FIMA, Inc.

October 01, 2009 09:45 ET

FIMA Q2 Numbers Remain Steady Despite Continued Recession

HUNTINGTON BEACH, CA--(Marketwire - October 1, 2009) - FIMA, Inc. (PINKSHEETS: FIMA), an emerging land development company, announced today that in spite of the continued persistent negative economic climate, the Company's assets have remained steady. FIMA management, in order to control expenditures in light of its expectations for the direction of the economy, earlier this year decided upon a strategy that involved the dissolution of certain subsidiaries that were deemed unlikely to produce significant profits within an acceptable time frame. In addition, management revised its strategy in order to take advantage of emerging opportunities. The Company's financials for the second quarter of 2009 have been posted and are available for public view at

According to FIMA President Roy Sahachaisere, "We are very pleased to have been able to retain our financial position in the midst of the widespread economic crises of recent months. Given the way that so many other businesses have suffered, to hold our position while so many others have retreated is, in our opinion, a significant achievement and a validation of our assessment of the market. In addition, this gives us a more solid financial footing from which to pursue some of the opportunities that we have identified in the changing market. We are very confident in the validity of our new direction, and expect to be able to announce further developments in the coming days."

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, resource exploration and development in Central and South America, and the acquisition and development of mining properties and mining rights in Central and South America. FIMA operates several subsidiaries, including a prestigious architectural design and construction firm based in Puebla, Mexico, as well as an integrated resource exploration and mining company with holdings in the prolific gold- and silver-producing regions of Colombia. 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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