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Corporate Profile for Monarch Investment Properties Inc., dated Aug. 21, 1998.


--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-


Published Date:   Aug. 21, 1998

Company Name:     Monarch Investment Properties Inc.

Address:          82-17 153 Avenue
                  Howard Beach, NY 11414

Main Telephone
 Number:          718/641-1098


Chief Executive
 Officer:         Anthony Gurino

Chief Financial

 Officer:         Anthony Gurino

Investor Relations

 Contact:         Anthony Gurino
 Business number: 718/641-1098

Public Relations
 Contact:         Anthony Gurino
 Business number: 718/641-1098

Trading Symbol/
 Exchange:        MIPR

Industry:         Home Building/Real Estate

Market Makers:    None






Company description: Monarch A data capture program from Datawatch Corporation, Chelmsford, MA, (www.datawatch.com), that is used to transfer data from mainframe and minicomputer reports to the PC. It uses report files that contain data ready to print.  Investment Properties, Inc., Howard Howard, English noble family. Landowners in Norfolk from the 13th cent., the Howards obtained the duchy of Norfolk through the marriage of Sir Robert Howard to Margaret Mowbray, daughter of Thomas Mowbray, 1st duke of Norfolk.  Beach, N.Y.11414

Principal subsidiary: Tahoe Ta·hoe   , Lake

A lake on the California-Nevada border west of Carson City, Nevada. It is a popular resort area.
 Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 Corp.

Tahoe Realty Corp. is currently working on the Tahoe Street Development project involving the development and sale of 8 two-family houses. The project is being managed by Anthony Gurino. Construction began in June June: see month. , 1998, and using non-union labor, and is expected to be completed by December December: see month.  1998. Proceeds from sales and total costs to develop the property, including administrative and financing costs, are estimated to be approximately $2,870,000 and $2,310,000, respectively. To date, two of the homes have been pre-sold for $705,000.

  CONTACT: Monarch Investment Properties Inc.


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Publication:Business Wire
Article Type:Article
Geographic Code:1USA
Date:Aug 21, 1998
Words:214
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