Cascadia Investments, Inc. Releases Letter to Shareholders
February 10 2009 - 4:24PM
Marketwired
Mr. Maherali, President and Chief Executive Officer of Cascadia
Investments, Inc. (PINKSHEETS: CDIV), today released the following
to shareholders.
To Our Shareholders:
In keeping with our commitment to communicate regularly with our
shareholders, we believed it to be a good time to offer a review of
the past and current market conditions and a look forward to the
New Year.
The real estate sector as a whole has had a very rough year with
the recent events in the financial markets and experts believe that
there is still downside risk as we progress into the New Year,
especially in commercial and high end residential real estate.
As far as the rental real estate sector is concerned, which is
the area that we focus on, we believe that the market is
stabilizing and we are starting to see capitalization rates coming
back in line to historical averages.
With this in mind we welcome the New Year with cautious
optimization as it relates to our local housing market and
specifically to our rental market, where we should see a decrease
of rental stock and upward pressure on rental rates.
Our main focus in 2009 will be to increase our pace of
acquisitions and revenue growth, which should reflect positively on
our stock price and we will also be looking at moving to a senior
exchange, which should also be beneficial.
In conclusion, I want to take this opportunity to thanks all of
our shareholders for their patience and support and hope the New
Year brings happiness and prosperity.
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.
Free Trading Float 22,025,550; Shares Restricted 97,375,000;
Outstanding Shares 119,400,500; Authorized Shares 200,000,000
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
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