SOURCE: Freshstart Properties, Inc.

March 16, 2007 16:05 ET

Freshstart Properties' Assets Dramatically Increase

True Investments Inc. Considers Long Term Relations

TACOMA, WA -- (MARKET WIRE) -- March 16, 2007 -- Freshstart Properties, Inc. (PINKSHEETS: FSPP). Now that assets are nearing two million dollars, the Marketability of FSPP has become very attractive to outside investors. Talks have occurred over a period of time with the CEO of True Investments, which is strongly considering strengthening its position in FSPP. This week both company owners will be engaging in talks, with a view to an agreement for an alliance.

Mr. Maherali, President/CEO of Freshstart, states, "This meeting is a start to a great relationship which allows for substantial increases in the company's profit and asset base. Freshstart Properties has already surpassed the company's expectations with an asset base nearing two million dollars. And this relationship will only secure and stabilize the significant growth Freshstart Properties is already experiencing."

About Freshstart Properties, Inc.

Freshstart Properties Inc. (PINKSHEETS: FSPP) is a publicly traded, real estate development company operating in the Pacific Northwest. The company's principal objective is to create equity and long-term earnings growth through the acquisition and development or renovation of undervalued and foreclosed real estate.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Contact Information

  • Contact:
    Freshstart Properties, Inc.
    Nazir Maherali
    Tel: 253-383-7194

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    Therese Pershall
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