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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: myturn who wrote (151)	8/16/1998 9:23:00 PM
From: Dave the Rave	Read Replies (1) \| Respond to of 656

It seems like the plans for expansion into Atlanta, GA are a little farther along than first reported. NRPI has one of their people in Atlanta looking to acquire a group of homes to rehab and meeting with local lenders for construction and permanent mortgages. Once the Atlanta operation is up and running, they will replicate the process in major cities across the country. Expansion plans are for a new location every quarter, but they will increase that rate if they are as successful as anticipated. In talking to CEO Richard Astrom, he has a dozen cities targeted in the Southern and Eastern areas of the U.S. as the first areas for expansion.

To: myturn who wrote (151)	9/5/1998 9:28:00 AM
From: JOE TURMAINE	Respond to of 656

Reason, good news like this and everyone has deserted the thread?? >>Friday September 4, 3:31 pm Eastern Time Company Press Release National Rehab Properties Inc. Revision of Previous Announcement NEW ORLEANS--(BUSINESS WIRE)--Sept. 4, 1998--National Rehab Properties Inc. (OTC BB:NRPI) Friday announced the repurchase of shares. National Rehab Properties Inc. Friday announced that their board has approved the repurchase of up to 400,000 shares in the open market. The public float is estimated at 2,200,000 shares. The timing and terms of the repurchase will be determined by management based on market conditions. National Rehab Properties Inc. said it had 9.7 million common shares. The company is in the process of rehabilitating homes in New Orleans and selling the renovated homes to ''first-time homebuyers'' through ''affordable housing'' programs. The homes are being sold to first-time homebuyers. Large areas of New Orleans are primarily two family homes and NRPI is converting those two family homes into single family homes, for working families. The company expects to be a reporting company by the end of 1998. Certain of the above statements may be forward looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors, including competitive developments and risk factors listed from time to time in the company's SEC reports. ------------------------------------------------------------------------ Contact: National Rehab Properties Inc., New Orleans Richard Astrom, President and CEO 504/525-2777<< JOE