Empyrean Holdings Inc. to Invest $5 Million in Commercial/Retail Properties in Wisconsin.HOUSTON -- Empyrean Holdings Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EPYH), a national real estate holding firm, plans to invest $5 million in a new commercial real estate development project in Kewaskum, Wisconsin Kewaskum is a village located mostly within Washington County, Wisconsin. The population was 3,274 at the 2000 census. The village is located mostly within the Town of Kewaskum. On May 21, 2003, the village annexed a portion of land in the Town of Auburn in Fond du Lac County. through its affiliation with United Construction Group. The Kewaskum area is the most rapidly expanding community in Wisconsin and is one of the most significant development areas in the state. United Construction Group is undertaking $50 million of commercial, retail, and residential construction in the area and it is anticipated that Empyrean will be the only outside investment firm to be involved with the project. 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. Robert L. Lee provided, "Our partner is planning to develop a beautiful village-style retail center in the middle of Kewaskum, complete with a hotel, restaurants, professional office space, and several breathtaking lakes which will be converted into ice skating ice skating, gliding along an ice surface on keellike runners known as ice skates. Skating as a Sport Skating, besides being an important form of winter recreation and the essential skill in the game of ice hockey (see hockey, ice) has developed rinks in the winter. This is an incredible investment opportunity for our firm, and we expect to see double-digit returns during the first three years of the center's operation. We have been the only outside firm asked to participate and we would like to thank UCG UCG United Church of God UCG Underground Coal Gasification UCG University College Galway UCG Unified Communications Group (Microsoft) UCG Universal Command Guide for Operating Systems (Guy Lotgering book) for this opportunity." The development is located along a recently completed four-lane highway which has brought an immense amount of new traffic to the area. Kewaskum is nestled within one of the most beautiful locations in Wisconsin and attracts a significant amount of tourism each year while offering a high standard of living for the rapidly-growing population of local residents. Note: "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 in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. |
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