Any one out there at the NRP in an Costa Rican investment. Equity grouth potential due to our pioneer stage. Www.EcologicalRealEstate.com

Castle for sale 2.1M

Lake Arrowhead, ca
BEAUTIFUL...

4200 SQ.FT + 1/2 ACRE LOT

3BDRM+ BATH TAKE A QUICK LOOK

WWW.MYSPACE.COM/REALESTATEPROPERTY


CONTACT: theeasysolution@excite.com 714.448.6457
________________________________________________________________

HOLBROOK, ARIZONA

1.25 ACRE LOT(S) ONLY $8,000 PER LOT (14 AVAILABLE)

___________________________________________________

ADELANTO, CALIFORNIA

2.5 ACRES FOR SALE $95,000

____________________________________________________

.0002 Seeing action - Cover time before RS?

These thiefs took me also. so many promises of stock dividends that never showed up. their website that lasted about 5 months before they shut down the chat board becuase of people like myself that wanted to know what was going on. thank fully i got in cheap 5 cents a share. was hopeing that it would hit a bcuk and i was gone....

I have 15,000 shares and I am just getting back in the market. I bought these share a couple of years ago. According to MyTrack they are now worth $2. I have tried to find current information on them. .... can anyone make some suggestions...?

Gerald

I have 500,000 shares of NRES, got it cheap and just wanted to see where it would go. Does anyone have some real info on this company other than the propaganda on their site? I have seen no news for a couple years now.

I own around 55,000 shares of NRES, at one point it was well over 90,000. Of course this was back before it dropped down to the sub-dirt level. I realized something was going on well before it actually occurred and wrote Mr. Astrom to release a set of financials to me as a shareholder. He never responded, and there was never even a chance to cast my vote as a shareholder. Heck, even the meetings were held in secret from what I can tell. I was never addressed on any correspondence from the company, yet the financials kept being padded. Eventually I got fed up and wrote the Securities Exchange on the matter. Definitely stay away from this problem child. To Mr. Astrom, I hope the deceit you caused your investors serves as some form of punishment when you reach your end.

Here is why I like this stock, excuse me for the cut and paste.
Reference NRES

http://www.investorshub.com/boards/read_msg.asp?message_id=2308699

It has been a long time between post.

It appears, repeat it appears that this one is up to something and or I am completely wrong.

However, I will start the next approach to higher values.

ALL NRES (NRESE) SHAREHOLDERS PLEASE READ:

The shareholders of National Residential Properties NV, Inc.--OTCBB: (NRESE) have requested extensive investigations into the deliberate and continuous misappropriation, false and misleading statements, fraud and extorsion by Richard and Christopher Astrom and other management involved with, but not limited to all aspects of NRES, NRPI, VAOM, GNCP and all former and future corporate dealings, acquisitions and mergers of Richard and Christopher Astrom and any other business dealings associated with Richard and Christopher Astrom and subordinates.

Here are the responses as of 11-26-2001:

United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

HO-324525

October 12, 2001

Edwin A. Johnson, Chairman
Office of the Chairman
NRES Shareholders Committee
1956 F Street, Suite 4
Lincoln, Nebraska 68510-2881


Dear Mr. Johnson:

Thank you for sending us your September 1, 2001 letter concerning National Residential Properties NV, Inc.
We welcome hearing from you because we keep a database of information about the complaints and inquiries we receive.
This database allows us to track whether a troubling situation may be developing about a particular issue, company, broker, stock, or other securities product. The information you have provided will be reflected in our database.

Once again, thank you for sending us a copy of your letter.


Sincerely,
//as signed by himself//
S. Philip Neri
Investor Assistance Specialist


------------------------------


Florida Department of Agriculture & Consumer Services
CHARLES H. BRONSON, Commissioner
The Capitol* Tallahassee, Florida

November 2, 2001

Division of Consumer Services
Second Floor, Mayo Building
Tallahassee, Florida 32399-0800
1-800-HELP-FLA

DEPARTMENT OF BANKING AND FINANCE
DIV. FINANCIAL INVESTIGATIONS
101 EAST GAINES STREET, #516
TALAHASSEE, FL 32399-0350


In Reply Refer To:
01-10-32524/BCB

Consumer: MR. EDWIN A. JOHNSON

Business: NATIONAL RESIDENTIAL PROPERTIES NV, INC.

The Division of Consumer Services has received a complaint on a subject which appears to fall within the jurisdiction of your agency. A copy is enclosed to assist you in working with the parties involved. The complainant is being advised that future correspondence should be addressed to you.

I would appreciate you informing the complainant and me of the disposition of this matter. If you have questions regarding this file, please contact me.

Your cooperation will be appreciated.

Sincerely,

CHARLES H. BRONSON
COMMISSIONER OF AGRICULTURE

Ben C. Brown
(MS.) Ben C. Brown
Regulatory Specialist III
850-410-3694/1-800-435-7352 (Florida Only)
E-Mail: brownb@doacs.state.fl.us

CC:
MR. EDWIN A. JOHNSON
1956 F STREET SUITE 4
LINCOLN, NE 68510

------------------------

United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

HO-329058

November 2, 2001

Edwin A. Johnson, Chairman
Office of the Chairman
NRES Shareholders Committee
1956 F Street, Suite 4
Lincoln, Nebraska 68510-2881

Dear Mr. Johnson:

Thank you for sending us your October 10, 2001 in which you requested that we investigate National Residential Properties NV, Inc. for alleged improprieties.

We will carefully consider your request for an investigation. However, we cannot tell you whether or not we will--or have already begun to--look into the issues raised in your letter. This is because the SEC conducts its investigations on a confidential basis. We also cannot provide you with updates on the status of your complaint. We know this policy can be frustrating, but it protects the integrity of our investigative process and preserves the privacy of the individuals and entities involved.

Once again, thank you for writing to us.

Sincerely,
//as signed by himself//
S. Philip Neri
Investor Assistance Specialist


We currently have 2 law firms working together on this, including the SEC and other State and Government agencies.

The lead attorney is Gregory D. Barton

HARDING SHULTZ & DOWNS
800 Lincoln Square
121 So. 13th Street
P.O. Box 82028
Lincoln, NE 68501-2028
e-mail: gbarton@hsdlegal.com
website: www.hsdlegal.com
Ph: (402) 434-3000
Fax: (402) 434-3030

Attorney Barton has been forwarded all SEC filings, Press Releases, Response Letters, Shareholder Information and Comments pertaining to NRPI, NRES, GNCP, VAOM and all other present and former Corporate dealings of Richard & Christopher Astrom and subordinates.

At this time Attorney Barton is going over the 10KSB and 10KSB/A that was filed on 1-25-2002.

I will be filing a class action lawsuit, on behalf of the shareholders.

Attorney Barton is waiting until the SEC is finished with their investigation, to cut down on the legwork required.

When the suit is filed, it will come across the news wires.

If you would like to participate, you will have to answer the petition and be holding or have held shares between the class periods, in the information.

Best Regards,

Edwin A. Johnson
Chairman
NRES Shareholder Committee
tokenjo@cornhusker.net

NRES Announces Delay In Share Dividend Payment

MIAMI--(BUSINESS WIRE)--Jan. 10, 2002--National Residential Properties, Inc. (OTCBB:NRES.OB - news), announced today that the common stock dividend of 1/10th share for each share of common stock payable to holders of record on November 19, 2001, could not be paid on January 10, 2002, the scheduled payment date. On December 6, 2001, the Company filed an Information Statement on Schedule 14C to increase its authorized common stock for purposes of, among other things, making available sufficient shares of common stock to pay the shareholder stock dividend. The Securities and Exchange Commission has asked the Company to amend its Information Statement. Until such time as that amendment is filed with and accepted by the Commission, the Company will be unable to pay the common stock dividend.

This document contains certain forward-looking statements regarding NRES, including statements about its operations, prospects and expectations about future financial results, including, but not limited to future revenues and earnings. The words ``estimate,' ``anticipate,' ``possible,' ``seeking' and similar expressions identify forward-looking statements which speak only as to the date the statements are made. These forward-looking statements involve risks and uncertainties which could cause actual results to differ materially and are subject to change at any time. NRES's actual results could differ materially from expected results. NRES undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2000, filed with the Securities and Exchange Commission as well as subsequent reports filed on Forms 8-K and 10-QSB.



--------------------------------------------------------------------------------
Contact:

National Residential Properties, Inc., Miami
Richard Astrom, 305/573-8882, Fax 305/573-5164
Web Page http://www.nresp.com


http://biz.yahoo.com/bw/020110/102329_1.html

Yes, I still have, bought all the way down. My last buy was at .0004 ... how much more can it go down? If they r/s, oh well, another AMJC.. if they go BK, oh well, another LUMTq. What are ya goona do.

I bought after the last div announcement, and my last buy at .0004 is after that date they announced. So I'll only get like a cup of coffee worth of dividend. Whoopeee. Cream with that?

Hello, six.. good to see you posting here...

have had your alias highlighted on RB for quite a while
as one of the few worth readin' over there...

Best'o'luck and take care...
George

But wasn't there a 10% dividen payment announced sometime last spring? The shareholders should have gotten that already.

Joemoney

Richard Astrom's Corporate History:
1.
Name:CARIBBEAN REAL ESTATE CENTER, INC.
Date:06/14/1971
Status:Inactive
Last event:Involuntarily Dissolved
Event Date:12/05/1979
Officers:
P-D Richard Astrom
D Pamela Astrom
Address:
13010 Miranda st.,Coral Gables,Fl.33156
***

2.
Name:PAM-LYN REAL ESTATE CORPORATION
Date:11/12/1971
Status:Inactive
Last event:Involuntarily Dissolved
Event Date:12/01/1977
Officers:
P-D Richard Astrom
V-D Elliot Rudich
S-D Carmen Astrom
Address:
2520 So.Dixie Hwy.Miami,Fl.33133
***

3.
Name:A AND J DEVELOPMENT CO., INC
Date:05/10/1972
Status:Inactive
Last event:Cancel for Non-payment
Event Date:12/11/1976
Officers:
P-D Richard Astrom
V-D Pamela Astrom
S-D Park T. Jones
Address:
2520 So.Dixie Hwy.Miami,Fl.33133
***

4.
Name:CARIBBEAN INTERNATIONAL INVESTMENTS CORPORATION
Date:03/29/1973
Status:Inactive
Last event:Cancel for Non-payment
Event Date:09/03/1976
Officers:
P-D Richard Astrom
V-D Elliot Rudich
S-D Carmen Astrom
Address:
2520 So.Dixie Hwy.Miami,Fl.33133
***

5.
Name:CHRISTOPHER INSURANCE AGENCY, INC.
Date:01/14/1974
Status:Inactive
Last event:Involuntarily Dissolved
Event Date:12/14/1982
Officers:
P James Asher
D Richard Astrom
V-S-D Sidney Pasternak
Address:
8456 Bird Rd.Miami Fl.
***

