SOURCE: Shine Holdings, Inc.

June 12, 2007 09:10 ET

Shine Holdings Expands

CARY, NC--(Marketwire - June 12, 2007) - Shine Holdings, Inc. (PINKSHEETS: SHDG), a company creating patented technologies to provide shareholders with capital appreciation and income, has signed a lease for approximately 1,300 square feet of office space in Raleigh, NC at Situs Court, a building owned by Highwoods Properties, the largest owner and operator of commercial real estate in the Southeast.

As a small business in the Raleigh area, Shine Holdings, Inc. has seen tremendous growth since its inception in 2006. Its immediate workforce has doubled, and the company anticipates further expansion in its staff within the year as its patent filings are perfected and the company moves more products into the pipeline. The move into the new office complex is scheduled for July 1, 2007.

Skip Hill, Highwoods Properties vice president, Raleigh division, stated, "We are pleased to welcome Shine Holdings as a new Highwoods customer. As Shine Holdings grows we will be there to meet all of their office space needs."

Brett Swailes, CEO Shine Holdings, Inc. said, "It has long been our intent to have both an office facility that was close to our international airport and to the Research Triangle, but one that would also furnish us with a wet lab for our many water-based projects. We were well pleased with the total presentation we found at Situs Court."

About Shine Holdings

Shine Holdings, Inc. is in the process of perfecting patented treatment processes and devices for fish farming, biodefense, and consumer applications dealing with water usage in commercial, municipal and home markets. The current enterprise was expanded to include provisional patent filings for oxygen and ozone processes in waters used for fish farming as well as those devices used for the protection of water from terrorist attacks.

About Highwoods Properties

Highwoods Properties, a member of the S&P MidCap 400 Index, is a fully integrated, self-administered real estate investment trust ("REIT") that provides leasing, management, development, construction and other customer-related services for its properties and for third parties. As of March 31, 2007, the Company owned or had an interest in 385 in-service office, industrial and retail properties encompassing approximately 33.9 million square feet. Highwoods also owns approximately 625 acres of development land. Highwoods is based in Raleigh, North Carolina, and its properties and development land are located in Florida, Georgia, Iowa, Kansas, Maryland, Missouri, North Carolina, South Carolina, Tennessee and Virginia.

Forward-Looking Statements

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

Contact Information

  • Contacts:

    Shine Holdings, Inc.
    Investor Relations
    919-654-3014

    Highwoods Properties
    Tabitha Zane
    919-431-1529