NRPI NEWS TODAY!Tuesday June 20, 9:50 am Eastern Time
Company Press Release
National Rehab Properties, Inc. Exceptional Trading Volume
MIAMI--(BUSINESS WIRE)--June 20, 2000--National Rehab Properties, Inc. (OTCBB:NRPI.OB - news) announced today that for the week of June 12, thru June 16 the stock volume of the company was 39,794,400 shares. As of June 11, 2000 the Total Stock issued and outstanding is 30,383,294. (free trading shares 19,402,012; 10,981,282 restricted shares)
This release emphasizes the company intention to keep investors informed about operations. Recent issuance of stock was from the acquisition of Encore Services Inc. It is not the company plan to issue additional stock for future acquisitions at this time.
On June 15, 2000 the company participated in the Discovery Expo 2000 at the New York Hilton. 80 companies participated and brokers, analysts, and sophisticated fund managers reviewed the companies and talked with executives and delegates of the companies. Management of NRPI attended and met many important contacts, as well as present and future stockholders of the company.
ABOUT THE COMPANY
NRPI, based in Miami, is a fully reporting company. The company's business is real estate development. NRPI projects are: building a 60 unit apartment house in Miami known as GRANADA GRAND, generating $8,500,000 revenues and $2,500,000 net income by 2001; building a 60 unit apartment house in Miami known as CONQUISTADOR PLAZA, generating $8,500,000 revenues and $2,500,000 net income by 2001; developing a subdivision in Vero Beach, Florida, known as EAGLE TRACE. EAGLE TRACE is a heavily deed restricted, walled, gated community with a lake in the center. NRPI will build houses and sell lots to other builders. The sale of the lots in EAGLE TRACE will generate $1,500,000 net income in year 2001. A 100 unit condominium project known as COSTA DEL SOL, located on Flagler Street in Miami, which will generate $10,000,000 in revenues and a $3,000,000 profit to the company in year 2002; ENCORE SERVICES, INC. is a licensed Florida contractor, which is licensed to obtain building permits and build the company developments. The company is seeking acquisitions and land for real estate developments.
Forward-looking statements in this press release are made pursuant to the ``safe harbor'' provisions of the Private Securities Litigation reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, competition, completion problems, technological changes and other risks.
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Contact:
National Rehab Properties, Inc., Miami
Richard Astrom, President and CEO
305/573-8882
FAX 305/571-8357
nrpi.com
E-Mail: www.RA@NRPI.com |