6.
Name:SOUTHERN STATES TITLE COMPANY
Date:06/08/1976
Status:Inactive
Last event:Cancel for Non-Payment
Event Date:12/01/1977
Officers:
P-S-D Richard Astrom
Address:
2520 So.Dixie Hwy.Miami,Fl.33133
***

7.
Name:MATHEW RICHARD, INC.
Date:11/14/1978
Status:Inactive
Last event:Involuntarily Dissolved
Event Date:12/14/1982
Officers:
P-D Richard Astrom
D Pamela Astrom
Address:
13010 Miranda St.Coral Gables,Fl.33156
***

8.
Name:FLORIDIAN VILLAS CONDOMINIUM ASSOCIATION INC.
Date:08/28/1981
Status:Inactive
Last event:Admin Dissolution
Event Date:08/23/1996
Officers:
P-D Richard Astrom
S-d Pamela Astrom
D Christopher Astrom
Address:
641 W.68st.Hialeah,Fl.33014
***

9.
Name:TWIN OAKS RESOURCES, INC.
Date:09/11/1986
Status:Inactive
Last event:Admin Dissolution
Event date:08/13/1993
Officers:
P-D Richard Astrom
D Pamela Astrom
Address:
641 W.68st.Hialeah,Fl.33014
***

10.
Name:NORTH BAY FINANCIAL, INC.
Date:01/25/1988
Status:Inactive
Last event:Admin Dissolution
Event Date:08/25/1995
Officers:
D Richard Astrom
D Pamela Astrom
Address:
647 W.68th St..Hialeah,Fl.33014
***

11.
Name:MIAMI HOMES SOUTH, INC.
Date:04/06/1989
Status:Inactive
Last event:Admin Dissolution
Event Date:08/13/1993
Officers:
D Richard Astrom
Address:
647 W.68th St..Hialeah,Fl.33014
***

12.
Name:CHICAGO RESOURCES, INC.
Date:04/28/1989
Status:Inactive
Last event:Admin Dissolution
Event Date:08/13/1993
Officers:
D Richard Astrom
D Gerald Mayer
Address:
647 W.68th St..Hialeah,Fl.33014
***

13.
Name:MIAMI HOMES SOUTH TWO, INC.
Date:08/15/1990
Status:Inactive
Last event:Admin Dissolution
Event Date:10/09/1992
Officers:
D Richard Astrom
Address:
647 W.68th St..Hialeah,Fl.33014
***

14.
Name:DELAWARE VALLEY CORPORATION
Date:08/15/1990
Status:Inactive
Last event:Admin Dissolution
Event Date:08/13/1993
Officers:
D Richard Astrom
Address:
647 W.68th St..Hialeah,Fl.33014
***

15.
Name:DEL PRATO, INC.
Date:04/18/1991
Status:Inactive
Last event:Admin Dissolution
Event Date:08/26/1994
Officers:
D Richard Astrom
Address:
647 W.68th St..Hialeah,Fl.33014
***

16.
Name:INVEST 702, INC.
Date:09/03/1991
Status:Inactive
Last event:Admin Dissolution
Event Date:08/26/1994
Officers:
D Richard Astrom
Address:
647 W.68th St..Hialeah,Fl.33014
***

17.
Name:NATIONAL REHAB PROPERTIES, INC.
Date:10/01/1993
Status:Inactive
Last event:Merged
Event Date:01/17/1995
Officers:
D Richard Astrom
D Pamela Astrom
Address:
647 W.68th St..Hialeah,Fl.33014
***

18.
Name:NATIONAL RESIDENTIAL PROPERTIES, INC.
Date:08/17/1995
Status:Active
Last event:Name Change Amendment
Event date:12/07/2000
Officers:
P-D Richard Astrom
V-S-D Christopher Astrom
D- Braulio Gutierrez
Address:
2921 NW 6 Ave.Miami,Fl.33127
***

19.
Name:CONNECTICUT ACQUISITION CORP.NO.1
Date:05/28/2001
Status:Dissolved
Last event:Merged into NRES with $1,000,000 CD
Event date:
Officers:
P-S-T Richard Astrom
Address:
202 N.Curry St.Ste.100,Carson City,NV.89703
***

20.
Name:SENIOR ADULT LIFESTYLE, INC.
Date:08/16/2001
Status:Active
Last event:
Event date:
Officers:
P- Richard Astrom
S-T Christopher Astrom
Address:
2921 NW 6 Ave.Miami,Fl.33127
***

21.
Name:VAOW ACQUISITION CORP.
Date:09/04/2001
Status:Active
Last event:
Event date:
Officers:
P-D Richard Astrom
Address:
2921 NW 6 Ave.Miami,Fl.33127
***

22.
Name:VACATION OWNERSHIP MARKETING, INC.
Date:09/04/2001
Status:Active
Last event:
Event date:
Officers:
P- Braulio Gutierrez
V-T Patricia Gutierrez
D-S Christopher Astrom
D- Richard Astrom
Address:
2921 NW 6 Ave.Miami,Fl.33127
***

23.
Name:HOLLYWOOD METALS ACQUISITION CORP.
Date:10/12/2001
Status:Active
Last event:
Event date:
Officers:
P-D Christopher Astrom
S-D Richard Astrom
T-C-D Harold Solomon
Address:
5801 Wiley St.,Hollywood,Fl.33023
***

24.
Name:DC POWER PRODUCTS ACQUISITION CORP.
Date:10/16/2001
Status:Active
Last event:Merged into NRES with $1,000,000 CD
Event date:11/5/2001
Officers:
P-S-D Richard Astrom
T-D Christopher Astrom
Address:
2921 NW 6 Ave.Miami,Fl.33127
***

25.
Name:Senior Lifestyle Communities Inc.
Date:11/5/2001
Status:Active
Last event:
Event date:
Officers:
P-C Richard Astrom
S-D Christopher Astrom
Address:
2921 NW 6 Ave.Miami,Fl.33127
***

26.
Name:GENESIS CAPITOL CORP OF NEVADA
Date:10/30/2001
Status:Active
Officers:
P- Richard Astrom
D-S Christopher Astrom

NRES info and links for Newbies:
NRES Time Line From 12/21/2000 to Present:
This post has been updated to include filings as well as open and closing prices on corresponding dates as to give a better overall view as to how Astrom's plan has played out. Also it will give you a better understanding as to cause and effect of the price


The following is strickly my opinion based on what has transpired over the last 12 months from public information made available in PR's,SEC filings,NRES website,and the Hebron Town Clerk.

I believe this scenario closely depicts the actual chain of events

Richard Astrom and Nathan Kahn meet sometime in November-early December. Kahn tells Astrom about his idea for Connecticut and how much money would be needed to pull it off. Astrom wants a piece of the pie,but doesn't have the cash,equity,or shares to put up.So the plan goes into action. Phase1.Increase the authorized..but first get the shareholders in a good frame of mind so Dec.21.2000 NRES authorizes a forward split and kill two birds with one stone,thereby increasing the authorized shares from 250 mil to 750 mil.

Filing: Jan.25,2001 8K Amended Current Report

During January,Astrom creates Connecticut Acquisition Corp No.1. In the mean time Kahn is putting the deal together in Connecticut through a Kahn Entity known as CT Adult Condominiums LLC

February 2,2001 the 3 for 1 split takes effect, in the meanwhile Nathan Kahn through his group Loveland Hills LLC buys the Hebron property at Loveland Rd.and Route 66. Now the push is on Astrom has to come up with the money,so it's time to drive the stock price up.Phase 2 begins
Share price: Feb.2,2001 O.0156 C.0156 Vol.30,495,000
Filing: Feb.2,2001 8K Amended Current Report
Filing: Feb.13,2001 NT 10-Q Notification of Late Filing
Share price: O.008 C.01
Filing: Feb.20,2001 10QSB Quarterly Report
Share price: O.008 C.009
Filing: Mar.1,2001 8K Current Report
Share price: O.005 C.005
Sidenote:As of 3/31/2001 O/S 456,900,950 A/S 750,000,000
Now the PR blitz starts in earnest

PR April 2,2001 Board of Directors meet to discuss Dividend
Share price:April 2,2001 O.003 C.003 Vol.26,760,400

PR April 10,2001 NRES signs Roof Top Leases
Share price:April 10,2001 O.006 C.008 Vol.38,629,300

Note: April 12 Connecticut Acquisition Corp No.1 gets a loan by putting up a $1,000,000 CD
Share price:April 12,2001 O.008 C.007 Vol.15,753,500

April 14,2001 Board of Directors Approve 10% Dividend
Share price:April 16,2001 O.007 C.006 Vol.15,987,800
Note:WWW.NRESP.com Launched

April 19,2001 NRES announces joint venture with Adult Communities Developer in Connecticut
Share price:April 19,2001 O.005 C.006 Vol.17,321,000

April 23,2001 Concrete poured at Conquistador Plaza
Share price:April 23,2001 O.006 C.006 Vol.9,770,400

Sidenote:As of 4/30/2001 O/S 512,158,631 A/S 750,000,000

Last week of April Astrom is in Connecticut meeting with Kahn. Loveland Hills LLC sells the Hebron property to Connecticut Acquisition Corp No.1 who files a quit claim deed May 4th (According to Hebron Town Clerk)

May 4,2001 PR NRES closes on Hebron property.
Share price:May 4,2001 O.007 C.008 Vol.12,825,500

May 8,2001 Connecticut Acquisition Corp.No.1 is merged into NRES with NRES assuming all debts and convert the CD into NRES stock.
Share price: May 8,2001 O.008 C.007 Vol.18,038,800
Dilution starts

Knowing full well the negative impact the CD will cause,Astrom implements Phase 3 "damage control"

May 9,2001 PR Richard Astrom interviewed by CEOcast.com (took place on May 8)
Share price: May 9,2001 O.008 C.008 Vol.7,922,300

Filing:May 15,2001 NT 10-Q Notification of Late Filing
Share price: O.005 C.004
May 16,2001 PR NRES signs contract to sell CT interest for $1,315,000 profit THIS FILING STATED THE CT LAND WAS TO BE SOLD TO SENIOR LIFESTYLE COMMUNITIES WHICH THE SHAREHOLDERS DID NOT KNOW IS ACTUALLY CHRISTOPHER ASTROM
Share price: May 16,2001 O.008 C.007 Vol.36,201,600

Filing:May 18,2001 10QSB Quarterly Report
Share price: O.006 C.005
Filing:May 25,2001 8K Current Report
Share price: O.004 C.004
May 30,2001 PR NRES announces Conquistador Plaza 1 week ahead of schedule
Share price:May 30,2001 O.005 C.004 Vol.59,111,000

Note: At this point damage control is no longer working,Astrom virtually disappears as shareholders voice their anger

June 8,2001:Board of Directors Doubles Authorized to 1,500,000,000 Shareholders are still under the assumption that the A/S is still 750,000,000 But in a bit of Legal manuvering allowed in the by-laws Richard and Chris Astrom with the CD holder who at this point is the majority
shareholder vote in quorum to raise the A/S

