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WALL STREET FINANCIAL CORP. (WSFC) ANNOUNCES SALE OF BELIZE PROPERTY

 HONOLULU, Jan. 25 /PRNewswire/ -- W. Lawrence Clapp, president of Wall Street Properties Inc., a wholly owned subsidiary of Wall Street Financial Corp. (OTC Bulletin Board: WSFC) (WSFC) today announced the sale of 2,000 acres of prime beach front real estate in the country of Belize (South America) to Caribbean Riviera Resorts Inc., a wholly owned subsidiary of EIF Holdings (EIFH) for the total purchase price of $3,000,000 in cash and stock. Wall Street Properties will also retain a 10 percent interest in the development of the project by EIF Holdings. Wall Street Financial Corp. still owns more than 3,000 acres of prime beach front property in Belize and is currently discussing development of the property on a joint venture basis with a number of groups.
 Wall Street Financial Corp. is a progressive holding company whose goals are to cultivate sustained growth and profitable operations through ongoing mergers and acquisitions in the areas of food, technology and real estate.
 -0- 1/25/93 R
 /CONTACT: Financial Telesis Investor Relations, 808-734-3480, or fax, 808-732-4182, for Wall Street Financial/
 (WSFC)


CO: Wall Steet Financial Inc. ST: Hawaii IN: FIN SU: TNM

EH-TM -- LA002 -- 8938 01/26/93 09:15 EST
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Publication:PR Newswire
Date:Jan 26, 1993
Words:201
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