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CDIV Cascadia Investments Inc (PK)

0.0001
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cascadia Investments Inc (PK) USOTC:CDIV OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0001 0.0001 0.0001 0.00 01:00:00

Cascadia Investments, Inc. Offers Corporate Update to Current and Potential Shareholders

19/11/2008 2:01pm

Marketwired


Cascadia Investments (PK) (USOTC:CDIV)
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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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