Share price: O.003 C.003
June 13,2001 PR NRES announces Common stock Buyback program authorized
Share price:June 13,2001 O.003 C.003 Vol.119,942,304

June 26,2001 PR NRES announces Phase2 Hebron contracts to buy 20 acres
Share price:June 26,2001 O.003 C.003 Vol.23,755,400

Sidenote:As of 6/30/2001 O/S 977,005,274 A/S 1,500,000,000
(This was not public knowledge)

July 12,2001 PR NRES announces All debts incurred by the CD paid off
Share price:July 12,2001 O.002 C.003 Vol.84,661,904

Note: NRES website discussion board removed due to overwhelming negative responses

July 17,2001 Astrom states during webcast the A/S is 750,000,000 one month nine days after the increase knowing full well this was not true

Filing: July 23,2001 8K Current Report

July 24,2001 PR NRES announces start of 3rd level at Conquistador Plaza
Share Price: July 24,2001 O.003 C.003 Vol.22,475,600
Filing: Aug. 9,2001 8K Current Report
Filing: Aug. 10,2001 8K Current Report
Filing: Aug. 15,2001 NTN 10QSB Notification of Late Filing

Aug.16,2001 Senior Adult Lifestyles Inc. incorporated in NV
Officers are:
President-Richard Astrom
Sec.-Trea.-Christopher Astrom

Aug.16,2001 Senior Lifestyles Communities Inc. incorporated in NV
Officers are:
Pres.-Sec.-Trea.-Christopher Astrom

Filing: Aug. 17,2001 10QSB Quarterly Report, increase in A/S becomes public knowledge

Aug.23,2001 VAOM does 1 for 20 reverse split
Aug.24,2001 VAOM files 10K

Aug.30,2001 Diamond Star Funds incorporated in Delaware
Officers:
Pres-Sec-Trea-Dir-Christopher Astrom

Aug.30,2001 Seahorse of Coral Gables Inc. incorporated in Delaware
Officers:
Pres-Sec-Trea-Dir-Christopher Astrom

Sept.4,2001 VAOM is registered at Florida Dept.of Corp.
Officers:
President-Braulio Gutierrez
VP-Patricia Gutierrez
Director-Richard Astrom
Director-Christopher Astrom
Sept.5,2001 PR NRES announces Eagle Trace 75% complete, Conquistador Plaza 35% complete
Share Price: O.0024 C.0027 Vol.18,389,300

Sept.10,2001 Day before World Trade Center Attack
Share Price: O.0026 C.0023 Vol.6,406,000

Sept.12,2001 Hollywood Metals Acquisition Corp. NV corp filed in Fla.
Officers:
Pres-Dir- Christopher Astrom
Sec-Dir- Richard Astrom
Trea-Comp-Dir- Harold Solomon

Sept.16,2001 DC Power Products Acquisition Corp.incorporated in Fla.
Officers:
Pres-Sec-Dir-Richard Astrom
Trea-Dir- Christopher Astrom

Sept.18,2001 PR NRES announces 6 house to start at Eagle Trace
Share Price: O.0026 C.0027 Vol.10,239,000

Sept.26,2001 PR NRES announces sale of Granada Grand to VAOM for stock
Share Price: O.0025 C.0024 Vol.12,809,000

Sept.27,2001 VAOM files 8K dated 9/19/2001
Oct.01,2001 VAOM files 8K dated 9/27/2001

Oct.02,2001 PR NRES announces NRES will recieve stock at 50% discount
Share Price: O.0022 C.0021 Vol.6,512,800

Oct.9,2001 VAOM files 8K
Oct.11,2001 VAOM (4) copies Form 3 Init.Statement of Beneficial Ownership are filed
1.Braulio Gutierrez- Pres.
2.Christopher Astrom- Dir/Sec
3.Richard Astrom- Dir
4.Patricia Gutierrez- VP
Oct.11,2001 VAOM (2) SC 13D General Statement of Beneficial Ownership are filed
Oct.15,2001 Vaom NT 10-Q Notice of Late filing

Oct.30,2001 PR NRES Acquires Capitol Guard Corp.
Share Price: O.0024 C.0022 Vol.11,887,200

Nov.2,2001 GNCP files SC13D Gen.State.of Beneficial Ownership..Chris Astrom Preferred stock
Nov.2,2001 GNCP files SC13D Gen.State.of Beneficial Ownership..Chris Astrom Common stock
Nov.2,2001 GNCP files Form 3 Init.State.of Beneficial Ownership..Richard Astrom / President
Nov.2,2001 GNCP files Form 3 Init.State.of Beneficial Ownership..Chris Astrom / Dir-Sec

Nov.5,2001 D C Power Products merges into NRES,NRES starts converting 8% $1,000,000 CD

Nov.14,2001 PR GNCP purchases CT Land from NRES
Nov.12,2001 PR NRES sells Connecticut Properties to GNCP for $2,000,000 in stock
NRES PR fails to mention that the stock is restricted for one year,Therefore NRES
won't see a profit till Nov.12,2002
Share Price: O.0014 C.0014 Vol.21,026,500

Dec.4,2001 According to:
Planner of the Day
Indian River County Planning Division
1840 25th Street, Vero Beach, FL
561-567-8000, ext. 259

They have applied for their
Land Development Permit but have not submitted for Final Plat approval.
Lots cannot be sold until the Final Plat has been approved by the Board of
County Commissioners and the plat has been recorded.
Share Price: O.0003 C.0004 Vol.77,773,900

Dec.6,2001 NRES files Pre14C to increase the A/S from 1.5 billion to 5 Billion
Share Price O.0004 C.0004 Vol.118,540,800
Dec.7,2001 PR NRES announces 10% dividend for holders of record on Nov.19 to be paid
on or about Jan.10,2002
Share Price O.0003 C.0006 Vol.232,768,300
http://ccfcorp.dos.state.fl.us/corpweb/inquiry/corioff.html
http://www.freeedgar.com/search/companylist.asp

The dividend isn't payable till around Jan 10.2002

Do you still own your NRES? If so, have you bought more to average down?

Also, I'm hearing that many shareholders are not receiving their dividen payments. Did you get yours?

Joemoney

National Residential Properties, Inc. Board of Directors Passes 10% Dividend

Dividend Will be Paid January 10, 2002

MIAMI--(BUSINESS WIRE)--Dec. 7, 2001--National Residential Properties, Inc. (OTCBB:NRES.OB - news) announced today that on November 19, 2001, the Board of Directors determined that the Company would pay a Common Stock dividend of one-tenth share for each share of Common Stock to holders of record on November 19, 2001. The Company anticipates that the common Stock dividend will be paid on or about January 10, 2002

ABOUT THE COMPANY

NRES, based in Miami, is a fully reporting company. NRES has 4 major projects where the company owns the land and is either under construction or in the plans and permitting process. The company's business is real estate development. NRES projects are:

Building a 60 unit luxury apartment house in Miami known as GRANADA GRAND, upon sale the company will generate $7,000,000 revenues and $2,500,000 net income.

At Conquistador Plaza, the 60 unit apartment building the company has under construction at 2270 SW 32 Ave, Miami, it is expected that the building will be finished and tenants in the building during the first quarter of 2002.

Now under construction, the company is developing a subdivision in Vero Beach, Florida, known as EAGLE TRACE. EAGLE TRACE is a heavily deed restricted, walled, gated community with a lake in the center. NRES will build houses and sell lots to other builders. The sale of the lots in EAGLE TRACE will generate $1,500,000 net income in year 2001-2002. Eagle Trace is a 62 unit subdivision that is being developed by the company. 1/3 of the lots are on the lake. The company has recently received a commitment from builders for the first 6 lots.

A 60 unit condominium project known as THE RESIDENCES AT BAY HARBOR, located on Bay Harbor Island, which will generate $12,000,000 in revenues and a $2,500,000 profit to the company in year 2002. The building is pre-sold to one buyer before being built, generating $2,500,000 profit to the company.

A 70 unit apartment house in Miami known as BARCELONA APARTMENTS, generating upon sale $8,000,000 revenues and $3,000,000 net income in 2002.

NRES has signed a contract to acquire the stock of Capitol Guard Corporation thru a merger. Capitol Guard is a security company that provides guard service to office building, condominiums, hotels and motels in Palm Beach and Broward Counties, Florida.

The Company sold and closed on the properties in Connecticut and the approximate $1,000,000 profit will be shown on the 10-QSB for the quarter ending December 31, 2001.

The company has authorized a stock repurchase program for up to 10% of the company common stock.

This document contains certain forward-looking statements regarding NRES, including statements about its operations, prospects and expectations about future financial results, including, but not limited to future revenues and earnings. The words ``estimate,'' ``anticipate,'' ``possible,'' ``seeking'' and similar expressions identify forward-looking statements which speak only as to the date the statements are made. These forward-looking statements involve risks and uncertainties which could cause actual results to differ materially and are subject to change at any time. NRES' actual results could differ materially from expected results. NRES undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2000, filed with the Securities and Exchange Commission as well as subsequent reports filed on Forms 8-K and 10-QSB.



--------------------------------------------------------------------------------
Contact:

National Residential Properties, Inc., Miami
Richard Astrom, 305/573-8882
Fax 305 573 5164
http://www.nresp.com

http://biz.yahoo.com/bw/011207/72067_1.html

National Residential Properties, Inc. Acquires Capitol Guard Corporation

MIAMI--(BUSINESS WIRE)--Oct. 30, 2001--National Residential Properties, Inc. (OTCBB:NRES.OB - news) Formerly (OTCBB:NRPI.OB - news) announced today that it has signed an agreement to acquire Capitol Guard Corporation through a merger into NRES, and Capitol Guard will become a wholly owned subsidiary. The acquisition was made for cash and stock. Closing is scheduled for quarter ending Dec. 31, 2001.

Richard Astrom, President of NRES said: ``We are very excited about this acquisition as it is a good fit for the two companies. NRES will need security for its apartments, condominiums and subdivision. It is good business for both companies, it creates income for NRES and Capitol Guard gets cash reserves with which to grow. Last year's revenues were approximately $300,000 and year 2001 revenues expected to reach $1,000,000.'' Mr. Astrom said: ``After the September 11 tragedy at the World Trade Center and at the Pentagon we as a company have decided to acquire a security company to protect our residential properties and those under construction. We are in Florida where there has been much security anxiety. We now see that security will become a way of life and demand for security will only become stronger.''

Capitol Guard Corporation's clients now include Class A office spaces, Condominiums, Gated Residential communities, Hampton Inns, Comfort Suites, and Remada Inns.

ABOUT THE COMPANY

NRES, based in Miami, is a fully reporting company. NRES has six major projects where the company owns the land and is either under construction or in the plans and permitting process. The company's business is real estate development. NRES projects are: Building a 60 unit luxury apartment house in Miami known as GRANADA GRAND, upon sale the company will generate $7,000,000 revenues and $2,500,000 net income.

At Conquistador Plaza, the 60 unit apartment building the company has under construction at 2270 SW 32 Ave., Miami, the construction of the 4th floor is being finished and preparations being made for the concrete pour of the 5th floor. It is expected that the building will be finished and tenants in the building during the first quarter of 2002.

