CPI Crown Properties International Corporation

CPI Crown Properties International Corporation

March 02, 2005 22:22 ET

CPI Crown Properties International Corporation Announces That It Has Made A Strategic Investment In Concrete Block Manufacturing Equipment From Interlock Concrete System


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CPI CROWN PROPERTIES INTERNATIONAL CORPORATION

TSX VENTURE SYMBOL: CWN

MARCH 2, 2005 - 22:22 ET

CPI Crown Properties International Corporation
Announces That It Has Made A Strategic Investment In
Concrete Block Manufacturing Equipment From Interlock
Concrete System

CALGARY, ALBERTA--(CCNMatthews - March 2, 2005) - CPI CROWN PROPERTIES
INTERNATIONAL CORPORATION (CPI) (TSX VENTURE:CWN) has expended the
amount of $250,000.00 in order to acquire leased manufacturing equipment
that produces a structural mortarless interlocking masonry block. CPI
intends to use this product in the construction of the garage units in
the Crown Shores Condominium project, which act as the buffer between
the buildings and the railway tracks. The cost of this investment will
be entirely recouped by the cost savings derived in the construction of
the garages.

The building block will add value to any real estate project that
requires masonry construction. The system requires no mortar and no
skilled labour to assemble. The speed of construction will increase by
50% and is not affected by weather. The system also allows for the
blocks to be re-used or reconfigured if a building, built with the
blocks, is no longer required.

With this system, CPI can expand and add value to their present and
future real estate holdings.

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,
8,109,039 are outstanding and 2,295,266 are held in escrow.

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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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    CPI Crown Properties International Corporation
    Tony Argento, B.A., B.E.D.S., M. Arch
    (403) 291-2456
    info@cpicrown.com
    www.cpicrown.com