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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: PREFSTOCK who wrote (348)	4/28/1999 8:52:00 AM
From: PREFSTOCK	Read Replies (1) \| Respond to of 656

NEWS TODAY. very positive National Rehab Properties, Inc. Announces ''Company Update'' of Business Developments MIAMI--(BUSINESS WIRE)--April 28, 1999--National Rehab Properties, Inc. (OTC BB:NRPI) National Rehab Properties Inc. today announced significant mile-markers that have been accomplished in the past 120 days. Richard Astrom, President of National Rehab Properties, Inc. stated: -- NRPI has purchased and taken title to 17 home sites in Miami metropolitan area. -- The Company has retained a Miami Building Contractor, Encore Builders, Inc. to build the 17 homes. -- The Company has sold, prior to completion, 6 of the 17 homes. -- NRPI expects $300,000 profit from the sale of the 17 homes. -- The Company has funds for construction of the 17 houses. -- The Company is looking for an additional 20 home sites on which to build houses for Phase 2 of the 100 Yearly Home Building Plan -- NRPI expects to build 100 similar homes in the next 12 months. -- NRPI has retained Cummings-Grayson, C.P.A., Accountants of Miami, Florida to perform the Annual Audit which is expected within 30 days and will be published immediately upon receipt. -- The Company has retained PMR and Co., Patrick M. Rost President, Financial Consulting and Investor Relations Firm to Assist in Strategic Planning and Increase Exposure to Investor Community -- The Company is seeking suitable profitable acquisition candidates. ABOUT THE COMPANY National Rehab Properties, Inc. builds homes and rehabilitates homes for the "first time homebuyer" in the mature established residential neighborhoods of Florida. The company has recently acquired financing for its building program and NRPI projects building 100 single-family homes in Miami in the next 12 months. Mr. Astrom explained that the company plan is to expand to several cities of Florida and Georgia. 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. CONTACT: National Rehab Properties Inc., Miami Richard Astrom, President and CEO 305/573-8882, (Fax) 305/571-8357 nrpi.com E-Mail: Realtyrich@aol.com or PMR and Co Investor Relations: Patrick M. Rost, 760/942-0015 E-Mail: PMRandCo@aol.com KEYWORD: FLORIDA BW0041 APR 28,1999 5:01 PACIFIC 08:01 EASTERN