SOURCE: Crystal Properties Holdings, Inc.

December 09, 2009 16:05 ET

Crystal Properties Holdings, Inc. Announces the Completion of Negotiations for Senior Housing Development Projects

LOS ANGELES, CA--(Marketwire - December 9, 2009) - Crystal Properties Holdings, Inc. (PINKSHEETS: CPHG) announces the completion of negotiations for an agreement with RIDE Group Holding, Inc to help fund selected RIDE senior housing development projects. It is estimated that there are over 76,000,000 Americans 55 and older. This group controls a large portion of the financial assets of America. As documented by Age Wave, almost $2 Trillion of annual income is earned and $7 Trillion in wealth is controlled by this group of Americans. The aging population and declining traditional family structure (parents less likely to be living with their adult children) foreshadow a strong demand for senior housing over the next several decades. The senior housing market is expected to grow in a linear fashion through 2010 and then exponentially through 2030 reaching $500 Billion in capital investment alone.

Crystal Properties short term cash flow and long term return on investment in the RIDE senior housing development projects is very attractive.

About Crystal Properties Holdings, Inc.

The Company is focused on aggressively purchasing and selling discounted real estate, real estate portfolios and underdeveloped properties from individual investors, financial institutions, developers and banks. They also seek profitable participation in real estate development projects.

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This press release contains certain "forward-looking statements" within the meaning of federal securities laws including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions. Although the Company believes that the statements were reasonable when made, these forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.

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