohrmann, 212-521-4800

KEYWORDS:   United States  North America  Florida  New York

INDUSTRY KEYWORDS:

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