SOURCE: Freshstart Properties, Inc.

November 06, 2007 06:30 ET

Freshstart Announces Acquisition Increasing Revenue by Approximately 13%

TACOMA, WA--(Marketwire - November 6, 2007) - 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.

Contact Information