October 21, 2010 08:45 ET

FIMA Inc. Seeks Motivated Buyers for Veracruz Homes

HUNTINGTON BEACH, CA--(Marketwire - October 21, 2010) - FIMA Inc. (PINKSHEETS: FIMA) is proud to announce that the Company will shortly be announcing discounted pricing of its units in the important coastal city of Veracruz in order to take advantage of the recovering Mexican real estate market. At the moment, management is working with local real estate specialists to establish baseline pricing data, and will be setting its asking price for the Veracruz units within days. FIMA plans on setting a price in relation to the market that will make the units particularly attractive to motivated buyers.

In previous releases, the new units have been completed in a modern aesthetic with all of the amenities. One of the units has been left in such a way as to allow the buyer to select finishings to his or her specific tastes. CEO Roy Sahachaisere states, "The Mexican real estate markets have softened with the US markets, but we believe that the Mexican real estate market is showing signs of recovery, and we would like to take advantage of this upward trend and strike while the iron is hot. We believe that in offering a discounted pricing structure, we will be able to attract motivated buyers. To that end, we are in discussions to engage the services of a globally recognized real estate firm to assist with the market research, marketing and sale of the properties, and as a result are confident that we will be able to finalize a sale of the units in very short order. As soon as that transaction is finalized, which we expect to take place no later than the end of the week, we will announce that as well. Of course, if anyone is looking to relocate to the beautiful port town of Veracruz Mexico, please contact FIMA at"

FIMA Management is currently exploring other opportunities in business to diversify away from an unforgiving global real estate market. The Company hopes to have further updates once this process has evolved.

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. A plan for the Company has been 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:

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.

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