Cascadia Investments, Inc.: Letter to Shareholders
November 10 2008 - 10:00AM
Marketwired
Cascadia Investments, Inc. (PINKSHEETS: CDIV) is pleased to share
the following letter to its shareholders from its president and
CEO, Nazir Maherali.
Dear Cascadia Shareholders:
Over the past months many of you have contacted the company
wondering what management was doing to create shareholder value in
the midst of all the turmoil in the real estate industry. I would
take this opportunity to offer our prospective on the real estate
market and how we plan to take advantage of the opportunities that
are now becoming available to us.
First and foremost, we need to remember that real state is
local, that is, what is happening in Florida and Nevada does not
necessarily reflect what is happening in Washington State. This is
not to say that we in the Pacific Northwest have been immune from
the downturn. The whole country and parts of the globe are
experiencing foreclosure activity unlike anything in recent memory.
However, most lenders are now beginning to work closely with
property owners to restructure loans and slow down
foreclosures.
We believe that there will soon be exceptional opportunities as
we near the bottom of the market. And while we have seen income
property values go down, we have also seen a dramatic rise in
rental rates. Normally, it can be several years before a newly
purchased rental property begins to show a profit. However, if that
property is significantly undervalued in a market with rapidly
rising rents, an investor can enjoy an immediate return on his
investment. With this in mind, we are now diligently pursuing
undervalued income properties to add to our portfolio -- properties
that promise an immediate and high rate of return.
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.
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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