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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: Mike Simms who wrote (441)	6/10/1999 5:15:00 PM
From: PREFSTOCK	Read Replies (2) \| Respond to of 656

Great news!! More revenue and more earnings. NRPI Enters Agreement to Purchase an Aluminum Window, Railing and Shutter Manufacturing Company MIAMI--(BUSINESS WIRE)--June 10, 1999--National Rehab Properties, Inc. (OTC BB:NRPI) announced today that it has entered into an agreement to purchase an Aluminum Window, Railing, and Shutter manufacturing company located in Fort Lauderdale, Fla. Richard Astrom, President and CEO, stated: "The new acquisition had $4,600,000 in Sales Revenue in 1998 and expects substantially greater sales revenue in 1999. The Company is profitable." The details of the acquisition will be announced when the due diligence is completed and closing is expected shortly. 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 305/573-8882, FAX 305/571-8357 nrpi.com E-Mail: Realtyrich@aol.com or Investor Relations: PMR and Co Patrick M. Rost, 760/942-0015 E-Mail: PMRandCo@aol.com KEYWORD: FLORIDA BW1306 JUN 10,1999 11:08 PACIFIC 14:08 EASTERN