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Gary Martell Joins Blu® Homes as Chief Financial Officer

High-Tech Industry Veteran to Focus on Growth and Geographic Expansion

WALTHAM, Mass. and SAN FRANCISCO, Jan. 17, 2013 /PRNewswire/ -- Blu ® Homes, Inc. ("Blu"), the leading builder of beautiful and green precision-built homes, today announced that Gary Martell has joined the company as chief financial officer. Mr. Martell, who has over 25 years of corporate finance experience and has completed IPOs and major M&A transactions for several high-tech and manufacturing companies, will oversee all finance and administration activities at Blu, working out of the company's Vallejo, CA factory. He joins Blu from MicroProbe, which provides technology solutions to global semiconductor manufacturers, where he served as CFO.

(Photo: http://photos.prnewswire.com/prnh/20130117/NE44061-a )
(Logo: http://photos.prnewswire.com/prnh/20130117/NE44061LOGO-b )

"Gary's strong track record in scaling finance and operations in high-tech product companies is a great fit for a company revolutionizing global home building," said Blu's CEO Bill Haney. "Given his experience in taking companies to the next level, this is an ideal time for Gary to join Blu, which continues to grow aggressively thanks to soaring market interest in healthy, green modern-designed homes. Gary is coming on just as Blu has proven its strong performance through the downturn with exceptional 400% year-over-year bookings growth in 2012."

As CFO, Mr. Martell has led a number of high-tech manufacturing companies through IPO and acquisition. Prior to his experience at MicroProbe, Mr. Martell served as the CFO of UPEK and Stion, where he prepared both technology companies for IPO or M&A.  He also served as chief operating officer of Cobalt Networks, where he grew revenue by 20X and led the company through both an IPO and a $2.2 billion sale to Sun Microsystems. At Sun Microsystems, Mr. Martell became Vice President of Network Storage Operations and managed the division's internal operations.

Mr. Martell also spent more than 10 years at Wyse Technology, where he worked in several positions, including CFO and Vice President of Operations. At WYSE he led a successful IPO after executing a major strategic acquisition and significant process improvements.

"I am thrilled to be joining Blu at this strong point in the company's growth and to be driving disruptive and proprietary technology in a very traditional industry," stated Gary Martell. "I believe in Blu's mission and vision, love the team, and am excited at the opportunity to scale the business in the U.S. and Canada as well as worldwide."

Mr. Martell holds a Bachelor of Business Administration degree with concentrations in finance and computer science from the University of Massachusetts Amherst.

For more information about building a Blu home, contact [email protected]. Or, visit Blu Homes at www.bluhomes.com and follow Blu on Facebook (http://www.facebook.com/bluhomes) and Twitter (@BluHomes).

About Blu Homes
Blu Homes, Inc. is the leading provider of beautiful and green precision-built prefab homes in North America. Built in its own 250,000-square-foot state-of-the-art manufacturing facility in Vallejo, California, Blu's inspired and nationally recognized homes can be found from New York to the Colorado Mountains and the Pacific Coast. Blu's proprietary steel framing and building technology result in homes that are as strong as they are beautiful; ship efficiently; and are conveniently finished on site by our own teams. Blu homes are more economical, healthier to live in, require lower maintenance, and are much stronger than conventional construction. Visit www.bluhomes.com. Blu is also the proud builder of the Sunset magazine 2012 Idea House in Healdsburg, California. For more information on the Sunset Idea House, click here.

SOURCE Blu Homes, Inc.

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