TACOMA, Wash, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (NASDAQ:HCDI, HCDIP, HCDIW, HCDIZ))) ("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative real estate company involved in all aspects of the land development cycle, today announced the date of the Company's second quarter 2023 earnings release and presentation.

Second Quarter 2023 Earnings Release and Financial Results Details

Harbor will issue its second quarter 2023 earnings release and supplemental presentation on the morning of Monday, August 14, 2023, which will be available in the Investor Relations section under the events tab of the Harbor website at https://investors.harborcustomdev.com/events.

"In our continuing pursuit of operational efficiency and financial management, we have decided to forgo an earnings conference call and webcast for this quarter. We remain dedicated to keeping our valued shareholders informed and will continue to release our quarterly earnings and financial results along with a supplemental slide presentation showcasing updates on our projects. We appreciate your continued support and look forward to sharing our progress with everyone," stated Jeff Habersetzer, Interim Chief Executive Officer for Harbor Custom Development, Inc.

About Harbor Custom Development, Inc.

Harbor Custom Development, Inc. is a real estate development company involved in all aspects of the land development cycle, including land acquisition, entitlements, construction of project infrastructure, home and apartment building, marketing, and sales of various residential projects in Western Washington's Puget Sound region; Sacramento, California; Austin, Texas; and Punta Gorda, Florida. As a land developer and builder of apartments and single-family luxury homes, Harbor Custom Development's business strategy is to acquire and develop land strategically based on an understanding of population growth patterns, entitlement restrictions, infrastructure development, and geo-economic forces. Harbor focuses on acquiring land with scenic views or convenient access to freeways and public transportation to develop and sell residential lots, new home communities, and multi-story apartment properties within a 20 to 60-minute commute of the nation's fastest-growing metro employment corridors.

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, including, without limitation, those set forth in the Company's filings with the Securities and Exchange Commission. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events, or otherwise, except as required by law.

Investor Relations

IR@harborcustomdev.com

866-744-0974

Harbor Custom Development, Inc., Announces Date of Second Quarter 2023 Earnings Release and Presentation