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Microcap & Penny Stocks : NRPI at a new low but company is making money. -- Ignore unavailable to you. Want to Upgrade?

To: JOE TURMAINE who wrote (438)	6/8/1999 11:44:00 AM
From: PREFSTOCK	Read Replies (1) \| Respond to of 656

GREAT NEWS!! This stock has shown buying on news several times in a row now. What a great habit :) NRPI Gives Details of $18,000,000 ''Eagle Trace'' MIAMI--(BUSINESS WIRE)--June 8, 1999--National Rehab Properties, Inc. (OTC BB:NRPI) announced today that it has entered into an agreement to purchase 20 Acres for $14,000 per acre cash. Projected profit from the sale of 100 homes will be $3,500,000. The project will be known as "Eagle Trace". The land is approximately 2 miles north of the Indian River Mall, a De Bartolo regional shopping mall. The land is on Kings highway, the road to Disney's Atlantic beachfront resort at Orchid-Vero Beach. The area is approximately 100 miles from Disneyworld in Orlando. Richard Astrom, President and CEO, stated: "Home Depot, Sams Wholesale Club, Olive Garden, Walgreens, Eckerds, 5 banks and every franchise imaginable are already around the Indian River Mall. The area is booming with new subdivisions replacing citrus orchids. It is obvious that there is a huge demand for residential lots and homes". The company announces it has a new Internet Web site, with a temporary address of http:/www.pagelot.com/nrpi.htm. The company is in final negotiations on several additional acquisitions and anticipates being able to disclose them publicly in the very near future. 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. 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 Telephone: 305/573-8882 Fax: 305/571-8357 nrpi.com E-Mail: Realtyrich@aol.com or Investor Relations: PMR and Co Patrick M. Rost Telephone: 760/942-0015 E-Mail: PMRandCo@aol.com KEYWORD: FLORIDA BW1330 JUN 08,1999 7:43 PACIFIC 10:43 EASTERN