Cascadia Invsts Inc New (OTC) (USOTC:CDIV)
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2 Years : July 2008 to July 2010
Cascadia Investments, Inc. (PINKSHEETS: CDIV)
announced today that their assets are valued at $2,713,000 as of year end
2008. The company has 12 properties which consist of 25 rental units. Its
projected outlook for 2009 is to continue its aggressive growth for
acquiring holdings in the Seattle and Tacoma markets. Local experts
indicate that rent prices in the Seattle/Tacoma area have risen 5% while
vacancy levels have declined in some parts of the Pacific Northwest to just
below 4%.
Currently, the company's management is focused on attractive opportunities
in the residential rental market. Cascadia Investments expects a
significant increase in revenue along with strengthening its asset base.
Cascadia Investments, Inc. intends to expand the rental property portfolio
in excess of 25% during the fiscal year of 2009, thus increasing revenues
in a proportionate amount.
President and Chief Executive Officer, Mr. Maherali, states, "We will
continue to build our asset base and focus on growing our revenues. The
news announced on Monday by the current administration bodes particularly
well for the real estate industry as a whole and puts real estate on the
mend. The action of the fed will put a backstop to mortgage defaults and
our industry is going to benefit tremendously and it looks like this could
be the start of the recovery."
About Cascadia Investments, Inc.
Cascadia Investments, Inc. (PINKSHEETS: CDIV) 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.
Cascadia Investments, Inc. generates profits based revenues and currently
has no need for dilutive financing, and furthermore, will continue to
operate with an un-gagged transfer agent thereby maintaining complete
corporate transparency.
Cascadia Investments, Inc. is currently in process of buying shares on the
open market and eliminating Private Share Placement debt. We look forward
to updating shareholders in the very near future as to the progress of this
initiative.
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:
Cascadia Investments, Inc.
Tel: 253-383-7194
www.cascadiainvestmentsinc.com
