August 19, 2008 06:20 PM Eastern Time 

Martha Stewart and KB Home Celebrate 1^st Birthday of Community at Stapleton

DENVER--(BUSINESS WIRE)--Martha Stewart Living Omnimedia (NYSE: MSO) and KB Home (NYSE: KBH) today celebrated the one year anniversary of their KB Home Stapleton: Homes Created with Martha Stewart community by hosting a birthday celebration with special guests, Martha Stewart and Jeffrey Mezger, president and CEO of KB Home. Located in Stapleton, the community opened last year and is the only KB Home Martha Stewart community in Colorado.

Approximately 100 contest winners, along with media and numerous local officials, attended the birthday party held at the community this afternoon. Attendees enjoyed a luncheon and had the opportunity to participate in a cupcake-decorating contest judged by Martha Stewart. Stewart selected the winner of the contest and presented the top three with gift baskets courtesy of Martha Stewart Living Omnimedia and KB Home.

“The one year anniversary of our Martha Stewart community at Stapleton is a significant milestone,” said Jeffrey Mezger, president and CEO of KB Home. “Innovative collaborations like our partnership with Martha Stewart continue to draw buyers to our communities and truly set our company apart in the marketplace by offering choices buyers can find only at KB Home.”

According to MetroStudies, the year to date sales at the KB Home Martha Stewart Stapleton community are 38 percent higher than the other 11 builders in the Stapleton master plan.

At KB Home Stapleton: Homes Created with Martha Stewart, homebuyers have their choice of five floor plans ranging in size from 1,593 to 2,084 square feet, all with 3 bedrooms, 2.5 baths and 2-car garages. The exterior of the homes are inspired by Martha’s own residences, as are the interior design details such as wainscoting, picture-frame molding, open shelving, bead board and more. Visitors to the community can tour three model homes decorated by the Martha Stewart design team. Pricing on your very own Martha-inspired home begins in the mid $300,000s.

"I am thrilled that our KB Home Martha Stewart community in Stapleton is one of the best selling in Colorado,” said Martha Stewart. “These homes demonstrate the excellent design and value we know is important to our customers.”

Since opening in 2002, Denver’s premier planned community, Stapleton, has attracted over 7,000 new residents—and it’s easy to see why. Stapleton is located just 10 minutes outside downtown Denver, and marks a return to old-fashioned neighborhoods, with a modern twist. Residents enjoy expansive public parks, biking and hiking trails, swimming pools, convenient one-stop shopping centers and community events.

For more information about KB Home Stapleton, the KB Home Martha Stewart communities and other communities in the Denver area, visit www.kbhome.com or call 1-888-KB-HOMES.

About KB Home

KB Home, one of the nation's largest homebuilders, has been building quality homes for families for more than 50 years. Headquartered in Los Angeles, the Company has operating divisions in nine states, building communities from coast to coast. KB Home, ranked the #1 homebuilder in FORTUNE magazine’s 2008 list of America’s Most Admired Companies®, is a FORTUNE 500 company listed on the New York Stock Exchange under the ticker symbol "KBH." For more information about any of KB Home's new home communities or complete mortgage services offered through Countrywide KB Home Loans, LLC, call 888-KB-HOMES or visit www.kbhome.com.

About Martha Stewart Living Omnimedia, Inc.

Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) is a diversified media and merchandising company, inspiring and engaging consumers with unique lifestyle content and distinctive products. The Publishing segment encompasses four magazines, including the company’s flagship publication, Martha Stewart Living, periodic special issues and books. The marthastewart.com website provides consumers with instant access to MSLO’s multimedia library, search and find capabilities, recipes, online workshops, community and personalization, as well as wedding-planning tools powered by WeddingWire. The Broadcasting segment produces such programming as the Emmy-winning daily, nationally syndicated television series, “The Martha Stewart Show,” and Martha Stewart Living Radio, channel 112 on SIRIUS Satellite Radio. In addition to its media properties, MSLO offers high-quality Martha Stewart products through licensing agreements with carefully selected companies, including the Martha Stewart Collection exclusively at Macy’s, Martha Stewart Everyday at Kmart, Martha Stewart Crafts with EK Success at Wal-Mart, Michaels and independent retailers, Martha Stewart for 1-800-Flowers.com and a co-branded food line with Costco. In April 2008, Emeril Lagasse joined the Martha Stewart family of brands; MSLO acquired the assets related to Lagasse’s media and merchandising business, including television programming, cookbooks, and emerils.com website and his licensed kitchen and food products. For additional information about MSLO, visit www.marthastewart.com.