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Cascadia Investments, Inc.: Cascadia Investments, Inc. Acquires Another Property for Its Portfolio

^{Published on 2009-05-19 06:25:45, Last Modified on 2009-05-19 06:26:30 - Market Wire}
 

TACOMA, WA--(Marketwire - May 19, 2009) - As part of its ongoing strategy to build a portfolio of rental properties in the Pacific Northwest, Cascadia Investments, Inc. (PINKSHEETS: [ CDIV ]) announces the acquisition of a two bedroom, one bath home in Tacoma, WA. This property is located at 2902 south 15 in Tacoma. The property also has the potential to be rezoned to add another dwelling. The purchase price was $71,000. The property is currently rented for $595. The acquisition is expected to be finalized within the next thirty days.

This acquisition puts us at $3,000,000 worth of properties, which we have acquired to date.

Mr. Maherali, President and Chief Executive Officer, stated, "We will continue adding assets like this one to our rental portfolio. The multi-family sector in the Tacoma area continues to be stable as vacancy rates have tightened and demand is still strong."

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.

Cascadia Investments, Inc. generates profits based revenues and currently has no need for dilutive financing, and furthermore, will continue to operate with an un-gagged transfer agent, thereby maintaining complete corporate transparency.

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.