CPI Crown Properties International Corporation

CPI Crown Properties International Corporation

December 22, 2006 13:28 ET

CPI Crown Properties International Corporation: Appointment of Mr. Dalavai M. Sundaram as CFO

CALGARY, ALBERTA--(CCNMatthews - Dec. 22, 2006) - CPI Crown Properties International Corporation (TSX VENTURE:CWN) ("CPI") is pleased to announce the appointment of Mr. Sundaram M Dalavai as its Chief Financial Officer effective December 20, 2006.

Mr. Dalavai graduated from University of Madras, India with a Bachelor of Science degree and has been a member of the Certified General Accountants Association of Alberta since 2004.

Mr. Dalavai has extensive experience in accounting and financial management in the real estate industry, having held the positions of Chief Financial Officer and controller for international and Canadian corporations. Most recently, Mr. Dalavai was the financial controller of DaVinci Homes; a Calgary based Real Estate Company.

CPI welcomes Mr. Sundaram Dalavai as CFO.

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 common shares issued and outstanding.

Certain statements in this news release could constitute forward-looking statements. The Corporation's line of business involves risk, uncertainties and other factors which may cause actual results, performance or achievements of CPI to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements.

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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