To: Jim Bishop who wrote (4608 ) 7/21/1999 7:18:00 PM From: Tim Davies Respond to of 150070
this looks interesting.. plus i got an email about it.. and this is on the promom web site Summary: National Rehab Properties, Inc. builds homes and rehabilitates homes for the ''first time homebuyer'' in the mature established residential neighborhoods of Florida. NRPI is based in Marion County, Florida. The company has an office in Miami, Florida where it is currently building 100 houses which the company expects to finish in 1999. As a public company, NRPI is traded over-the-counter as a bulletin board stock under the symbol NRPI. What the company is doing: NRPI specializes in investing and revitalizing established older residential neighborhoods. The company either buys vacant lots and builds a single family home, or buys an abandoned house and renovates it. In either case, NRPI then sells the home at a sizeable profit. The Company owns lots in Miami and is building 17 single family homes on the lots, some of 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 mortgage funds recd. will be used as construction financing on the Miami homes project. National Rehab Properties, Inc. is developing ''Eagle Trace,'' a 100 home subdivision in Vero Beach, Fla. The company projects 100 homes to be built and sold for $18 million in revenues within 24 months, showing $3.5 million profit to the Company. Apart from this the Company is buying an aluminum window manufacturing company and will close in the near future upon completion of its ''due diligence.'' 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.'' Richard Astrom, President and CEO stated, ''We are looking for acquisition candidates and real estate projects that will increase company revenues and enhance shareholder profitability and company attorneys are preparing documentation for the Company to become a reporting company, including annual audit.'' Filing of SB2 We're Excited to inform you, that within the next month, NRPI will be filing its SB2 to become a fully reporting company, and should start filing reports to the SEC sometime in November or December 1999. This is 3-4 months before the required date set forth! Who Owns these Shares: The shares of this company are believed to be in long term Friendly hands! Recent News: July 14, 1999--National Rehab Properties, Inc. (OTC BB:NRPI) announced today that it has received a $750,000 mortgage financing commitment from Washington Mutual for the building of houses in Miami. Expected Earnings: National Rehab Properties, Inc. expects its sales volume to be 100 hundred homes ($9,000,000) in the 1998-99 fiscal year, generating $1,500,000 of pretax net income. The Company plans to increase its sales volume to two hundred homes in the 1999-2000 fiscal year, generating $3,000,000 of pretax net income. We at Greatstockpicks.com feel the share price of NRPI is extremely undervalued and provides a great short term buying oppurtunity. might be ok .. who knows.. almost forgot .. dito on mm's disclaimer tim