ORLANDO, Fla., Sept. 28, 2004 (PRIMEZONE) -- Yesterday Fortune Real Estate Development's (Pink Sheets:FRDJ) Chief Executive Officer Delroy Cowan was interviewed by CEOCast. www.CEOcast.com
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CURRENT BUSINESS INFORMATION: Fortune Real Estate Development Corporation (Pink Sheets:FRDJ) specializes in converting hotels into Condotels, a concept that has gained popularity in many international vacation resorts. It involves selling the hotels rooms and suites to individual purchasers, who usually are families interested in a vacation rental, or purchasing a timeshare. The owner has complete discretion over the time they will occupy their Condo, and will receive some income from having it rented out to others during periods when they are not using it. Condotels are attractive for tourist accommodation, as an alternative to regular hotels. They offer the luxury and amenities of a luxury hotel, at an affordable price. Rooms are rented weekly, and services are geared toward families on vacation.
Fortune Real Estate Development is also currently looking into a major conversion project in Ft. Lauderdale, Florida where they hope to turn an apartment building into condominiums for permanent living. For more information visit the company website at www.fortunerealestatedevelopment.com
For Investor information please call 1-888-229-9041, ext. 111
Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.