CPI Crown Properties International Corporation
TSX VENTURE : CWN

CPI Crown Properties International Corporation

August 10, 2005 19:02 ET

CPI Crown Properties International Corporation Announces New CFO

CALGARY, ALBERTA--(CCNMatthews - Aug. 10, 2005) - CPI CROWN PROPERTIES INTERNATIONAL CORPORATION (TSX VENTURE:CWN) wishes to announce the Resignation of Mr. Stephen Yuen as CFO and the Appointment of Mr. Dmitry Korchevsky as the new CFO.

Effective June 13, 2005, Mr. Stephen Yuen resigned as Chief Financial Officer of CPI, without reasons.

CPI would like to thank Mr. Yuen for his dedication and guidance during his tenure as CFO of CPI and we wish him much success in his future business endeavors.

CPI would like to announce that effective July 21,2005 the Board of Directors appointed Mr. Dmitry Korchevsky as the new CFO for CPI. Mr. Korchevsky graduated in 1997 with an MBA degree in Business Administration from Jackson State University, Jackson, MS, USA, and received his Certified General Accountants designation in 2004.

We welcome Mr. Korchevsky to the C.F.O position. He will be playing an active role in managing the expanding investment activities of CPI 's real estate portfolio.

CPI CROWN PROPERTIES INTERNATIONAL CORPORATION IS A TIER 1 company whose common shares are listed for trading on the TSX Venture Exchange under the symbol of CWN. There are currently 10,404,305 shares issued, and outstanding.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or the accuracy of this news release.


The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

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