SOURCE: Freshstart Properties, Inc.

March 23, 2007 09:00 ET

Freshstart Properties, Inc. Announces Completed Land Survey

Revenue and Asset Base Continues to Increase

TACOMA, WA -- (MARKET WIRE) -- March 23, 2007 -- Freshstart Properties, Inc. (PINKSHEETS: FSPP) announces that a property line survey has been completed on the property located at 6834 South I Street, Tacoma, WA. This marks the beginning of the Short Platt process. This will create a separate parcel, at which point the company will submit plans for a building permit. The lot value alone will increase to over $100,000.

Mr. Maherali, President and Chief Executive Officer, stated, "This project when completed will add revenue and increase our asset base in the Seattle/Tacoma region, which continues to be an attractive place to invest." Leading real estate advisors state that investors are rushing to invest funds in markets like the Pacific Northwest.

About Freshstart Properties

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

    Project Analyst
    Therese Pershall
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