SOURCE: FIMA, Inc.

FIMA, Inc.

June 15, 2010 09:15 ET

FIMA, Inc. Retires 4 Million Shares

HUNTINGTON BEACH, CA--(Marketwire - June 15, 2010) - FIMA, Inc. (PINKSHEETS: FIMA) is pleased to be able to announce that the Company has retired a total of four million shares back to treasury. These shares had originally been part of the acquisition of GoldSource, Inc., a wholly-owned subsidiary of FIMA. This acquisition plan was part of a larger overall strategy based on expansion and diversification. Given current economic conditions, management concluded that its efforts were best spent on developing its core business of real estate construction and land development in Latin America.

CEO Roy Sahachaisere stated, "We remain confident that the business model of GoldSource was a good model, as evidenced by the historic high price for precious metals in today's market. However, this was a mixed blessing, since the economic conditions that gave rise to surging prices in precious metals also made our efforts to raise capital extremely difficult. As a result, we have decided to concentrate our energy on building our core business. We are confident that there are outstanding opportunities in the real estate market in Latin America, and we are dedicated to developing new opportunities as we continue to move ahead with our current projects."

About FIMA, Inc.:

FIMA is engaged in a diverse range of land development and utilization activities, such as the acquisition of raw land and the design and construction of commercial and luxury real estate in the resort regions of Mexico. FIMA Inc. then plans to nationalize the real estate business here in the US by looking for and purchasing distressed properties to create rental income for the company with a 5-7 year target goal of selling these properties at an appreciated price. FIMA, Inc. currently also owns 49% interest in its architect firm in Puebla Mexico so that the company can take advantage of future international opportunities which has been consistent with their initial business model. For more information, visit the Company website at: http://www.fimadevelopmentinc.com.

Safe Harbor Statement:
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

Contact Information