OVERVIEW

8990 Holdings, Inc. (HOUSE), formerly IP Converge Data Center, Inc., was incorporated as an information technology and telecommunications services provider on July 08, 2005. On October 1, 2013, the Securities and Exchange Commission approved the change in its corporate name to the present one and the change in its primary purpose to that of a holding company.

In May 2012, Iholdings, Inc. (Iholdings), Januarius Resources Realty Corporation (Januarius) and Kwantlen Development, Inc. (Kwantlen) gained control of the Company through the acquisition of 61.4% of the outstanding capital stock of HOUSE. In May 2013, in line with the objective to consolidate certain real estate companies owned or controlled by Iholdings, Januarius and Kwantlen, the Company acquired all of the outstanding shares in 8990 Housing Development Corporation, 8990 Luzon Housing Development Corporation, Fog Horn, Inc., 8990 Leisure and Resorts Corporation, 8990 Davao Housing Development Corporation and 8990 Mindanao Housing Development Corporation.

Having disposed of its information technology and telecommunications business in 2012 and following its corporate reorganization, the Company is operating, through its subsidiaries, as a low-cost mass housing developer. As of December 31, 2013, the Company completed 16 mass housing projects comprising approximately 14,000 housing units under the DECA Homes and Urban DECA Homes brands.

Source: SEC Form 17-A (2013)

Vision: In providing decent shelter to the Filipino Family, we shall conduct our business with the utmost integrity, fairness, and competence, maximizing the value we provide our customers, suppliers, investors, shareholders and Philippine society in general.

Mission: To be the most admired company in terms of industry leadership in price, quality, and service.

Core Values:
Throughout our first decade of existence, 8990 Holdings has become a strong and stable business due to our Five Pillars, namely:

Competitiveness – Guaranteed Best Price
Competence – Quality building technology
Dependability – Nationwide track record
Innovation – CTS Gold Financing
Commitment – Worry-free comprehensive service

Indeed, 8990 Holdings is changing the game of mass housing by debunking the myths of shadiness, low margins, and risky clients. We realized early on that mass housing is not about houses, it’s about people.