The board of directors and majority of the stockholders of Crystal Properties Holdings Inc. approved the increase of the authorized number of shares of the company's common stock from 90,000,000 to 990,000,000 shares. The total number of shares of stock the Corporation is authorized to issue shall be One Billion (1,000,000,000) shares at $0.001 par share value. This stock shall be divided into two classes and designated as 'Common Stock' and 'Preferred Stock'.

Crystal Properties Holdings Inc. has in escrow and is due to close shortly on a twelve-story commercial building which will potentially have approximately 230,000 square feet of commercial lease space. The project marks the first rehabilitation project and expansion into the Midwest region.

Crystal Properties Holdings Inc. provided earnings guidance for the full year of 2008 and 2009. The Company is estimating gains throughout 2009 to reach levels of $45 million-$50 million based on the abundant inventory of properties that continue to flood the market due to bank foreclosures, the current credit crunch and other economic and recessionary forces. The 2008 projection of $12 million-$18 million which was not realized due to market conditions and the current economy. CPHG estimates realized gains will not be recognized until residential sales stabilize and the market reaches an equilibrium. The majority of the realized gains are anticipated to be obtained from the resale of real estate which had been previously purchased and/or is anticipated to be purchased at discounted prices. Although most of the targeted properties require heavy rehabilitation, many properties can be immediately sold and liquidated for a profit in the current market. The Company anticipates financing many potential approved buyers in order to generate and achieve higher returns and stronger cash flows on property acquisitions. Up to 25% of the realized gains are anticipated to be from the monthly rental of acquired properties.