SOURCE: Crystal Properties Holdings, Inc.

November 14, 2008 06:00 ET

Crystal Properties Holdings, Inc. Announces Offers Pending for Key Real Estate Purchases

LOS ANGELES, CA--(Marketwire - November 14, 2008) - Crystal Properties Holdings, Inc. (PINKSHEETS: CPHG) Board of Directors has approved finalizing offers for bank-owned real estate in the Las Vegas metropolitan area. The Company has offers pending with Indy Mac, Countrywide and Wells Fargo. Peter Anello, President, stated, "Traditionally the holiday months are the best purchase months for undervalued real estate and we are going to seize that opportunity."

About Crystal Properties Holdings, Inc.

The Company is focused on aggressively purchasing and selling discounted real estate, real estate portfolios and underdeveloped properties from individual investors, financial institutions, developers and banks.

For Additional Information, go to the Website: www.crystalhg.com

This press release contains certain "forward-looking statements" within the meaning of federal securities laws including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions. Although the Company believes that the statements were reasonable when made, these forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.

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