MIAMI--(BUSINESS WIRE)--Oct. 27, 1999--National Rehab Properties, Inc.
(OTCBB:NRPI - news) announced today that it has filed it's SB2 with the SEC. Filing of Form SB2 is a complete disclosure
of the company financial condition and registration of 10,000,000 shares of stock. Filing was done electronically via EDGAR.
Richard Astrom, President and CEO stated: ''the filing of the SB2 is a milestone in the growth of this company. Quarterly and
an annual reporting statement will now be filed with the SEC thru EDGAR''.
ABOUT THE COMPANY
NRPI, based in Miami, is in the business of land acquisition and property development in Florida. NRPI projects are: building
single family homes in Miami, 100 homes projected for next 12 months generating $9,000,000 in revenues and $1,500,000 net
income; 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; developing a subdivision in Vero Beach in which it is developing the land and building houses
(known as ''Eagle Trace'')generating approximately $18,000,000 revenues and $2,500,000 net income between 2000 and
2001; and a window manufacturing plant in Ft Lauderdale, Florida.
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.
Contact:
National Rehab Properties, Inc., Miami
Richard Astrom, President and CEO, 305/573-8882
Fax: 305/571-8357 |
