SOURCE: Freshstart Properties, Inc.

March 21, 2007 08:30 ET

Freshstart Properties, Inc. Announces Renovation of Investment Property

High Revenue Growth and Increased Assets

TACOMA, WA -- (MARKET WIRE) -- March 21, 2007 -- Freshstart Properties, Inc. (PINKSHEETS: FSPP) announces a renovation project scheduled to start soon. This property is a one-bedroom home located at 6312 South I Street in Tacoma, WA. The home will provide a rental income of $695.00 per month.

Mr. Maherali, President and Chief Executive Officer, stated, "FSPP is at full occupancy with rental properties; this addition will increase revenue growth. Freshstart Properties is continuing to add value to the already stable asset base." The Seattle/Tacoma region is an attractive market for rental properties. South Seattle area is the fastest growing with top employment sectors. An estimated population growth of 4.9% is forecasted by 2009.

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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