SOURCE: Simshabs Capital Partners Ltd.

December 28, 2012 11:50 ET

Simshabs Capital Partners Ltd. ("Simshabs") Is Pleased to Announce Its Intent to Fund, Joint Venture and Develop Residential & Commercial Projects

BROOKLYN, NY--(Marketwire - Dec 28, 2012) - Simshabs Capital Partners Ltd. announces Rafi Weiss, president of Tricon Development Inc., is joining as president. The mandate of the company is severalfold. Such includes providing funding for real estate development, joint ventures and acquisitions of sites as well as already built properties for redevelopment and repositioning in the market. It is expected that within the next several days, Simshabs will be making an announcement of the first project, within which it will be involved in the very near future.

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