ORLANDO, Fla., Nov. 12, 2004 (PRIMEZONE) -- Fortune Real Estate Development Corporation (Pink Sheets:FRDJ) has announced that it is currently finalizing over $500,000 in condo sales resulting from its first two presentations in Florida last week. This campaign is designed to promote the company throughout the U.S. and to educate investors about the plans and direction of the company.
Fortune is a real estate development company that focuses primarily on purchasing hotels and apartment buildings and converting them to condos.
Condo conversion is becoming increasingly popular throughout the United States as the market for these types of condo continue experience explosive growth.
Fortune Real Estate Development Corporation (Pink Sheets:FRDJ) focuses primarily on purchasing hotels and apartment buildings and converting them to condos. These condos are then sold off to individual purchasers. This concept is becoming increasingly popular and has grown tremendously over the past 4 years.
For more information visit: http://www.fortunerealestatedevelopment.com
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.