Replies to post #744 on Archie's Corner (POW)

[Archangel]

NRES news:

National Residential Properties, Inc. Announces Last Day to Buy Pre-Split Stock, Jan. 22, 2001 Headlines

MIAMI--(BUSINESS WIRE)--Jan. 22, 2001--Richard Astrom, President and CEO of National Residential Properties, Inc. (OTCBB: NRES), formerly (OTCBB: NRPL), announced today that "January 22, 2001 is the last day to buy pre-split stock." Astrom further said "February 1, 2001 is the date of distribution for the 3-for-1 forward split of the Company's Common Stock." Astrom further stated that "all holders of record of Common Stock, as of January 22, 2001 will receive 2 additional shares of Common Stock by February 1, 2001."

This release emphasizes the company intention to keep NRPI investors informed about company operations. ABOUT THE COMPANY

NRPI, based in Miami, is a fully reporting company. The company's business is real estate development. NRPI projects are: building a 60 unit luxury apartment house in Miami known as GRANADA GRAND, mortgage commitment and funding will generate $7,000,000 revenues and $2,500,000 net income in 2001; building a 60 unit luxury apartment house in Miami known as CONQUISTADOR PLAZA, generating $7,000,000 revenues and $2,500,000 net income in 2001; Now under construction, the company is developing a subdivision in Vero Beach, Florida, known as EAGLE TRACE. EAGLE TRACE is a heavily deed restricted, walled, gated community with a lake in the center. NRPI will build houses and sell lots to other builders. The sale of the lots in EAGLE TRACE will generate $1,500,000 net income in year 2001. A 60 unit condominium project known as COSTA DEL SOL, located on Bay Harbor Island, which will generate $10,000,000 in revenues and a $3,000,000 profit to the company in year 2002; A 70 unit apartment house in Miami known as BARCELONA APARTMENTS, GENERATING $8,000,000 revenues and $3,000,000 net income in 2002. ENCORE SERVICES, INC. is a licensed Florida contractor, which is licensed to obtain building permits and will build the company developments.

The company is seeking acquisitions and land for real estate developments.

Forward-looking statements in this press release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, competition, completion problems, technological changes and other risks.