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Cascadia Investments, Inc. (PINKSHEETS: CDIN)(March 13, 2008) announced yesterday that its current portfolio of eleven rental properties is operating at full occupancy with an average of one or two days between vacancies due to a waiting list of prospective tenants. This is occurring even during the traditionally high-vacancy winter months.
The current turmoil in the real estate markets is creating a huge demand for rental accommodations as many people are forced to downsize. This condition is putting an upward pressure on rental rates as demand increases and availability decreases -- a trend that should continue into the foreseeable future.
As a result, the company plans to review each of its properties over the next few weeks and implement rent increases of five to ten percent where appropriate, which will result in a positive impact on its earnings over the next couple of quarters. This will translate into increased revenue and a higher rate of return on its holdings.
About Cascadia Investments, Inc.
Cascadia Investments, Inc. (PINKSHEETS: CDIN) is a publicly traded real estate development company operating in the Pacific Northwest. The company's principal objective is to create equity and long-term earnings growth through the acquisition and development or renovation of undervalued and foreclosed real estate.
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Southern Home Medical Equipment, Inc. (PINKSHEETS: SHMM)(March 13, 2008) announced earlier today that its subsidiary ApneaRX generated sales of $57,751.00 for the month of February. Greg Tucker, President and CEO of Southern Home Medical, stated, "Taking into consideration the fact that February is the month when deductibles most impact incoming revenue, we were very pleased with our results." ApneaRX's primary business is supplying durable medical equipment for the treatment of long-standing or severe sleep-disordered breathing, also known as sleep apnea, with a secondary focus on respiratory products. Sleep Apnea causes persons to involuntarily stop breathing dozens of times each night, waking them up gasping for breath. More than 18 million Americans suffer from the most common form of sleep apnea, Obstructive Sleep Apnea (OSA), and up to 90% of persons with the disorder remain undiagnosed. Greg Tucker, President of Southern Home Medical, stated, "When we acquired ApneaRX this past year, we established an immediate footprint for servicing the growing sleep market. ApneaRX specializes in continuous positive airway pressure (CPAP) and BiPAP (Bilateral) equipment to treat OSA. Awareness of the issues aggravated by sleep apnea such as exhaustion, oxygen deprivation, stroke, high blood pressure, and Type II diabetes is on the rise, and make detecting and treating sleep apnea more important than ever. ApneaRX is poised to meet anticipated increased market demand for those seeking comfort and management of their sleep disorders and other respiratory illnesses."
About Southern Home Medical Equipment, Inc.
Southern Home Medical is a holding company with a focus on nurse staffing operations. Formed in January 2005, with its principal place of business in Lyman, S.C., Southern Home Medical will be expanding its operations through the start up and support of Encore Medical Staffing businesses on a national level. Encore Medical Staffing, Inc. supplies quality healthcare professionals on a per diem and temporary contract basis to hospitals, rehab centers, nursing homes and other medical facilities. The majority of the staffing professionals consist of Registered Nurses, Licensed Practical Nurses and Certified Nursing Assistants. Encore Medical Staffing, Inc. is aggressively recruiting motivated business professionals interested in franchising opportunities.
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SpaceDev, Inc. (OTCBB: SPDV)(March 13, 2008) announced yesterday that it is on the team led by Orbital Sciences Corporation, which was awarded a space technology demonstration contract from the Defense Advanced Research Projects Agency (DARPA). The award is for the Future, Fast, Flexible, Fractionated, Free-Flying Spacecraft United by Information Exchange (System F6) space technology and demonstration program.
The program is intended to "demonstrate that a traditional, large, monolithic satellite can be replaced by a group of smaller, individually launched, wirelessly networked and cluster-flown spacecraft modules," as stated in a news release by DARPA last week. The full DARPA press release can be found on DARPA's website at www.darpa.gov/body/news/2008. Other companies on the Orbital team include; IBM, Jet Propulsion Laboratory, Georgia Institute of Technology, and Aurora Flight Sciences.
"We congratulate Orbital for this significant first phase contract award and express our appreciation for the opportunity to be part of this terrific team," said Mark N. Sirangelo, SpaceDev's Chairman and CEO. "This technology has the potential to significantly alter spacecraft design and we are very excited to be providing a contribution to this effort."
About SpaceDev
SpaceDev, Inc. is a space technology/aerospace company that creates and sells affordable and innovative space products and mission solutions. For more information, visit www.spacedev.com.
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