Cascadia Investments, Inc. Offers Corporate Update to Current and Potential Shareholders
20 November 2008 - 1:01AM
Marketwired
Cascadia Investments, Inc. (PINKSHEETS: CDIV) announced today that
the company, as stated in previous releases, is currently in the
process of strategically positioning the company to take advantage
of the impending market bottom and the resulting opportunities.
Several targeted acquisitions are currently being assessed and
Cascadia is positioning itself to reap the benefits by increasing
assets at advantageous prices.
This year, foreclosure rates are up 82.6% year-to-date compared
with the same time a year ago. Foreclosures remain on track to
surpass 1 million by the end of the year. Pre-foreclosures, which
include notices of default and/or foreclosure auction prior to
actual foreclosure, are expected to end up at a record 2 million
according to Foreclosures.com reports.
"We are currently anticipating, due to current market
conditions, the increase of our investment portfolio by more than
double within the next year," stated Nazir Maherali, CEO and
President of Cascadia Investments, Inc. "It is a top priority of
management to meet our fiduciary obligation to shareholders by
continuing to increase shareholder value. The market cap of the
company is currently less than 25% of the total revenue generating
assets of more than $2,500,000."
Mr. Maherali continued, "We will strive to update shareholders
in a timely fashion as we select individual properties that we feel
will offer larger returns on investment, or R.O.I. As we close on
these properties will keep the public abreast of the added asset
value to our portfolio. The primary method of communication will be
through consistent press releases and also through our website at
www.cascadiainvestmentsinc.com. Watch for updates on the website,
including the creation of a new CEO Corner."
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.
Cascadia Investments, Inc. Tel: 253-383-7194
www.cascadiainvestmentsinc.com
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