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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: usman ahmad who wrote (495)	7/21/1999 7:11:00 PM
From: Tim Davies	Read Replies (1) \| Respond to of 656

i looked at there site, and they say that this stock has been over 7 bucks.. the quote system says .75... so its getting near the top maybe.. more dd needed tim

To: usman ahmad who wrote (495)	7/30/1999 10:23:00 AM
From: JOE TURMAINE	Read Replies (1) \| Respond to of 656

usman, yes, something is cooking! >>Friday July 30, 7:59 am Eastern Time Company Press Release NRPI Announces Sale of Existing Housing Inventory MIAMI--(BUSINESS WIRE)--July 30, 1999--National Rehab Properties, Inc. (OTC BB:NRPI - news) announced today that it has received a forward commitment from Miami-Dade Neighborhood Housing Services Inc. Richard Astrom, President and CEO said, ''the substance of this forward commitment is that MDNHS has in place the pre approved buyers and their monies for closing for the first 14 houses. The sales are subject only to building completion.'' The Company owns lots in Miami and is building single family homes on the lots, which are presold. The Company plans on building 100 similar homes in Miami in the next 12 months and is purchasing lots to do so. The Company also announces that it has entered into a partnership with Encore Builders Inc to joint venture the purchase, rehabilitation and sale of existing houses in Miami. The intent of the partnership is to ''rehab'' 25 houses in the next 6 months. NRPI started in the rehab business, and has drifted away from the rebuilding of existing houses. Richard Astrom explained: ''Now the situation is right to start that business up again, and we do not feel that the new house construction and and present projects will be adversely influenced by the additional single family home construction''. The Company announced that its corporate security attorney has not filed the SB2 do to his recent hospitalization. Richard Astrom, President and CEO said that the attorney is aggressively working on our filing and has given a new target date for filing by August 31, 1999. The completed SB2, with audit will make NRPI a fully reporting company and at that time the company will apply to a national exchange for stock listing. Company is developing a 100 lot subdivision in Vero Beach, Florida, ''Eagle Trace''. The Company is also proceeding with its due diligence and acquisition of an Aluminum window shutter and rail manufacturing company. The company's temporary web address is pagelot.com Richard Astrom, President and CEO stated, ''we are looking for acquisition candidates and land for large residential rental real estate projects, that will increase company revenues and enhance shareholder profitability'', 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 << JOE