SOURCE: Freshstart Properties, Inc.

March 30, 2007 08:30 ET

Freshstart Properties, Inc. Assets Valued Over $1.8 Million

Cash Flow Is Increasing and Exceeds Expectations

TACOMA, WA -- (MARKET WIRE) -- March 30, 2007 -- Freshstart Properties, Inc. (PINKSHEETS: FSPP) once again exceeds expectations. FSPP has increased its asset base by $1.8 million in only one month. Returns from property acquisitions alone are averaged to 20.5%. Revenue streams on rental properties continue to increase. FSPP has another two projects to start in early April.

Leading real estate advisors have stated that coming into 2007 vacancy has dropped from 4.7% to 3.5% and rents are projected to increase by 4% every six months. The Puget Sound area for multi-family housing is far ahead of historic rates. This will continue to grow with an estimated 52,000 jobs coming to the Pacific Northwest.

Mr. Maherali states, "It definitely makes a difference that FSPP is located in the Tacoma area. The real estate market is phenomenal; and Freshstart Properties has set its pace in the playing field. FSPP will continue to increase profit and asset base. Over the last two years the demand for properties has increased 20%. Investors have proven that this region is in demand for immense opportunity."

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.

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