Privately held, family-run business, Losani Homes is one of the recipients of Canada's 50 Best Managed Companies for 2007. Established in 1993, the prize represents Canada's most prestigious business awards program, recognizing excellence in Canadian-owned and managed companies with revenues exceeding $10 million.

The 50 Best Managed Companies awards are run and sponsored by The National Post, Queen's School of Business, CIBC Commercial Banking and Deloitte Touche. The judging criteria are based on corporate excellence in categories such as finance, operations, industry leadership and human resources. The applicants had to demonstrate their company's competitive edge, strategic planning, fiscal stability, growth potential and ability to attract and retain top talent.

"We are honoured to be acknowledged for excellence in business and management leadership," said Fred Losani, CEO of Losani Homes. "We are the only Ontario home builder to ever receive this award. This award truly is the fruition of the strong vision and corporate philosophy that our family has upheld for over 35 years. We strive for excellence at every level.

Lino Losani, president of Losani Homes, added the award is shared with employees, suppliers and homeowners.

"Our ability to set goals and achieve them is the result of a dedicated team of professionals who uphold our corporate mandate of excellence - whether they are working in the office or on the job-site."

For over 35 years, Losani Homes has been active in the low-rise, new homebuilding industry in South Western Ontario with a strong foothold in the Hamilton, Stoney Creek and Niagara regions. A second generation, family run business; Losani Homes continues to grow as the region's most top-of-mind new homebuilder.