CPI Crown Properties International Corporation
TSX VENTURE : CWN

CPI Crown Properties International Corporation

December 13, 2007 14:07 ET

CPI Reports on AGM Matters and Considers a Going Private Transaction

CALGARY, ALBERTA--(Marketwire - Dec. 13, 2007) - CPI Crown Properties International Corporation (TSX VENTURE:CWN):

CPI is pleased to announce that all matters presented to shareholders at the annual general meeting of shareholders held on December 10, 2007 were approved. The Board of Directors remains unchanged as Nicholas Kazakoff, Richard DeVries, Dr. Norman Minor and David Rooney.

In addition, pursuant to a Board of Directors' meeting held immediately following the annual general meeting of shareholders, CPI wishes to report that subject to further due diligence, and receipt of shareholder and regulatory approvals, as necessary, the Directors unanimously approved and authorized management to consider strategic alternatives including a going private transaction for CPI as soon as possible. The Board is concerned about the lack of liquidity for CPI's shares and the increasing costs relative to the benefits of being public.

CPI CROWN PROPERTIES INTERNATIONAL CORPORATION IS CURRENTLY AN "INACTIVE" TIER 2 Company on the TSX Venture Exchange, symbol CWN.

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 accuracy of this news release.

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