The company has a project of six sites in Connecticut where the company would develop condominiums for Seniors of over 55 years in Hebron, New Milford, East Windsor, Granby, Watertown and Torrington, all in Connecticut. All the land in all projects, before being developed, has been contracted for sale to another developer wherein NRES will receive a $1,000,000 profit over and above its expenses incurred. The company is preparing for the closing of the transaction which was set for September, 2001 but has been temporarily delayed for a short time due to the World Trade Center Crisis.

Now under construction, the company is developing a subdivision in Vero Beach, Florida, known as Eagle Trace. Eagle Trace is a heavily deed restricted, walled, gated community with a lake in the center. NRES will build houses and sell lots to other builders. The sale of the lots in Eagle Trace will generate $1,500,000 net income in year 2001-2002. Eagle Trace is a 62 unit subdivision that is being developed by the company. 1/3 of the lots are on the lake. NRES is being reimbursed by county for offsite sewers. The company has recently received a commitment from builders for the first six lots.

A 60 unit condominium project known as The Residences At Bay Harbor is located on Bay Harbor Island, which will generate $12,000,000 in revenues and a $2,500,000 profit to the company in year 2002. The building is pre-sold to one buyer before being built, generating $2,500,000 profit to the company.
A 70 unit apartment house in Miami known as Barcelona Apartments, generating upon sale $8,000,000 revenues and $3,000,000 net income in 2002. Encore Services, Inc. is a licensed building contractor, and a wholly owned subsidiary, which is building the company projects through its affiliate Encore Builders Inc. and subcontractors.
The company has authorized a stock repurchase program for up to 10% of the company common stock. The board of directors of the company has authorized a 10% dividend and is awaiting legal opinion as to effective date of the dividend.

Forward-looking statements in this press release are made pursuant to the ``safe harbor'' provisions of the Private Securities Litigation reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, competition, completion problems, technological changes and other risks.

http://biz.yahoo.com/bw/011030/302277_1.html

National Residential Properties, Inc.

Press Release Correction
``Stock Received Will be at 50% Discount to Bid Price''
MIAMI--(BUSINESS WIRE)--Oct. 2, 2001--National Residential Properties, Inc. (OTCBB:NRES.OB - news) Formerly (OTCBB:NRPI.OB - news) announced today that it has signed an agreement to sell the GRANADA GRAND project for $3,625,000. The buyer is Vacation Ownership Marketing Inc., (OTCBB:VAOM.OB - news), which is a Bulletin Board company of which Encore Builders Inc is a wholly owned subsidiary. Encore Builders Inc is the contractor for National Residential Properties, Inc. on its Conquistador Plaza Apts project, which is now under construction.

NRES will receive approximately $3,125,000 in common stock of VAOM, with marketprice protection for stock price fluctuations, and ``STOCK RECEIVED WILL BE AT 50% DISCOUNT TO BID PRICE.''

Richard Astrom, President of NRES and a Director of VAOM said: ``We are very excited about this transaction with VAOM, as it is good business for both companies, it creates a large receivable for NRES and a good equity for VAOM.'' The transaction is subject to the existing first mortgage of $525,000 on the property. The projected profit to NRES is $2,500,000. The sale price of $3,250,000 is a value established by the parties and is subject to an independent real estate appraisal which will establish the values for each company and their appropriate audits. NRES and VAOM may be deemed as affiliates due to their interlocking directorates, common shareholders and business relationships. The agreement provides that should the appraisal for the land as a project ``ready to build'', with plans, impact fees paid, etc., be less than $3,250,000, then VAOM will pay NRES any excess over the appraisal price as a participation of profits of NRES in the condominium project. VAOM will obtain a construction loan and build the GRANADA GRAND APARTMENTS as condominiums. The transaction is to close upon receipt of the appraisal, which is estimated to be before November 15, 2001.

About the Company

NRES, based in Miami, is a fully reporting company. NRES has 6 major projects where the company owns the land and is either under construction or in the plans and permitting process. The company's business is real estate development.

NRES projects are:

Building a 60 unit luxury apartment house in Miami known as GRANADA GRAND, upon sale the company will generate $7,000,000 revenues and $2,500,000 net income.

At Conquistador Plaza, the 60 unit apartment building the company has under construction at 2270 SW 32 Ave, Miami, the construction of the 3rd floor is being finished and preparations being made for the concrete pour of the 4th floor. It is expected that the building will be finished and tenants in the building before the end of 2001.``

The company has a project of 6 sites in CONNECTICUT where the company would develop condominiums for Seniors of over 55 years in Hebron, New Milford, East Windsor, Granby, Watertown and Torrington, all in Connecticut. All the land in all projects, before being developed has been contracted for sale to another developer wherein NRES will receive a $1,000,000 profit over and above it's expenses incurred. The company is preparing for the closing of the transaction which was set for September, 2001 but has been temporarily delayed for a short time due to the World Trade Center Crisis.

Now under construction, the company is developing a subdivision in Vero Beach, Florida, known as EAGLE TRACE. EAGLE TRACE is a heavily deed restricted, walled, gated community with a lake in the center. NRES will build houses and sell lots to other builders. The sale of the lots in EAGLE TRACE will generate $1,500,000 net income in year 2001-2002. Eagle Trace is a 62 unit subdivision that is being developed by the company. 1/3 of the lots are on the lake. NRES is being reimbursed by county for offsite sewers. The company has recently received a commitment from builders for the first 6 lots.

A 60 unit condominium project known as THE RESIDENCES AT BAY HARBOR, located on Bay Harbor Island, which will generate $12,000,000 in revenues and a $2,500,000 profit to the company in year 2002. The building is pre-sold to one buyer before being built, generating $2,500,000 profit to the company.

A 70 unit apartment house in Miami known as BARCELONA APARTMENTS, generating upon sale $8,000,000 revenues and $3,000,000 net income in 2002. ENCORE SERVICES, INC. is a licensed building contractor, and a wholly owned subsidiary, which is building the company projects thru it's affiliate Encore Builders Inc. and subcontractors.

The company has authorized a stock repurchase program for up to 10% of the company common stock.

The board of directors of the company has authorized a 10% dividend and is awaiting legal opinion as to effective date of the dividend.

Forward-looking statements in this press release are made pursuant to the ``safe harbor'' provisions of the Private Securities Litigation reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, competition, completion problems, technological changes and other risks.

http://biz.yahoo.com/bw/011002/20052_1.html

National Residential Properties, Inc. Signs Contract to Sell GRANADA GRAND

$2,500,000 Projected Profit
MIAMI--(BUSINESS WIRE)--Sept. 26, 2001--National Residential Properties, Inc. (OTCBB:NRES.OB - news; Formerly OTCBB:NRPI.OB) announced today that it has signed an agreement to sell the GRANADA GRAND project for $3,625,000. The buyer is Vacation Ownership Marketing Inc.,OTC- BB:VAOM.OB, which is a Bulletin Board company of which Encore Builders Inc. is a wholly owned subsidiary. Encore Builders Inc. is the contractor for National Residential Properties, Inc. on its Conquistador Plaza Apts project, which is now under construction.

NRES will receive approximately $3,125,000 in common stock of VAOM, with market price protection for stock price fluctuations. Richard Astrom, President of NRES and a Director of VAOM said: ``We are very excited about this transaction with VAOM, as it is good business for both companies, it creates a large receivable for NRES and a good equity for VAOM.' The transaction is subject to the existing first mortgage of $525,000 on the property. The projected profit to NRES is $2,500,000. The sale price of $3,250,000 is a value established by the parties and is subject to an independent real estate appraisal which will establish the values for each company and their appropriate audits. NRES and VAOM may be deemed as affiliates due to their interlocking directorates, common shareholders and business relationships. The agreement provides that should the appraisal for the land as a project ``ready to build', with plans, impact fees paid, etc., be less than $3,250,000, then VAOM will pay NRES any excess over the appraisal price as a participation of profits of NRES in the condominium project. VAOM will obtain a construction loan and build the GRANADA GRAND APARTMENTS as condominiums. The transaction is to close upon receipt of the appraisal, which is estimated to be before November 15, 2001.

ABOUT THE COMPANY

NRES, based in Miami, is a fully reporting company. NRES has 6 major projects where the company owns the land and is either under construction or in the plans and permitting process. The company's business is real estate development. NRES projects are:

Building a 60 unit luxury apartment house in Miami known as GRANADA GRAND, upon sale the company will generate $7,000,000 revenues and $2,500,000 net income;

At Conquistador Plaza, the 60 unit apartment building the company has under construction at 2270 SW 32 Ave, Miami, the construction of the 3rd floor is being finished and preparations being made for the concrete pour of the 4th floor. It is expected that the building will be finished and tenants in the building before the end of 2001.

The company has a project of 6 sites in CONNECTICUT where the company would develop condominiums for Seniors of over 55 years in Hebron, New Milford, East Windsor, Granby, Watertown and Torrington, all in Connecticut. All the land in all projects, before being developed have been contracted for sale to another developer wherein NRES will receive a $1,000,000 profit over and above its expenses incurred. The company is preparing for the closing of the transaction which was set for September, 2001 but has been temporarily delayed for a short time due to the World Trade Center Crisis.

Now under construction, the company is developing a subdivision in Vero Beach, Florida, known as EAGLE TRACE. EAGLE TRACE is a heavily deed restricted, walled, gated community with a lake in the center. NRES will build houses and sell lots to other builders. The sale of the lots in EAGLE TRACE will generate $1,500,000 net income in year 2001-2002. Eagle Trace is a 62 unit subdivision that is being developed by the company. 1/3 of the lots are on the lake. NRES is being reimbursed by county for offsite sewers. The company has recently received a commitment from builders for the first 6 lots.

A 60 unit condominium project known as THE RESIDENCES AT BAY HARBOR, located on Bay Harbor Island, which will generate $12,000,000 in revenues and a $2,500,000 profit to the company in year 2002. The building is pre-sold to one buyer before being built, generating $2,500,000 profit to the company;

A 70 unit apartment house in Miami known as BARCELONA APARTMENTS, generating upon sale $8,000,000 revenues and $3,000,000 net income in 2002. ENCORE SERVICES, INC. is a licensed building contractor, and a wholly owned subsidiary, which is building the company projects thru it's affiliate Encore Builders Inc. and subcontractors.

The company has authorized a stock repurchase program for up to 10% of the company common stock.

The board of directors of the company have authorized a 10% dividend and is awaiting legal opinion as to effective date of the dividend.

