8000inc (EIGH.pk) Commences Real Estate Operations purchasing properties valued at $1.5M USD at 40 cents on the dollar

As part of it $10MUSD draw down recently announced, and as part of its real estate expansion strategy, 8000inc has purchased 6 properties in the North East USA.

MANASSASS, VA, March 2 /PRNewswire-FirstCall/ - In line with the property and investment strategy, 8000inc has purchased 6 residential properties in North East USA. The investment team negotiated a 40 cents on the dollar block purchase of all properties giving the previous owner their exit strategy whilst ensuring the maximum potential profit for 8000inc. This move is part of the team's global strategy to not only manage and sell properties on behalf of clients, but also to build a significant corporate property portfolio as a cash buyer.

The sale and leasing of 8000inc property will be associated in part with Sky Villas Realty, but the acquisition of property across the US will be run and managed by the 8000inc Investment team.

Thomas Kelly, CEO 8000inc, stated, "This development was always planned as part of the long term strategy for the 8000inc investment team. Having negotiated the $10M USD draw down utilising non-dilutable shares as previously announced, we now have the cash available to make our move on the US property markets and property development. The team will also manage the planned 8000inc Stadium in Barbados during 2010." Thomas added, "For the company to be able to move forward at such a pace is commendable and I congratulate all involved. For the team to create the vehicle to undertake realty purchases and development and to do this without dilution of the corporate treasury, nor engage in costly financing, is truly impressive. The 8000inc vision is now gearing up with the teams, the strategy and cash in place. But more importantly, all of the components have to move in unison and when the opportunity is at its greatest across all our businesses. All I can say is the team is doing just that, and then some."

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000 Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

SOURCE 8000 Inc.