Cascadia Investments, Inc. Reaches Milestone
March 25 2009 - 8:15AM
Marketwired
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
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