Tuesday, August 13, 2002 5:44:29 PM
Business Summary of Newport International Group Inc.
Trades on the NASDAQ Over-the-Counter under ticker symbol "NWPI".
CURRENT BUSINESS INFORMATION: Newport International Group Inc. (NWPI) is a development stage company that intends to become a real estate holding company specializing in large-scale commercial, industrial and residential mixed-use property development. NWPI’s present activities are limited to securing acquisition financing for 2,300 acres located in Sumter County that NWPI proposes to acquire and develop and for the nine residential lots located in Wellington, Florida that NWPI proposes to acquire. NWPI intends to commence operations by purchasing raw land and developing one large mixed-use development and select residential estates.
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