NRPI - Jeffrey L Henken - >1 million - 0.45 - Acquisitions coming!
National Rehab Properties, Inc. Announces Acquisition Program Activity
MIAMI--(BUSINESS WIRE)--May 17, 1999--National Rehab Properties, Inc. (OTC BB:NRPI - news) has been evaluating opportunities in the Real Estate industry and related industries in Miami, Fort Lauderdale and West Palm Beach, Fla.
The company announces it is aggressively targeting several companies for acquisition and is involved in due diligence. Richard Astrom, President and CEO stated: ''This announcement is being made as these transactions will bring significant assets to NRPI as well as considerable top and bottom line growth. There can be no assurance that the acquisitions will be consummated, however, proper announcement will be made with execution of agreements.''
National Rehab Properties, Inc. builds homes and rehabilitates homes for the ''first time homebuyer'' in the mature established residential neighborhoods of Florida and will continue to do so. Mr. Astrom explained that should the acquisitions be consummated they will substantially influence and accelerate the company's growth.
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
nrpi.com
E-Mail: Realtyrich@aol.com
or
Investor Relations:
Patrick M. Rost
biz.yahoo.com
Regards, Jeff |