Forward-looking statements in this press release are made pursuant to the ``safe harbor' provisions of the Private Securities Litigation reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, competition, completion problems, technological changes and other risks.

http://biz.yahoo.com/bw/010926/260652_1.html

NRES Mentioned In Article w/Analysis

http://www.investorshub.com/boards/read_msg.asp?message_id=186369

Joe

National Residential Properties, Inc.'s Eagle Trace - 6 Houses to be Started
Residences at Bay Harbor Mortgage Signed
Closing Date Set for Sale of Connecticut Properties
MIAMI--(BUSINESS WIRE)--Sept. 18, 2001--National Residential Properties, Inc. (OTCBB:NRES.OB - news; Formerly OTCBB:NRPI.OB) announced today that it has received 6 firm commitments from home builders to build homes at Eagle Trace Subdivision at Vero Beach. Subdivision development is 75% completed at EAGLE TRACE. When completed the subdivision will be a gated, walled subdivision with each lot having water and sewers. A lake has been dug in the center of the subdivision creating 20 waterfront lots. There are a total of 62 lots in the subdivision. Richard Astrom, President said: ``We expect the streets to be paved this month, followed by the entrance gate-wall and landscaping. We are very pleased with these commitments and acceptance of the subdivision by the local community and expect additional builders to commit to lot purchases and building of houses as model homes for additional construction. We expect the subdivision to be ready for the winter season where retirees from the north visit the Florida Gold Coast in large numbers.'

At RESIDENCES AT BAY HARBOR a mortgage has been signed for $675,000 with a local bank at 8.125% interest.

At Conquistador Plaza, the 60 unit apartment building the company has under construction at 2270 SW 32 Ave, Miami, the construction of the 3rd floor is being finished and preparations being made for the concrete pour of the 4th floor. Richard Astrom, President said: ``We have been advised by the engineers that the project is approximately 35% completed. We expect to have the building finished and tenants in the building before the end of 2001.'

The company has a project of 6 sites in CONNECTICUT where the company would develop condominiums for Seniors of over 55 years in Hebron, New Milford, East Windsor, Granby, Watertown and Torrington, all in Connecticut. All the land in all projects, before being developed have been contracted for sale to another developer wherein NRES will receive a $1,000,000 profit over and above its expenses incurred. The company is preparing for the closing of the transaction which has been set for September, 2001.

The company has authorized a stock repurchase program for up to 10% of the company common stock.

The board of directors of the company has authorized a 10% dividend and is awaiting legal opinion as to effective date of the dividend.

ABOUT THE COMPANY

NRES, based in Miami, is a fully reporting company. NRES has 6 major projects where the company owns the land and is either under construction or in the plans and permitting process. The company's business is real estate development. NRES projects are:

Building a 60 unit luxury apartment house in Miami known as GRANADA GRAND, upon sale the company will generate $7,000,000 revenues and $2,500,000 net income in 2002;

Building a 60 unit luxury apartment house in Miami known as CONQUISTADOR PLAZA, now under construction, generating $7,000,000 revenues upon sale, and $2,500,000 net income in 2002. The building is under construction at 2270 SW 32 Ave, Miami.

Now under construction, the company is developing a subdivision in Vero Beach, Florida, known as EAGLE TRACE. EAGLE TRACE is a heavily deed restricted, walled, gated community with a lake in the center. NRES will build houses and sell lots to other builders. The sale of the lots in EAGLE TRACE will generate $1,500,000 net income in year 2001-2002. Eagle Trace is a 62 unit subdivision that is being developed by the company. 1/3 of the lots are on the lake. NRES is being reimbursed by county for offsite sewers.

A 60 unit condominium project known as THE RESIDENCES AT BAY HARBOR, located on Bay Harbor Island, which will generate $12,000,000 in revenues and a $2,500,000 profit to the company in year 2002. The building is pre-sold to one buyer before being built, generating $2,500,000 profit to the company;

A 70 unit apartment house in Miami known as BARCELONA APARTMENTS, generating upon sale $8,000,000 revenues and $3,000,000 net income in 2002. ENCORE SERVICES, INC. is a licensed building contractor, and a wholly owned subsidiary, which is building the company projects thru its affiliate Encore Builders Inc. and subcontractors.

The company has a project of 6 sites in CONNECTICUT where the company would develop condominiums for Seniors of over 55 years in Hebron, New Milford, East Windsor, Granby, Watertown and Torrington, all in Connecticut. The company owns the land in Hebron. All the land in all the projects, before being developed have been contracted for sale to another developer wherein NRES will receive a $1,000,000 profit over and above its expenses incurred. The closing date for the transaction has been set in September, 2001.

Forward-looking statements in this press release are made pursuant to the ``safe harbor' provisions of the Private Securities Litigation reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, competition, completion problems, technological changes and other risks.

National Residential Properties, Inc. Eagle Trace Subdivision Approaching Completion

Conquistador Plaza 35% Complete
Closing Date Set for Sale of Connecticut Properties

MIAMI--(BUSINESS WIRE)--Sept. 5, 2001--National Residential Properties, Inc. (OTCBB:NRES.OB - news; Formerly OTCBB:NRPI.OB) announced today that development of the company owned subdivision in Vero Beach, EAGLE TRACE, is 75% completed. The offsite sewerage is 90% completed and only needs be hooked up to the onsite sewerage system. The company has been reimbursed for offsite sewerage by Indian River County. The onsite water and sewerage system is 92% complete. When completed the subdivision will be a gated, walled subdivision with each lot having water and sewers. A lake has been dug in the center of the subdivision creating 20 waterfront lots. There are a total of 62 lots in the subdivision.

Richard Astrom, President, said: ``We expect the streets to be paved this month, followed by the entrance gate-wall and landscaping. We are pleased with construction and expect the subdivision to be ready for the winter season when retirees from the north visit the Florida Gold Coast in large numbers. We are in negotiations with buyers and home builders.'

At Conquistador Plaza, the 60 unit apartment building the company has under construction at 2270 SW 32 Ave, Miami, the construction of the 3rd floor is being finished and preparations are being made for the concrete pour of the 4th floor. Richard Astrom, President, said: ``We have been advised by the engineers that the project is approximately 35% completed. We expect to have the building finished and tenants in the building before the end of 2001.'

The company has a project of 6 sites in Connecticut where the company would develop condominiums for Seniors of over 55 years in Hebron, New Milford, East Windsor, Granby, Watertown and Torrington, all in Connecticut. All the land in all the projects, before being developed, has been contracted for sale to another developer wherein NRES will receive a $1,000,000 profit over and above its expenses incurred. The closing date for the transaction has been set in September, 2001.

The company has authorized a stock repurchase program for up to 10% of the company common stock.

ABOUT THE COMPANY

NRES, based in Miami, is a fully reporting company. NRES has 6 major projects where the company owns the land and is either under construction or in the plans and permitting process. The company's business is real estate development. NRES projects are:

Building a 60 unit luxury apartment house in Miami known as GRANADA GRAND. Upon sale, the company will generate $7,000,000 revenues and $2,500,000 net income in 2002;

Building a 60 unit luxury apartment house in Miami known as CONQUISTADOR PLAZA, now under construction, generating $7,000,000 revenues upon sale, and $2,500,000 net income in 2002. The building is under construction at 2270 SW 32 Ave, Miami.

Now under construction, the company is developing a subdivision in Vero Beach, Florida, known as EAGLE TRACE. EAGLE TRACE is a heavily deed restricted, walled, gated community with a lake in the center. NRES will build houses and sell lots to other builders. The sale of the lots in EAGLE TRACE will generate $1,500,000 net income in year 2001-2002. Eagle Trace is a 62 unit subdivision that is being developed by the company. 1/3 of the lots are on the lake. NRES is being reimbursed by county for offsite sewers.

A 60 unit condominium project known as THE RESIDENCES AT BAY HARBOR, located on Bay Harbor Island, which will generate $12,000,000 in revenues and a $2,500,000 profit to the company in year 2002. The building is pre-sold to one buyer before being built, generating $2,500,000 profit to the company;

A 70 unit apartment house in Miami known as BARCELONA APARTMENTS, generating upon sale $8,000,000 revenues and $3,000,000 net income in 2002. ENCORE SERVICES, INC. is a licensed building contractor, and a wholly owned subsidiary, which is building the company projects thru its affiliate Encore Builders Inc. and subcontractors.

The company has a project of 6 sites in CONNECTICUT where the company would develop condominiums for Seniors of over 55 years in Hebron, New Milford, East Windsor, Granby, Watertown and Torrington, all in Connecticut. The company owns the land in Hebron. Title will be taken when sites have approval from municipalities for zoning, water and sewer. All the land in all the projects, before being developed, has been contracted for sale to another developer wherein NRES will receive a $1,000,000 profit over and above its expenses incurred. The closing date for the transaction has been set in September, 2001.

Forward-looking statements in this press release are made pursuant to the ``safe harbor' provisions of the Private Securities Litigation reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, competition, completion problems, technological changes and other risks.

Signed,
Joemoney =D

Thanks for the link. I can't keep up with NRES on RB, way too much volume, just like NRES. NRES is on the backburner for me. I have my orders in over .01 and up... some day, maybe. If not... won't be my first loser OTC play

a link to some pics. from an RB post...

By: jokeintoe $$$
Reply To: None Sunday, 12 Aug 2001 at 11:13 PM EDT
Post # of 52693


I would like to thank all of you for your support of the new pictures and welcome any and all comments on improving them in the future.

I plan on uploading additional current pics as I receive them.

**In the future, I may be uploading a video of the properties, pending Xstar's approval.**

Again, on behalf of myself and Xstar, I thank you all for your kind words and comments.

For any who have not yet seen them:

http://www.picturedot.com/NRES_Pics

click on set #, to enlarge pic change view to
245x480 or 428x840 you find this on top of pic's
just click on your choice.



jo

NRES news>>>>>>>>>

http://www.investorshub.com/boards/read_msg.asp?message_id=134734

Arch

National Residential Properties, Inc., Common Stock Buyback Program Authorized

MIAMI--(BUSINESS WIRE)--June 13, 2001--National Residential Properties, Inc. (OTCBB:NRES.OB - news); Formerly (OTCBB:NRPI.OB - news) announced today that the company Board of Directors has authorized a Common Stock Repurchase Program for up to 10% of the company common stock. The stock will be repurchased, at the discretion of the Board, from time to time on the open market between now and September 30, 2001, the end of the company fiscal year. The stock will then be retired to the treasury. Richard Astrom, President and CEO stated, ``We have started the stock repurchase program to demonstrate our faith in the company and to enhance stockholder value.''

National Residential Properties, Inc. is a public company trading on the OTCBB under the symbol NRES.

