SOURCE: Crystal Properties Holdings, Inc.

June 04, 2009 06:00 ET

Crystal Properties Holdings, Inc. Signs Agreement With Environmental and Military Contractor

LOS ANGELES, CA--(Marketwire - June 4, 2009) - Crystal Properties Holdings, Inc. (PINKSHEETS: CPHG) has signed an agreement with an environmental risk and minimization contractor to address present and future real estate acquisitions. The environmental risk agreement with private and military consultant and contractor Robinson Brothers Environmental, Inc. ( will assist CPHG in evaluating general acquisition risks and more importantly environmental risks, impacts and conditions with impaired commercial and industrial projects. Crystal Properties Holdings, Inc. CEO Peter Anello said, "These are exciting times for Crystal Properties Holdings, Inc., because Robinson Brothers Environmental, Inc. will handle the lion's share of our due diligence risks on present and future acquisitions which is necessary for our growth. Robinson Brothers Environmental, Inc. is responsible to offer opinions, reports and implementations of environmental risk reduction programs which are necessary to protect CPHG. Robinson Brothers Environmental, Inc. is integral to CPHG being able to quickly evaluate and form remediation plans on larger acquisitions and projects. Robinson Brothers Environmental, Inc. is a group of seasoned and professional experts which are integral to our success. The ability for Robinson Brothers Environmental, Inc. to timely assist us in the simultaneous evaluation of multiple commercial properties is very important to our continued success and growth."

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.

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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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