ORLANDO, Fla., Oct. 19, 2004 (PRIMEZONE) -- Fortune Real Estate Development Corporation (Pink Sheets:FRDJ) will kick off a major public relations campaign on November 4, 2004. This will be a national campaign designed to create awareness about the company and its mission to develop affordable condos for middle-income families. Fortune focuses primarily on purchasing hotels and apartment buildings and converting them to condos.
The campaign includes a road show which will start in Florida and travel through most of the continental United States.
When contacted, Delroy Cowan, the CEO of Fortune, said there is currently an incredible demand for affordable condos and sales for the company over the next 24 months are now projected to exceed earlier expectations.
Fortune Real Estate Development Corporation is a Florida based company which started trading publicly in late September 2004 under the symbol FRDJ.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.