ABOUT THE COMPANY

NRES, based in Miami, is a fully reporting company. NRES has 6 major projects where the company owns the land and is either under construction or in the plans and permitting process. Current pictures of the company projects are on the company website: http://www.nresp.com. The company's business is real estate development. NRES projects are:

Building a 60 unit luxury apartment house in Miami, known as GRANADA GRAND; upon sale the company will generate $7,000,000 revenues and $2,500,000 net income in 2002;

Building a 60 unit luxury apartment house in Miami known as CONQUISTADOR PLAZA, now under construction; generating $7,000,000 revenues upon sale, and $2,500,000 net income in 2002; CONSTRUCTION UPDATE: started construction on the 2nd level of parking at the Conquistador Plaza Apts.; and that the foundation for the perimeter wall is 100% complete; and the steel is 100% complete for the perimeter wall around the basement at the Conquistador Plaza Apts. The building site is 2270 SW 32 Ave, Miami, Florida;

Now under construction, the company is developing a subdivision in Vero Beach, Florida, known as EAGLE TRACE. EAGLE TRACE is a heavily deed restricted, walled, gated community with a lake in the center. NRES will build houses and sell lots to other builders. The sale of the lots in EAGLE TRACE will generate $1,500,000 net income in year 2001-2002; CONSTRUCTION UPDATE: At Eagle Trace, Vero Beach, the lake is 100% excavated; Roads are 25% completed; Storm drainage pipe is 35% complete; and Storm Drainage Structures are 44% complete. Eagle Trace is a 62 unit subdivision that is being developed by the company. One third of the lots are on the lake. OFFSITE: Sewer pipe is being installed along Kings Highway to connect subdivision sewers to county central sewerage system. NRES is being reimbursed by county for offsite sewers.

A 60 unit condominium project known as THE RESIDENCES AT BAY HARBOR, located on Bay Harbor Island, which will generate $12,000,000 in revenues and a $2,500,000 profit to the company in year 2002. The building is pre-sold to one buyer before being built, generating $2,500,000 profit to the company;

A 70 unit apartment house in Miami, known as BARCELONA APARTMENTS, generating upon sale $8,000,000 revenues and $3,000,000 net income in 2002. ENCORE SERVICES, INC. is a licensed building contractor, and a wholly owned subsidiary, which is building the company projects thru its affiliate Encore Builders Inc. and subcontractors.

NRES will joint venture a group of 6 Adult Communities in Connecticut with CT Adult Condominiums LLC. The first land purchase is in Hebron, Conn. On the Hebron parcel 80 condominium units will be built, 2 units per building. Similar projects, under option contract and part of this venture, are in the planning and zoning process for the towns of New Milford, East Windsor, Granby, Watertown and Torrington, all in Connecticut. NRES will take title when sites have approval from municipalities for zoning, water and sewer. This project has been sold for $1,350,000 and will close in the near future, generating a $750,000 profit for the company.

Forward-looking statements in this press release are made pursuant to the ``safe harbor'' provisions of the Private Securities Litigation reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, competition, completion problems, technological changes and other risks.

Hi,,,,jumped on the

bandwagon today,,,,see it's headed back in the right direction.

SusieQ

National Residential Properties, Inc. President, Richard Astrom Interviewed By CEOcast.com

MIAMI--(BUSINESS WIRE)--May 9, 2001--National Residential Properties, Inc. (OTCBB:NRES.OB - news; Formerly OTCBB:NRPI.OB) announced today that the company's Chairman and CEO, Richard Astrom, was interviewed by CEOcast.com, a leading online financial forum. National Residential Properties, Inc. is a public company trading on the OTCBB under the symbol NRES.

To access this interview of May 8, 2001, simply log on to www.CEOcast.com and select the National Residential Properties, Inc. interview from the list offered.

ABOUT THE COMPANY

NRES, based in Miami, is a fully reporting company. NRES has 6 major projects where the company owns the land and is either under construction or in the plans and permitting process. The company's business is real estate development. NRES projects are: Building a 60 unit luxury apartment house in Miami known as GRANADA GRAND, upon sale the company will generate $7,000,000 revenues and $2,500,000 net income in 2002.

Building a 60 unit luxury apartment house in Miami known as CONQUISTADOR PLAZA, now under construction, generating $7,000,000 revenues upon sale, and $2,500,000 net income in 2002; CONSTRUCTION UPDATE: Concrete is being poured for the foundation, basement and columns to support the second garage level at the Conquistador Plaza Apts. The building site is 2270 SW 32 Ave, Miami, Florida.

Now under construction, the company is developing a subdivision in Vero Beach, Florida, known as EAGLE TRACE. EAGLE TRACE is a heavily deed restricted, walled, gated community with a lake in the center. NRES will build houses and sell lots to other builders. The sale of the lots in EAGLE TRACE will generate $1,500,000 net income in year 2001-2002. CONSTRUCTION UPDATE: The lake in the center of the property has been dug.

A 60 unit condominium project known as THE RESIDENCES AT BAY HARBOR, located on Bay Harbor Island, which will generate $12,000,000 in revenues and a $2,500,000 profit to the company in year 2002. The building is pre-sold to one buyer before being built, generating $2,500,000 profit to the company.

A 70 unit apartment house in Miami known as BARCELONA APARTMENTS, generating upon sale $8,000,000 revenues and $3,000,000 net income in 2002. ENCORE SERVICES, INC. is a licensed building contractor, and a wholly owned subsidiary, which is building the company projects thru it's affiliate Encore Builders Inc. and subcontractors.

NRES will joint venture a group of 6 Adult Communities in Connecticut with CT Adult Condominiums LLC. The first land purchase is in Hebron, Conn On the Hebron parcel 80 condominium units will be built, 2 units per building. Similar projects, under option contract and part of this venture, and are in the planning and zoning process for the towns of New Milford, East Windsor, Granby, Watertown and Torrington, all in Connecticut. NRES will take title when sites have approval from municipalities for zoning, water and sewer.

Forward-looking statements in this press release are made pursuant to the ``safe harbor'' provisions of the Private Securities Litigation reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, competition, completion problems, technological changes and other risks.

http://biz.yahoo.com/bw/010509/0014.html

Wonderful to see NRES up!!!eom

*_NRES _I N F O_*UPDATED*5/4*

From the RB board

*Thanks to walter1 and goldpfenny

Please Read Disclaimer on bottom of page!
This is an info post only and NOT a recommendation to buy or sell!
______________________________________

PRESS RELEASES:

http://biz.yahoo.com/n/n/nres.ob.html

SNAP SHOT:
http://host.wallstreetcity.com/wsc2/corporate_snapshot.html?DB=SQL&template=corpsnap.htm&Sym...

Shares as stated in February 20th 10-Q release
as of February 15th were 336 Million shares outstanding

ALL FILINGS:
http://ragingbull.lycos.com/mboard/boards.cgi?board=NRES&read=14216

PERMITS: (thanks to: cantgetmyname )
http://ragingbull.lycos.com/mboard/boards.cgi?board=NRES&read=15690

UPDATE ON PERMITS:
http://ragingbull.lycos.com/mboard/boards.cgi?board=NRES&read=16256

Spiel2001: Great pics & report. Thanks!
See Spiel2001's report and pictures at:
http://www.norents.com/

*jackbrit2's pics
The URL for the site is http://www.norents.com

Jackbrit's Granada Grand pics are at http://www.norents.com/granadagrand.html

His Conquistador pics are at: http://www.norents.com/conquistador.html

More pics from Ettringer
http://homepages.go.com/~satyr/nres/NRES.html

*NEW THANKS TO TRUST26
(Conquistador) (not 100% sure on date) 4/25/01
http://albums.photopoint.com/j/View?u=1195110&a=8808250&p=47113972


(Conquistador) 5/2/01
http://albums.photopoint.com/j/View?u=1195110&a=8808245&p=47748295

Check this site out!
ºNRES Web Site: http://www.nresp.com
_________________________________________________
Contact
National Residential Properties, Inc.
ADDRESS: 2921 NW 6 Avenue,Miami, Florida 33127
Telephone: 305 573 8882
FAX: 305 571 8357
E-Mail: Realtyrich@aol.com or RA@NRPI.com
TRANSFER AGENT:
Transfer Online
http://www.transferonline.com
227 South West Pine Street, Suite 300
Portland, OR 97204
Phone: 503.227.2950
Fax: 503.227.6874
E-Mail:
http://www.transferonline.com/contacts/index.cfm/action/contacts/ssl/0/tol=1
_______________________________________________________
Company Corporate Attorney:

Gordon Dihle, Byers, Colorado
_______________________________________________________
Company Auditors:

Baum and Company, P.A., Coral Springs, Florida
National Rehab Properties, Inc. changed it's name to National Residential Properties. Inc. September 12, 2000 and is a Nevada Corporation, licensed to do business in Florida



RECENT NEWS:

http://biz.yahoo.com/e/010301/nres.ob.html

http://biz.yahoo.com/bw/010207/fl_natl_re.html

http://finance.yahoo.com/q?s=NRES.OB&d=3m

MM Line-Up:
http://www.otcbb.com/asp/mp_quotes.asp?Sort=4"es=nres&Board.x=41&Board.y=11

Charts:

ClearStation

http://ragingbull.lycos.com/mboard/boards.cgi?board=NRES&read=10076

http://www.dimgroup.com/cgi-bin/simple2.cgi?symbol=nres

Level 2 delayed:
http://www.level2chart.com/level2chart/chart.asp?xy3ww=9321&Userid=dummy&z424=4&Symbol=n...


SOME MORE NEWS:
http://www.findarticles.com/PI/search.jhtml?cf=0&key=nrpi&page=1&magR=bus

NRES CATALYST
http://moneycentral.msn.com/investor/research/wizards/srwcatalysts.asp?Symbol=nres

Historical Quotes
http://host.wallstreetcity.com/wsc2/Historical_Quotes.html?Button=NEW+REQUEST&template=hisquote....

Link to active Market Makers
http://www.otcbb.com/asp/tradeact_mml.asp?searchby=i&searchfor=nres&x=20&y=6

A link to Market Maker activity
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=i&Issue=NRES&SortBy=v&month=10-1-2000&...

About some MM's
http://ragingbull.lycos.com/mboard/boards.cgi?board=FBNI&read=15267


$.008 **HOT closed on CT property** Free Shares Approved

National Residential Properties, Inc. (OTCBB:NRES) Is A fully reporting real estate developer based in Miami.

With over $4 million in real estate assets, NRES has 6 major projects where the company owns the land and is either under construction or in the plans and permitting process.

/////////***HOT**** 4 May 2001 News///////////
National Residential Properties, Inc. Closes On Hebron, Connecticut 80 Unit Condo Site; Gross Revenues Projected At $16,000,000
Read at: http://tinystock.##########.com/4mar2001.txt

/CONCRETE IS POURED FOR CONQUISTADOR PLAZA FOUNDATION//
MIAMI, Apr 23, 2001 (BUSINESS WIRE) -- National Residential Properties, Inc. (NRES) (NRPI) Richard Astrom, President and CEO announced today that: "Concrete has been poured for the foundation at the Conquistador Plaza Apts." Astrom further added: "Demolition and land clearing have been completed; the parking basement has been excavated and in process of building foundation; rebar steel has been installed; and perimeter walls to receive forms and steel are simultaneously being made ready for additional concrete pours." The building site is 2270 SW 32 Ave, Miami, Florida.

//10% STOCK DIVIDEND APPROVED to SHAREHOLDERS/////

April 12, 2001 "The Board of Directors of NRES met and unanimously approved a 10% dividend to be paid in stock." Astrom further stated, "Details of the stock split will be discussed with
corporate attorneys and announcement forthcoming."

