The Knot produces a national publication, "The
Knot Weddings Magazine" and publishes
"The Knot Weddings," regional
wedding magazines in 16 U. The Knot's policy is to provide
its expectations
not more than once per quarter, and not to update
that information until the next quarter. But according
to KB Home
(NYSE: KBH), one of the nation's premier homebuilders, couples are
increasingly trading
one night with 200 friends in a rented ballroom for years
of entertaining guests in their own home
.com Poll, 24 percent of respondents purchased
a home within six months of getting married. Kaufman
+
Broad S.
For more information contact:
Kate Mulhearn: (310) 231-4147
kmulhearn@kbhome.
disposable about
S.
This release may contain projections or other forward-looking
statements
regarding future events or the future financial performance
of The Knot. With June's Wedding Season
and National Homeownership Month in Full Swing,
More Couples Are Shifting Their
Priorities
LOS ANGELES, Tom and Katie may not be worried
about wedding costs, but for
most couples weddings are becoming a huge
expense, now averaging $30,000* in the U.
As the
average age for marriage climbs, financially independent couples
spending their own money -- or even
their parents -- are finding that rather
than getting married and renting while they save up to buy
, or taking on these
two large expenditures simultaneously, they'd rather put the bulk of their
wedding
budget toward starting their life together in their new home. chose to forgo the large wedding, instead
they went to Reno for a quick ceremony and returned to buy a home at KB Home's
Walnut Park Estates
in Yuba City.
About KB Home
Building homes for nearly half a century, KB Home is one
of America's
premier homebuilders with domestic operating divisions in some of the fastest-
growing
regions and states: West Coast -- California; Southwest -- Arizona,
Nevada and New Mexico; Central
-- Colorado, Illinois, Indiana and Texas; and
Southeast -- Florida, Georgia, North Carolina and South
Carolina.about ideas
Commenting on today's announcement, The Knot's CEO David Liu said,
"Over the last three
years we have been strengthening our brand and
attracting a growing base of national and local advertisers
. (NASDAQ: KNOT; www. The Company also publishes a
wedding planning book trilogy with Broadway Books
, a gift book series
with Chronicle Books and produces a televised documentary series on
The Oxygen
Network and a VOD service for Comcast Cable.
"As we observe National Homeownership Month, we
continue to see more and
more couples opting to buy a new home instead of planning the large
traditional
wedding," said KB Home Chief Operating Officer Jeff Mezger. It also operates a full-
service mortgage
company for the convenience of its buyers. Founded in 1957,
and winner of the 2004 American Business
Award for Best Overall Company,
KB Home is a Fortune 500 company listed on the New York Stock Exchange
under
the ticker symbol "KBH.wedding ideas
The Knot Will Begin Trading on NASDAQ National Market Tomorrow
also
offers a diverse collection of wedding planning
print publications.S. "My husband was concerned
that I might miss
the big white dress, but we can always have a ceremony or celebration down the
line," said Julie.kbhome.
* According to Fairchild Bridal Group (Publisher of Bride's
magazine).
wedding film
The Knot Inc.which weddings
The Knot provides over
one million new members a year with comprehensive
wedding planning
information, interactive tools and resources, and wedding-related
shopping. markets
and "The Knot Real Weddings"
magazines in two additional markets."
Jody (a 31-year-old Air
Force Staff Sergeant) and Julie (a 26-year-old
student) Prince of Yuba City, Calif. In fiscal 2004
, the Company delivered homes
to 31,646 families in the United States and France.sites disposable
weddings tosses
The Knot has extended
its brand to reach every venue engaged
couples consult including bookstores, newsstands, nationally
distributed cable television programming and the Internet.S.shopping sites
Its
award-winning website, TheKnot
.com, is the leading online wedding
destination and wedding content provider to America Online, MSN
and
Comcast. Actual events or results
may differ materially from those contained in the projections
or
forward-looking statements.
According to a recent KBHome.com
planning about
Publishing
Writers/Business Editors/Financial Editors
NEW YORK----The Knot, Inc.theknot.wedding releases
theknot.
The
Knot recently launched its newlywed website, TheNest."
Based on the average $30,000* wedding
budget, couples may want to
reevaluate where their money is going.cameras planning
com, the
first online destination
for the newly married audience, providing
couples in their first two years of marriage with targeted
relationship advice, living and entertaining ideas, interactive tools
for daily life and a robust
community of peers.More Couples Are Skipping a Large Wedding for the Home of Their Dreams
shopping tosses
"
About
The Knot, Inc., the Company's publicly-traded French subsidiary, is one of the
largest homebuilders
in France.favors photography
As
we continue to grow, we are also focusing on leveraging our
relationship with our
membership base to provide the information and
services they value for other major life stages beyond
the wedding.com) is a leading
national life stage media and services company. Some of the factors
that
could cause actual results to differ materially from the
forward-looking statements contained
herein include, without
limitation, (i) The Knot's unproven business model and limited
operating
history, (ii) The Knot's history of losses, (iii) the
significant fluctuation to which The Knot's
quarterly revenues and
operating results are subject, (iv) the risks and related costs
associated
with ongoing litigation, (v) the seasonality of the wedding
industry and (vi) other factors detailed
in documents The Knot files
from time to time with the Securities and Exchange Commission,
including
its recent filings on Forms 10-K and 10-Q. "They
want the comfort and security that comes with homeownership
and prefer to
spend their money on their future life together rather than on one night. Consider
this break down of typical
wedding expenses vs.Sites which provide information and ideas about wedding
reception planning.
which ideas
They
recognize the unique opportunity we offer to capture the attention of
a
prime audience that has a finite time to spend a wedding budget.
The Knot Inc. "It was more
important for us to get our home so we can
start our family and future together.
Traditional
Wedding Budget KB home
Wedding Reception $15,000 5% down payment
($300,000 home)
Attire $3,000 Flooring
Photography/Video
$3,000 Covered Patio
Music/DJ $2,700 Cabinets
Flowers $2,700 Kitchen Countertops
For many of today's engaged
couples, a new home has more to offer than one
night filled with cheesy dance moves and a mediocre
buffet dinner ever could
as well as plenty of cabinet space to store all those great wedding gifts
.com.favors tosses
com), the nation's leading wedding resource, reported
that its stock will begin trading tomorrow
, March 29, 2005, on the
NASDAQ National Market under the stock symbol KNOT. The Knot is based in
New York and has several other U. These statements are only predictions and reflect the
current
beliefs and expectations of The Knot. For many, skipping the large
wedding and using that money
towards their new home may make more sense. those associated with buying a new home.A." For more information
about any of KB Home's new home
communities, call 888-KB-HOMES or visit http://www.ideas weddings
(www. offices
. It is routine for internal projections and
expectations to change as the quarter progresses, and
therefore it
should be clearly understood that the internal projections and beliefs
upon which
The Knot bases its expectations may change prior to the end
of the quarter. Although these expectations
may change, The Knot will
not necessarily inform you if they do. Forward-looking
statements in
this release are made pursuant to the safe harbor
provisions contained in the Private Securities
Litigation Reform Act
of 1995.
ideas releases
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