SOURCE: Crystal Properties Holdings Inc.

November 19, 2008 10:17 ET

Crystal Properties Holdings Inc. Announces Strong Gains Are Projected for 2008

LOS ANGELES, CA--(Marketwire - November 19, 2008) - Crystal Properties Holdings Inc. (PINKSHEETS: CPHG) announced the selling trends of the Las Vegas area bank-owned real estate are much more favorable than previous estimated. The acquisition team is projecting strong gains based on the quarterly market analysis and forecast. If real estate trends continue, the original projections of $12 million will reach closer to $18 million by the end of 2008. Peter Anello, the president of Crystal Properties Holdings Inc., stated, "If the trends and opportunities continue, the projected gains could even surpass $18 million during the last part of 2008. The large number of foreclosures and the banks willingness to sell at huge discounts is creating a very favorable buying market for the Company."

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.

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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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