CPI Crown Properties International Corporation
TSX VENTURE : CWN

CPI Crown Properties International Corporation

November 14, 2006 19:07 ET

CPI Crown Properties International Corporation: Summary Judgement Awarded Against Camrose Crown Care Corporation and Syndico Inc.

CALGARY, ALBERTA--(CCNMatthews - Nov. 14, 2006) - CPI Crown Properties International Corporation (TSX VENTURE:CWN) ("CPI") announces that a summary judgement in the sum of $695,700 was entered in the Court Of Queens Bench of Alberta, Judicial district of Edmonton, on October 6, 2006 against Camrose Crown Care Corporation and Syndico Inc; jointly and severally for unpaid condominium fees relating to CPI's undeveloped bare land condominium units in Camrose, Alberta.

CPI, through CPI Crown Development Corporation wholly owns Camrose Crown Care Corporation. The Kazakoff Family Trust owns Syndico Inc. Mr. Nicholas Kazakoff is a shareholder and director of CPI.

A Notice of Appeal was filed in the Court of Queens Bench of Alberta, Judicial District of Edmonton by Camrose Crown Care Corporation on October 17, 2006, seeking relief by way of vacating the said Order of Judgement and for award of costs of the Appeal and the original Application. The appeal will be heard before the presiding Justice in Chambers on November 22, 2006 at 10:00 AM in the forenoon.

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.

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. Such factors include number of square feet and the number of commercial buildings that CPI will actually develop, sell and or lease.

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

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

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