Cascadia Investments Provides Update
16 April 2009 - 3:30AM
Marketwired
Cascadia Investments, Inc. (PINKSHEETS: CDIV) It has come to
management's attention, that there is some confusion amongst the
investor community concerning Cascadia Investments, Inc. and the
properties in its current portfolio. The main source of confusion
is that the tax records indicate the previous owners are on title.
The way most of the properties are purchased is by the way of an
agreement of sale or what is commonly referred to as a "wrap
agreement" and or a lease purchase agreement where by the purchaser
has a right to the property and all of the equity growth. Cascadia
maintains the properties, leases it out and collects all rents.
The many reasons for acquiring properties in this manner are
that it doesn't require bank financing, which in the recent past
has been very difficult to obtain, and the company doesn't have to
do any toxic financing, which would dilute the shareholders
equity.
The other concern expressed by shareholders is the difference
between the assessed values of the properties and their purchased
price. Historically, assessed values on which taxes are based have
always been lower than the market value because they can lag behind
by as much as ten years to what is really happening in the market.
Cascadia has always made it a policy to only acquire properties at
or below a market value that is based on comparables of similar
properties sold in the neighborhood. With the recent changes in the
housing market, however, we expect the current assessed values will
begin to more closely reflect the actual property value.
"We hope this clears up any confusion within the investor
community as our intention is to always keep investors up to date
on their investments," stated Mr. Maherali, president and C.E.O. of
Cascadia Investments, Inc.
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. is continuing its open market share
buy-back initiative to reduce float count and increase shareholder
value. We look forward to updating you on the continued progress of
this initiative.
Cascadia Investments, Inc. generates profit-based revenues and
currently has no need for dilative financing, and furthermore, will
continue to operate with an un-gagged transfer agent thereby
maintaining complete corporate transparency.
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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