LOS ANGELES, CA--(Marketwire - 07/22/09) - Crystal Properties Holdings Inc. (Pinksheets:CPHG - News) ANNOUNCES EXCITING NEWS! The Illinois Governor Pat Quinn signed into law the, "Jobs Now Economic Recovery Act" in the amount of $31 billion. The County in which the Crystal Properties River District Project is located, will be receiving over $400 million for Capital Improvement Projects.
Peter Anello stated that the signing solidifies the city and county's ability to support projects like ours through improvements made in the overall downtown infrastructures, traffic flows and financial assistance with remediation.
The County's Chairman Scott Christiansen said, "One of the largest road improvements is to South Main Street -- from Klehm Arboretum going all the way north to the Village of Rockton. West State Street will also be rebuilt for better access to downtown. Funds are now available for Amtrak and we'll continue to lobby for our fair share for the Chicago/Rockford/Dubuque route. The Metro Centre will also get the necessary funding to complete its renovations, and the River's Edge and Brownfield Project were funded as well. All of these developments will directly affect the area in and around the Crystal Properties" Project. Peter Anello the CEO of Crystal Properties said, "These critical improvements will drastically help advance the project at a much quicker pace."
About Crystal Properties Holdings, Inc.
The Company is focused on aggressively purchasing and selling discounted real estate, real estate portfolios and underdeveloped properties from individual investors, financial institutions, developers and banks.
For Additional Information, go to the Website: www.crystalhg.com
This press release contains certain "forward-looking statements" within the meaning of federal securities laws including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions. Although the Company believes that the statements were reasonable when made, these forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.
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