SOURCE: Freshstart Properties, Inc.

November 05, 2007 06:30 ET

Freshstart Adds Apartment Building to Its Holdings Increasing Revenue by 18%

TACOMA, WA--(Marketwire - November 5, 2007) - Freshstart Properties, Inc. (PINKSHEETS: FSPP). The company announced that it has finalized negotiations on a purchase of a property located in Tacoma, WA. The apartment building will increase revenue for Freshstart Properties, Inc. by approximately 18% and increase equity in the Company. Freshstart Properties, Inc. consistently pays down as much dept as possible to maximize shareholder value. The terms of this related-party transaction will be completed within sixty days.

Mr. Maherali, President and Chief Executive Officer, stated, "We will continue to add well selected real estate to our current portfolio as our goal is to generate revenue, create equity, and maximize shareholder value."

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.

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