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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: francis terry who wrote (331)	4/7/1999 8:14:00 AM
From: PREFSTOCK	Read Replies (2) \| Respond to of 656

This is great news!!! National Rehab Properties, Inc. Announces ''Building Commencement'' MIAMI--(BUSINESS WIRE)--April 7, 1999--National Rehab Properties, Inc. (OTC BB:NRPI) today announces that it has received funds for construction, and will immediately proceed with construction of 17 houses on company owned lots, in Miami. These 17 sites are the first of 100 homes that the Company plans to build in the next 12 months. The first houses built will be completed and sold in this fiscal year. The company has been buying homesites in Miami in anticipation of these monies, and will continue to do so. Richard Astrom, President and CEO said, "This is a MILESTONE in the history of the company as we are now able to build large groups of houses at one time. I am pleased for the shareholders of the company as they have been waiting a long time, and we will now be able to fulfill the Business Plan of the Company." The company projects building 100 similar units in Miami in the next 12 months. National Rehab Properties, Inc. builds homes and rehabilitates homes for the "first time homebuyer" in the mature established residential neighborhoods of Florida. Mr. Astrom, explained that company plan is to expand to several cities of Florida and Georgia. The Company is looking for acquisition candidates that will increase company revenues and enhance shareholder profitability. 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 KEYWORD: FLORIDA GEORGIA BW1007 APR 07,1999 3:15 PACIFIC 06:15 EASTERN