MP Western Properties Inc.

March 30, 2007 13:47 ET

MP Western Properties Inc. (Formerly Fuel Cell Technologies Corporation) Announces 2006 Earnings

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 30, 2007) - MP Western Properties Inc., (NEX BOARD:MPW.H) a Vancouver-based real estate company, announces the results of operations for the year ended December 31, 2006.

The Company is reporting Income from Continuing Operations before Provision for Income Taxes of $3.0 million for 2006 and Net Income from Continuing Operations of $10.7 million. These results are based on nine months operations as a real estate company after completion of the Plan of Arrangement April 1, 2006.

MP Western Properties Inc. owns 17 commercial and industrial properties totalling over 988,000 square feet of rentable space located in the Whistler and Lower Mainland area of Vancouver. All properties are 100% leased.

Contact Information

  • MP Western Properties Inc.
    Mr. Alan Firth
    (604) 732-6540
    (604) 732-6550 (FAX)
    MP Western Properties Inc.
    Mr. Thor Olsen
    Chief Financial Officer
    (604) 732-6540