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To: VBroady who wrote (25747)	2/13/1999 11:06:00 AM
From: Selfop	Respond to of 43774

I see NRPI is moving forward with construction. And they are looking for merger candidates. Hmmmm .Perhaps a good question for that interactive shareholder meeting. NRPI NEWS National Rehab Properties, Inc. Announces Commencement of Building Program Business Wire - February 12, 1999 14:06 MIAMI--(BUSINESS WIRE)--Feb. 12, 1999-- Announces Pursuit of Potential Acquisition Candidates National Rehab Properties, Inc. (OTC BB:NRPID) today announced that it has closed on the purchase of the land for construction of 3 residential building sites in Miami, Florida. The company expects a net profit of $45,000 from these 3 units, and to be completed in this fiscal year. It has entered into a building contract with Encore Builders, Inc. of Miami, Florida for new construction of 18 single family residences. The company expects a net profit of $270,000 from these 18 units and to be completed in this fiscal year. Construction start of additional units due very soon and will be announced. The company also announces that it has retained Cummings Grayson, C.P.A. to perform the company annual audit. Cummings Grayson, C.P.A. has also performed the company audit for the last 2 years. The company expects to become a reporting company immediately upon receipt of the annual audit. The company projects building 100 similar units in Miami in the next 12 months. Company President, Richard Astrom said that the total shares outstanding for the company is 1,610,000. The Board of Directors and majority shareholders today announce that the company will actively pursue profitable merger candidates in an effort to enhance shareholder value. National Rehab Properties, Inc. builds homes and rehabilitates homes for the "first time homebuyer" in the mature established residential neighborhoods of Florida. Mr. Astrom, President and CEO explained that company plan is to expand to several cities of Florida and Georgia. 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., Miami Richard Astrom, President and CEO 305/573-8882