////////PROJECTS UNDER CONSTRUCTION/////////

Now Building a 60 unit luxury apartment house in Miami known as CONQUISTADOR PLAZA, now under construction, generating $7,000,000 revenues upon sale, and $2,500,000 net income in 2002;

See Conquistador Plaza Pictures here:
http://tinystock.##########.com/conquis.htm

Now under construction, the company is developing a subdivision in Vero Beach, Florida, known as EAGLE TRACE. EAGLE TRACE is a heavily deed restricted, walled, gated community with a lake
in the center. NRES will build houses and sell lots to other builders. The sale of the lots in EAGLE TRACE will generate $1,500,000 net income in year 2001-2002.

See Oct 2000 Eagle Trace Pics here:
http://tinystock.##########.com/eagle.htm

/////////////PLANNING PHASE//////////////

PRE-SOLD Building:

A 60 unit condominium project known as THE RESIDENCES AT BAY HARBOR, located on Bay Harbor Island, which will generate $12,000,000 in revenues and a $2,500,000 profit to the company
in year 2002. The building is pre-sold to one buyer before being built, generating $2,500,000 profit to the company;

See Bay Harbor pics here:
http://www.nresp.com/currentprojects004.asp

Building a 60 unit luxury apartment house in Miami known as GRANADA GRAND, upon sale the company will generate $7,000,000 revenues and $2,500,000 net income in 2002;

See Granada Grand Pics here:
http://www.norents.com/granadagrand.html
http://www.nresp.com/currentprojects001.asp

A 70 unit apartment house in Miami known as BARCELONA APARTMENTS, generating upon sale $8,000,000 revenues and $3,000,000 net
income in 2002.

See Barcelona Apartments pics here:
http://www.nresp.com/currentprojects005.asp

///////WHOLLY OWNED SUBSIDIARY//////////////

ENCORE SERVICES, INC. is a licensed building contractor, and a wholly owned subsidiary, which is building the company projects thru its affiliate Encore Builders Inc. and subcontractors.

/////////NEW COMPANY WEB SITE///////
Located at: http://www.nresp.com

///////////NRES NEWS ARCHIVE///////////////
Located at: http://tinystock.##########.com/nresarchive.htm


NOTE: There will be no more off topic links due to RB regulations.

Except for this one:
http://cflc.net/refdesk.htm

Disclaimer:
Verify all claims and do your own due diligence. This is not a solicitation or recommendation
to buy, sell or hold securities. The information contained herein is provided as an information service only. This is a composite of numerous posters, pro and con, and real world verification so it is not just mine.
I have not negotiated nor been offered nor accepted any compensation in stock , cash or expenses in any capacity.
. Whether you are an experienced investor or not, you should always consult with a broker or investment advisor before purchasing or selling any securities. You should always do your own research before making investment decisions. The OTC:BB is considered a high-risk market.

It looks like NRES is able to maintain their stock price. i hope we can reach .10 soon.

Atleast the volume is high and they closed on the up side today. Maybe the small rally will move upwards tomorow.

joe

Penny Stock Salesmen

by Joemoney

Remember when salesmen would come to your door and try to sell you things? They would beg you to take a look at their products. Many of them sell simple products, like magazines and cookies. However, in today's Internet age, a new breed of salesmen are popping up. Not at your doorstep, but in your e-mail inbox and on message boards. They use the same persuasive techniques, but offer a different product. These new salesmen are trying to sell you stock. More specifically, penny stocks. Also known as profilers. Don't get profilers confused with stock pumpers. These profilers are not paying themselves by front running, but they are being paid by the companies they profile.

What are restricted shares?
Profilers are usually paid in SEC Rule #144 Restricted Shares of stock. Restricted Shares of stock are as quoted by the SEC (http://www.sec.gov/), "The term "restricted securities" is defined in Rule 144(a)(3) [17 CFR 230.144(a)(3)] and includes: securities acquired from the issuer or an affiliate in a transaction or chain of transactions not involving a public offering; securities acquired from the issuer and subject to resale limitations under Regulation D [17 CFR 230.501-508] or Rule 701 [17 CFR 230.701]; securities subject to the Regulation D resale limitations and acquired in a transaction or chain of transactions not involving a public offering; securities acquired in a transaction or chain of transactions meeting the requirements of Rule 144A [17 CFR 230.144A]; and securities acquired from the issuer that are subject to the resale limitations of Regulation CE (230.1001). Separate releases being issued today propose to amend the term to also include securities issued pursuant to an exemption under Securities Act Section 4(6) [15 U.S.C. 77(d)(6)] as well as equity securities of domestic issuers, and of foreign issuers where the primary market for such securities is in the United States, sold under Regulation S [17 CFR 230.901-230.904 and Preliminary Notes]."

Restricted shares of stock can be sold one year after they are transferred to the profiler. However, many companies use "third parties" in order to transfer cash, free trading shares, and other forms of compensation to profilers. This practice is legal, but tricky.

Why do companies have their stock profiled?
More and more companies are giving compensation to profilers in order to promote their stock. This is the main reason companies have their stock profiled, to create interest in their stock by investors. Small OTCBB companies must find someway to generate interest in their stock. Since most people have never heard of most of the OTCBB listed companies, they cannot rely on their name to generate investors.

How much do companies pay stock profilers?
Big time stock profilers can get paid as much as $250,000 in restricted or free trading shares and $100,000 cash. It makes you wonder why websites would ruin their reputation by profiling stocks that they don't believe in. It's safe to say that almost all stock websites exists only to make the owner wealthy and not to benefit investors. Most websites, especially stock profile websites, only expect to live a short time because the owner only wants to make a quick buck. Actually, most stock profilers get paid around $5-10k in restricted shares. Most companies don't compensate small time profilers with cash.

Does profiling stocks actually drive the price up?
Most of the time the stocks are profiled don't even rise. They do create investor awareness, and may make the company's Raging Bull board a little more active. In general, the stock does not rise at all because of the poor reputations the stock profilers already have. Stock profilers are often not the smartest people you'll know. Because of their lack of market intelligence, they profile stocks to make money off their sites instead of advertising.

How do investors tell if a stock on a website is a paid profile?
It is required by law that a stock website have a disclaimer. Within this disclaimer, a profiler must state that they are being paid to profile a certain stock. In many cases, the profiler will be extra cautious and actually list how much compensation they received for profiling a certain stock. A profiler will not tell their readers to buy or sell a stock, but they will just give information about the profiled stock. Profilers will create "due diligence" like pages and list only the good things about the company they are profiling.

Conclusion
Profiled stocks are in most cases stocks that should be avoided. Most companies profile their stock because of dilution and lack of investor interest. If a company is outstanding and has a bright future, there should be no need for a them to have their stock profiled. The best thing investors can do is to do their own research and try to avoid companies that pay to have their stock profiled. Just ask yourself next time you see a website profiling a stock "If this company is so good, then why must they try to sell it to me? Shouldn't it already in a buying frenzy?"

To discover more commentary by Joemoney (AKA "The Reporter"): http://www.marketreporter.com/

National Residential Properties, Inc.

Concrete Pour at Conquistador Plaza Apts
MIAMI--(BUSINESS WIRE)--April 23, 2001--National Residential Properties, Inc. (OTCBB:NRES - news; Formerly OTCBB:NRPI) Richard Astrom, President and CEO announced today that: ``Concrete has been poured for the foundation at the Conquistador Plaza Apts.'' Astrom further added: ``Demolition and land clearing have been completed; the parking basement has been excavated and in process of building foundation; rebar steel has been installed; and perimeter walls to receive forms and steel are simultaneously being made ready for additional concrete pours.'' The building site is 2270 SW 32 Ave, Miami, Florida.

The purpose of this press release is to keep stockholders informed.

The company is seeking acquisitions and land for real estate developments.

ABOUT THE COMPANY

NRES, based in Miami, is a fully reporting company. NRES has 5 major projects where the company owns the land and is either under construction or in the plans and permitting process. The company's business is real estate development. NRES projects are: Building a 60 unit luxury apartment house in Miami known as GRANADA GRAND, upon sale the company will generate $7,000,000 revenues and $2,500,000 net income in 2002;

Building a 60 unit luxury apartment house in Miami known as CONQUISTADOR PLAZA, now under construction, generating $7,000,000 revenues upon sale, and $2,500,000 net income in 2002; Now under construction, the company is developing a subdivision in Vero Beach, Florida, known as EAGLE TRACE. EAGLE TRACE is a heavily deed restricted, walled, gated community with a lake in the center. NRES will build houses and sell lots to other builders. The sale of the lots in EAGLE TRACE will generate $1,500,000 net income in year 2001-2002;

A 60 unit condominium project known as THE RESIDENCES AT BAY HARBOR, located on Bay Harbor Island, which will generate $12,000,000 in revenues and a $2,500,000 profit to the company in year 2002. The building is pre-sold to one buyer before being built, generating $2,500,000 profit to the company;

A 70 unit apartment house in Miami known as BARCELONA APARTMENTS, generating upon sale $8,000,000 revenues and $3,000,000 net income in 2002. ENCORE SERVICES, INC. is a licensed building contractor, and a wholly owned subsidiary, which is building the company projects thru it's affiliate Encore Builders Inc. and subcontractors.

NRES will joint venture a group of 6 Adult Communities in Connecticut with CT Adult Condominiums LLC. The first land purchase is in Hebron, Conn. On the Hebron parcel 80 condominium units will be built, 2 units per building. Similar projects, under option contract and part of this venture, are in the planning and zoning process for the towns of New Milford, East Windsor, Granby, Watertown and Torrington, all in Connecticut. NRES will take title when sites have approval from municipalities for zoning, water and sewer.

Forward-looking statements in this press release are made pursuant to the ``safe harbor'' provisions of the Private Securities Litigation reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, competition, completion problems, technological changes and other risks.

http://biz.yahoo.com/bw/010423/2023.html

Josef, the CEO said this in a public CEO interview. eom

Do grow up soon, won't you?

Stop behaving like a baby who has had his pacifier taken away.

scion

name calling is not allowed on this board. my name is not little joe.

eom

So any dissent from your stock touting is considered "bashing" is it, Little JoeJoe?

"Quit bashing. eom"

Quit touting.eom

Humble question, Joemoney, do I understand you correctly -- the CEO told you the company will be porofitable this year?

Has that information been published by the company, anyplace?

Oh, and by the way, we have a semantics problem, it seems. Read my post again:

http://www.investorshub.com/beta/read_msg.asp?message_id=79468

What you call "bashing" is known, by the general public, as "asking questions."

Sorry to humbly inform you of this, dude, but I fully intend to keep asking questions anytime and anyplace I want -- regardless of what you call it!

Cheers,

Svejk

Josef, NRES will make 12 million in revenue this year because of recent projects that are being completed. I heard that from the CEO himself. They currently have 5 projects in progress and will be largely into profit THIS YEAR.

Quit bashing. eom

Humbly just found out about this stock -- noticed Joemoney whom I've met on IH admin (Bob)'s thread is in charge here, so I humbly thought I'd take a look.

Anyone concerned about dilution here? A LOT of shares out there, more printed on a regular basis, it seems, from reading the filings at http://www.freeedgar.com .

