PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Mar 7 3:00 PM EST

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To: ISOMAN who wrote (13161)	9/5/1998 10:47:00 AM
From: JOE TURMAINE	Read Replies (3) of 43774

isoman, just checking to see if anyone here is following NRPI since their funding will be coming from PRWT. >>Company Press Release National Rehab Properties Inc. Revision of Previous Announcement NEW ORLEANS--(BUSINESS WIRE)--Sept. 4, 1998--National Rehab Properties Inc. (OTC BB:NRPI) Friday announced the repurchase of shares. National Rehab Properties Inc. Friday announced that their board has approved the repurchase of up to 400,000 shares in the open market. The public float is estimated at 2,200,000 shares. The timing and terms of the repurchase will be determined by management based on market conditions. National Rehab Properties Inc. said it had 9.7 million common shares. The company is in the process of rehabilitating homes in New Orleans and selling the renovated homes to ''first-time homebuyers'' through ''affordable housing'' programs. The homes are being sold to first-time homebuyers. Large areas of New Orleans are primarily two family homes and NRPI is converting those two family homes into single family homes, for working families. The company expects to be a reporting company by the end of 1998. Certain of the above statements may be forward looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors, including competitive developments and risk factors listed from time to time in the company's SEC reports. ------------------------------------------------------------------------ Contact: National Rehab Properties Inc., New Orleans Richard Astrom, President and CEO 504/525-2777<< JOE

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