SOURCE: FIMA Development, Inc.

January 23, 2008 08:32 ET

FIMA Development, Inc. Approved for DTC Eligibility

MURRIETA, CA--(Marketwire - January 23, 2008) - FIMA Development, Inc. (PINKSHEETS: FIMA) announced today that the Company's application to become eligible for deposit at the Depository Trust Company (DTC) and for DTC book-entry services has been approved. FIMA Development, a real estate acquisition, development, and consulting firm specializing in the development of luxury condominiums in the resort destination areas of the Mexican Riviera and the tropical island of Cozumel, is pleased to be able to announce this latest step in the Company's transition to becoming a publicly traded issue.

According to a Company spokesperson, "One of the goals that we envisioned when FIMA Development was first formed was to become publicly traded in order to leverage the tremendous power of the capital markets to fuel our growth initiatives. We are convinced that there exist remarkable opportunities in the Mexican real estate market, evidenced by the recent expansion of efforts in the region by major financial and lending institutions. This recent approval for DTC eligibility will enhance the ease with which shares in our Company can be exchanged and is an important step in our ongoing efforts to offer potential shareholders a unique opportunity to invest in one of the most promising markets in the world."

About FIMA Development, Inc.:

FIMA Development, Inc. is a growing upper-scale residential and multi-family Real Estate Development Company that brings years of development experience to bear in the resort property industry. The company was formed with the goal of developing and managing investments in resort properties, multi-unit residences including upscale condos, and single-family homes. FIMA focuses on purchasing and developing real estate in and around some of the world's hottest destinations throughout Central America, including Cozumel, Playa del Carmen, Cancun, and the Yucatan Peninsula. Using time-tested real estate investment techniques, FIMA can continue to develop quality properties that will generate substantial income in these prime investment property markets. The combination of proven experience in real estate development and a thriving real estate market in the company's target areas make for an exciting time for FIMA and its clients. With a solid foundation of multi-tenant upscale condo development, suburban office acquisitions, speculative ground-up development, and resort development, the company has built an award-winning development portfolio over the last several years.

Contact Information

  • FIMA Development, Inc.
    24088 Semillon Lane
    Murrietta, CA 92562

    Phone: (800) 737-0186
    Fax: (951) 541-0210
    E-mail: Email Contact