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To: SSP who wrote (20123)	1/13/2000 1:44:00 PM
From: Due Diligence	Respond to of 150070

NRPI news: (COMTEX) B: National Rehab Properties, Inc. CEO Addresses Miami City B: National Rehab Properties, Inc. CEO Addresses Miami City Commission MIAMI, Jan 13, 2000 (BUSINESS WIRE) -- National Rehab Properties, Inc. (OTCBB:NRPI) announced today that its President and CEO, Richard Astrom made a presentation to the Miami City Commission of NRPI's two apartment projects, Granada Grand and Conquistador Plaza. Astrom spoke about the neighborhood impact of the buildings and that NRPI was not asking the City for monies, zoning changes, or favors, only speedy approvals of its building plans and issuance of building permits. Astrom described the very slow process of building permit issuances NRPI has experienced at the Metropolitan Miami Dade County Building Department and their unresponsiveness to small projects and those projects in low income areas. Astrom explained that NRPI wanted to do more projects in the City of Miami and enjoy a good relationship with the City of Miami. Commissioner Willie Gort stated: "You will find that we are a very friendly city". Commissioner Tomas Regalado stated: "We need new buildings in the city and we welcome you". ABOUT THE COMPANY NRPI, based in Miami, is in the business of land acquisition and property development in Florida. Other NRPI projects are: building single family homes in Miami, 100 homes projected for next 12 months generating $9,000,000 in revenues and $1,500,000 net income; building a 60 unit apartment house in Miami (known as "Granada Grand"), generating $8,500,000 revenues and $2,500,000 net income by 2001; developing a subdivision in Vero Beach in which it is developing the land and building houses (known as "Eagle Trace")generating approximately $18,000,000 revenues and $2,500,000 net income between 2000 and 2001; and a window manufacturing plant in Ft Lauderdale, Florida. The company is seeking acquisitions and land for real estate developments. 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. Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: National Rehab Properties, Inc., Miami Richard Astrom, President and CEO Telephone 305/573-8882 FAX 305/571-8357 nrpi.com E-Mail: www.RA@NRPI.com or Investor Relations: Stockbroker Relations Inc. Marc Jablon or Warren White Telephone 800/546-7950 FAX 407/884-0125 WEB PAGE: businesswire.com GEOGRAPHY: FLORIDA INDUSTRY CODE: BUILDING/CONSTRUCTION REAL ESTATE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. * end of story *