SOURCE: Crystal Properties Holdings, Inc.

June 15, 2009 14:34 ET

Crystal Signs Pre-Development Agreement With City-County Leaders in Illinois

LOS ANGELES, CA--(Marketwire - June 15, 2009) - The City of Rockford is enthusiastic about working with Crystal Properties Holding, Inc. (PINKSHEETS: CPHG), on the future revitalization and redevelopment projects in Downtown Rockford (Illinois) indicated by Mayor Larry Morrissey ( through its recent agreement with CPHG.

Crystal Properties signed a pre-development agreement on May 29, 2009 with the City of Rockford (Illinois) for the development interests which include a potential mixed-use development and athletic facility for year-round tournaments and cross-functional flat space for entertainment venues. The project should gain synergies from nearby Metro Centre (, home of the Chicago Blackhawk farm team, historical Coronado Performing Arts Center (, nationally recognized museums ( and Davis Festival Park.

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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