Freshstart Announces Acquisition Increasing Revenue by Approximately 13%
Tuesday , November 06, 2007 06:30ET
TACOMA, WA -- (MARKET WIRE) -- 11/06/07 -- Freshstart Properties, Inc. (PINKSHEETS: FSPP). The Company announces another property acquisition. This property is a four-unit apartment building located in Tacoma, WA. The building consists of multiple units yielding approximately 13% more revenue for Freshstart Properties, Inc. Details of this related-party transaction will be forthcoming upon completion
Mr. Maherali, President and Chief Executive Officer, stated, "We are very excited at the prospect of adding rental units in a market where not only rents but also property values continue to increase." Freshstart Properties, Inc. takes additional revenue and pays down debt increasing equity for its shareholders.
About Freshstart Properties, Inc.
Freshstart Properties, Inc. (PINKSHEETS: FSPP) is a publicly traded real estate development company operating in the Pacific Northwest. The company's principal objective is to create equity and long-term earnings growth through the acquisition and development or renovation of undervalued and foreclosed real estate.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
-------------------------------------------------------------------------------- Freshstart Properties, Inc. Tel: 253-383-7194 www.freshstartpropertiesinc.com Email Contact
Source: Freshstart Properties, Inc.
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Freshstart Adds Yet Another 5% to Its Revenue Growth
Monday , November 12, 2007 16:04ET
TACOMA, WA -- (MARKET WIRE) -- 11/12/07 -- Freshstart Properties, Inc. (PINKSHEETS: FSPP) -- The company announces another property acquisition in Tacoma, WA. This property will add another 5% to the company's bottom line. Details of this property purchase will be forthcoming, and we expect to finalize this related party transaction within the next 30 days.
Mr. Nazir Maherali, President and Chief Executive Officer, stated, "The last three transactions should increase our revenue by up to 36%. Our focus is to keep increasing our revenues and continue to add well-selected properties to our current portfolio"
About Freshstart Properties
Freshstart Properties, Inc. (PINKSHEETS: FSPP) is a publicly traded real estate development company operating in the Pacific Northwest. The company's principal objective is to create equity and long-term earnings growth through the acquisition and development or renovation of undervalued and foreclosed real estate.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
-------------------------------------------------------------------------------- Contact: Freshstart Properties, Inc. Tel: 253-383-7194 www.freshstartpropertiesinc.com
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