Coldwell Banker Lists Chartwell Property At $2.9 Million.Business Editors DENVER--(BUSINESS WIRE)--April 1, 2002 Chartwell International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CRWJ), a publicly traded holding company, today announced they have entered into an exclusive contract with Coldwell Banker to sell Chartwell's real estate asset located in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. county's city of Ramona, California. The 200-acre parcel is being listed at $2,900,000. Coldwell Banker (www.previewsestates.com) and agent Marilyn Watson of their Beverly Hills, California office is handling the sale. Ms. Watson has over 23 years of real estate sales experience in California and is consistently ranked among the top-producing realtors in the highly competitive Los Angeles market. In describing the Chartwell listing, Ms. Watson stated, "This unique property is an ideal location for a golf course or for the ultimate private hideaway custom home. Alternatively, zoning for this property also provides for approximately 37 single-family 4-acre dwellings. Developers interested in a scenic project, with beautiful rolling hills and mountain views, should be immediately attracted to this rare and prestigious Ramona property." Ms. Watson can be reached at telephone 310/281-4546. Dr. Janice Jones, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Chartwell International, stated, "We are pleased to have Ms. Watson and the Coldwell Banker team representing our property, and we anticipate positive results from this." The Company is a fully reporting issuer, and Chartwell's common stock is quoted on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Over-The-Counter Bulletin Board under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors CRWJ. COMPANY WEBSITE: www.chartwellinternational.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. |
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