SOURCE: Crystal Properties Holdings, Inc.

June 10, 2009 16:40 ET

Crystal Signs Agreement and Partners Up With Union Trades Department AFL-CIO

LOS ANGELES, CA--(Marketwire - June 10, 2009) - Crystal Properties Holding, Inc. (PINKSHEETS: CPHG) signed a Construction Project Labor Agreement (PLA) for the future ROCKFORD RIVER DISTRICT DOWNTOWN REVITALIZATION program in Rockford, Illinois (Winnebago County) with the Craft Local Unions Affiliated with the Building & Construction Trades Department AFL-CIO.

In an interview with RWG, The Union President and Business Representative and Organizer, Brad Long (www.carpentersunion.org), and International Union of North America Business Manager, Tom DalSanto of Local #32 - A.F.L. / C.I.O., stated, "The union trades are exited to be involved with Crystal Properties Holdings, Inc."

Peter Anello, The President of Crystal Properties, stated, "The union is a strong partner in the community and an integral part of the overall success of a project of this magnitude. The CPHG team is honored to have the union on board."

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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