Also, if I am reading the last 10QSB correctly (Filing Date: 2/20/2001) the company's net loss has doubled in the last year, to $221,989. When is the company expected to be profitable?

Not humbly interested in investing here, at all, but curious.

Humble thanks in advance!

Cheers,

Svejk

Things are lively...I like it. eom.

National Residential Properties, Inc. Board of Directors Approves 10% Stock Dividend

MIAMI--(BUSINESS WIRE)--April 12, 2001 --National Residential Properties, Inc. (OTCBB:NRES - news; Formerly OTCBB:NRPI), Richard Astrom, President and CEO, announced today that, ``The Board of Directors of NRES met and unanimously approved a 10% dividend to be paid in stock.'' Astrom further stated, ``Details of the stock split will be discussed with corporate attorneys and announcement forthcoming.''

Astrom further stated, ``This press release will be in Saturday's BARRON'S, Current Corporate Reports section in order to keep the company in view of America's sophisticated institutional and individual investors, financial professionals, corporate managers within the proper environment for the dissemination of corporate news.''

Launching of the web site at www.NRESP.COM is scheduled for today. The present web page is www.NRES.TV. Astrom stated, ``The company entered into a contract with Sharun Paroxy Organization LLC (www.sharun.net) for a new, modern and artistic web page with several engines for NRES office control of portions of the web page. Pictures of projects, the writing of the typed portion of the web page will be written and controlled from the NRES office, facilitating efficient communication to stockholders and investors of NRES.''

Earlier this week the company announced that it signed a lease for the leasing of the roof tops for Wireless Communications antennas with Message Center Management. The lease calls for $50,000 to $75,000 net rent to NRES per year per building to begin when the buildings are built and antenna network are in place during the first year after construction. The 4 NRES projects included are: Granada Grand Apts., Conquistador Plaza Apts., Barcelona Apts., and The Residences at Bay Harbor.

About MCM: (http://www.mcmgmt.com)

MCM (Message Center Management) is a Rooftop, Tower, site Management Company based in the heart of the Northeast. Our staff of industry professionals acts as a catalyst in bringing the wireless telecommunications industry and our client's property together to develop communication networks. MCM evolved from wireless network construction. Our founders and president were one of the first land mobile license holders in the wireless industry. As a license holder of paging and SMR frequencies, with 40 years of experience, the company built a network from Maine to Florida, and in the early 1990's went on to build and launch one of the first nationwide paging networks in North America.

Over the years and throughout these builds, property owners began to ask if we could manage their rooftops, towers, and water tanks and other structures and bring on other wireless carriers. Message Center Management evolved from the request and needs of those property owners. Today MCM manages over 1,000 properties throughout the northeast and an additional 800 properties throughout the country.

The company is seeking acquisitions and land for real estate developments.

ABOUT THE COMPANY

NRES, based in Miami, is a fully reporting company. NRES has five major projects where the company owns the land and is either under construction or in the plans and permitting process. The company's business is real estate development. NRES projects are: Building a 60 unit luxury apartment house in Miami known as GRANADA GRAND, upon sale the company will generate $7,000,000 revenues and $2,500,000 net income in 2002; Building a 60 unit luxury apartment house in Miami known as CONQUISTADOR PLAZA, now under construction, generating $7,000,000 revenues upon sale, and $2,500,000 net income in 2002; CONSTRUCTION PROGRESS REPORT: demolition and land clearing have been completed; the parking basement has been excavated and in process of building foundation; building forms for concrete column dowels is ongoing, when forms are in place, rebar steel will be installed; Perimeter wall to receive forms and steel are simultaneously being made ready for concrete pour, as well as underground plumbing.

Now under construction, the company is developing a subdivision in Vero Beach, Florida, known as EAGLE TRACE. EAGLE TRACE is a heavily deed restricted, walled, gated community with a lake in the center. NRES will build houses and sell lots to other builders. The sale of the lots in EAGLE TRACE will generate $1,500,000 net income in year 2001-2002.

A 60 unit condominium project known as THE RESIDENCES AT BAY HARBOR, located on Bay Harbor Island, which will generate $12,000,000 in revenues and a $2,500,000 profit to the company in year 2002. The building is pre-sold to one buyer before being built, generating $2,500,000 profit to the company; a 70 unit apartment house in Miami known as BARCELONA APARTMENTS, generating upon sale $8,000,000 revenues and $3,000,000 net income in 2002. ENCORE SERVICES, INC. is a licensed building contractor, and a wholly owned subsidiary, which is building the company projects thru it's affiliate Encore Builders Inc. and subcontractors.

Forward-looking statements in this press release are made pursuant to the ``safe harbor'' provisions of the Private Securities Litigation reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, competition, completion problems, technological changes and other risks.


--------------------------------------------------------------------------------
Contact:

National Residential Properties, Inc., Miami
Richard Astrom, 305/573-8882, Fax: 305/571-8357
Web Page: http://www.nres.tv


Email this story - Most-emailed articles - Most-viewed articles


--------------------------------------------------------------------------------
More Quotes and News: National Residential Properties Inc (OTC BB:NRES.OB - news)
Related News Categories: computers, construction, internet, networking, publishing, real estate, telecom

DD on NRES (Updated 4/9/01)

National Residential Properties Inc., Miami
2921 NW 6th Ave, Miami, FL 33127
Richard Astrom, 305/573-8882, Fax: 305/571-8357
WEB Page: http://www.nres.tv

OVERVIEW

Founded in 1993, NRPI specialized in investing and revitalizing established older residential neighborhoods of Miami, Florida. The company historically bought a deteriorated older house, remodeled it, and then sold it at a sizeable profit. Recently the company has bought vacant lots in similar neighborhoods and built one or two family homes on the lots and sold the completed home to a first time homebuyer.

Over the past thirty years, founder and company president Richard Astrom has rehabilitated more than 500 houses in South Florida. He and the company have a long successful record of identifying and buying distressed or foreclosed properties, completing renovations on those properties rapidly and inexpensively, and marketing the properties to first-time buyers. Mortgage financing provided by federal government programs administered thru Housing and Urban Development (HUD) was always used to make it possible for the buyer to purchase a house with a very low downpayment.

NRPI’s executive management has expertise in this particular real estate niche. By concentrating on older established neighborhoods, NRPI takes advantage of bargain prices of vacant land and abandoned homes. These opportunities are not normally sought after by builders.

It’s knowledge of the market has allowed NRPI to minimize costs and maximize profits. Currently, NRPI has lots in inventory in these established neighborhoods and will build new houses that will be sold to first time homebuyers for $90,000 and produce $15,000 profit for the company.

In 1999 the Company bought land to build a 60 unit apartment building in a prestigious area of Miami, at the northern border of Coral Gables.

In 1999 the Company contracted to buy land to build a 60 unit apartment building in a very good neighborhood of Miami.

In 2000 the Company contracted to buy land in Miami on which the company will build 100 condominium units and sell them individually to homebuyers.

In 1999 the Company bought a citrus grove in Vero Beach, Florida. The twenty acres was rezoned and the Company closed on the land in 2000. Lots will be sold to homebuyer "retirees" from the northern states. The Company will either sell the lot and the buyer will employ their own architect and contractor, or the Company will build the home for the homebuyer.

In 2000 the Company acquired a building contractor, Encore Services, Inc. Encore will build the apartments, condominiums, build the roads and sewers as well as houses in Vero Beach and other projects the Company develops. Encore Services Inc is a licensed building contractor and can pull building permits throughout the State of Florida. The acquisition of Encore gives NRPI control of building costs, building schedules, and cost control.

NRpi is based in Miami and shares offices with Encore Services, Inc.

MARKET

National Rehab Properties, Inc. has worked in several communities of the Southeast United States and management has decided that it’s business can be best implemented in South Florida as there is a tremendous demand for housing in Miami and there is also a large older residential area in which to work and develop into new housing. Miami, and South Florida is a large enough area for NRPI to do multiple projects simultaneously.

MANAGEMENT

The company's key personnel have been active in all phases of real estate operations for over 30 years -- buying, selling, construction, developing, mortgaging and brokerage. They have long-established roots in Florida and have completed thousands of individual real estate sales, developments, and mortgages from which to gather experience. Philosophically management believes that "the money is made when you buy the land". They have employed the team concept, taking full advantage of each individual's expertise in acquiring, rehabilitating, building, marketing, and selling property and are dedicated to creating the "cookie cutter model" for duplication in other markets while continuing to do the above described 4 phase model in South Florida.

OBJECTIVES

National Rehab Properties, Inc. expects its sales volume to be its two apartment complexes and Vero beach Subdivision, $15,500,000 in the year 2001, generating $7,000,000 pretax net income. The Company plans to increase its sales volume to $30,000,000 in the year 2002, generating $15,000,000 pretax net income. Sales in the year 2002 will be from additional apartment complexes and condominiums to be developed on which the company is doing due diligence in year 2000.

Stock Quote: http://quote.yahoo.com/q?s=NRES.OB
Press Releases: http://biz.yahoo.com/n/n/nres.ob.html
Current Projects: http://www.nres.tv/projects.htm
Executive Summary: http://www.nres.tv/exec/overview.htm
Plan of Operation: http://www.nres.tv/plan.htm
Management: http://www.nres.tv/management.htm
CEO Interviews: http://www.wallstreetnewscast.com/profile/nres/main.html
SEC Filings: http://ragingbull.edgar-online.com/brand/ragingbull/search/?sym=NRES
Homepage: http://www.nres.tv/main.htm

Message Boards:
http://ragingbull.lycos.com/mboard/boards.cgi?board=NRES
http://www.investorshub.com/beta/board.asp?board_id=499
http://www.siliconinvestor.com/stocktalk/subject.gsp?subjectid=50659
http://msgboards.cnbc.com/default.asp?txtfindboard=nres&symbol=nres

Important step made by NRES. large jump upwards. hopefully it will maintain it's rise. eom

Hi Joe, notable volume on NRES today, and the 50% gain was nice! We have NRES as a POW pick on Archie's Corner. Come check us out if you have a chance.

http://www.dimgroup.com/cgi-bin/screener2.pl?las1=0.0001&las2=0.10&c=0&Enter=Enter

b/r Arch

CSCO at 13 is a sign that we are very close to a bottom.

I am really getting into NRES. i really like the company and the price. what they are doing in miami looks like they are going to be a much larger company in the future. it's worth a lot more than .0045.

joe

Good Luck To NRES And Welcome To The Civilized IHUB Community... Stop By And Say Hello To All Of Us Tech Heads On The New F2 Network Board... FBNI...

You will soon discover the joys of member controlled message boards... Members can keep their boards attack free and a safe place for investors to have a real dialog regarding a company's strenghts and weaknesses...

Lots of recent good news for NRES and FBNI so let me get the 1st post under our belts... Will stay in touch as I really like this company and have owned it in the past...

Hey the market is hurting us all almost equally... Cisco at $13 ??? Analysts are saying this is the bottom... We shall see... papaH