SOURCE: Case Financial Inc.

August 21, 2006 08:30 ET

Case Financial Inc. Enters Into Pact to Develop Real Estate Properties in The Bahamas

CARLSBAD, CA -- (MARKET WIRE) -- August 21, 2006 -- Case Financial, Inc. (OTCBB: CSEF) today announced it has entered into an agreement with Management One Ltd., a property management company located in Nassau, The Bahamas, to form a new jointly owned company, The Great Andros Land Company Ltd.

The company is being formed to develop a plan to acquire and/or assume operational and developmental control of approximately 4,000 acres in Fresh Creek, Andros, which is owned by the Hotel Corporation of The Bahamas (HCB), a government agency that holds title to the Crown Lands of The Bahamas. The acreage includes a hotel, marina, and extensive beach frontage.

The Great Andros Land Company Ltd. intends to develop world-class resort facilities and residential communities on Andros.

Andros, the largest island in the Bahamas, features pristine beaches and one of the largest coral reefs in the world. It is well-known for its deep-sea fishing and diving in an area of the Atlantic Ocean called "The Tongue of the Ocean," where depths reach 6000 feet.

The new company will benefit from Management One's extensive experience with properties in The Bahamas and from Case Financial's expertise in capital formation and business development.

Forward-Looking Statements

Except for historical information contained herein, the statements made in this release constitute forward-looking statements (including within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934). Such forward-looking statements are based on current expectations that are subject to significant risks and uncertainties that are difficult to predict, including statements regarding the intent, belief or current expectations of Case Financial, Inc. and its management regarding strategic directions, prospects and future results. These forward-looking statements include, among other things, statements regarding future events and the future financial performance of the corporation that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by Case Financial, Inc., which are on file with the U.S. Securities and Exchange Commission and may be accessed at http://www.sec.gov, and specifically the most recent reports on Form 10-K and 10-Q, each as it may be amended from time to time, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Case Financial, Inc. disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release.

Contact Information

  • Contact:
    Lawrence Schaffer
    Case Financial, Inc.
    Tel. 760 804 1449