SOURCE: Crystal Properties Holdings, Inc.

November 02, 2009 06:00 ET

Crystal Properties Holdings, Inc. Targets Self Storage Facilities for Purchase

LOS ANGELES, CA--(Marketwire - November 2, 2009) - Crystal Properties Holdings, Inc. (PINKSHEETS: CPHG) announces they are targeting self storage facilities to purchase at a discount to generated positive cash flows for the Company. The present economic conditions that exist nationwide are increasing the demand for rental facilities as individuals and families downgrade their living facilities and need additional storage space for their possessions.

Peter Anello, president of Crystal Properties stated, "The Company is in negotiations with StorRite, LLC to help with the feasibility studies that lead to the location of choice self storage facilities available at a discounted prices. Once purchased, StorRite would manage the self storage facilities under the StorRite program and policies."

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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