Gulf West Investment Properties Announces the Purchase of 20 Acres in North Tampa for Development

Jun 16, 2010, 09:00 ET from Gulf West Investment Properties, Inc.

TAMPA, Fla., June 16 /PRNewswire-FirstCall/ -- Gulf West Investment Properties, Inc. (Pinksheets: GLFW) is pleased to announce the purchase of 20 acres already zoned and permitted for 105 units in North Tampa. GLFW can build an average 2,100 square foot house and sell it in the low 200's. First time home buyers can qualify and get all the tax credits and GLFW can actually provide family housing for less than the price of a two bedroom apartment. GLFW is passing these types of savings along to the consumer. In addition, GLFW can stay at the same profit margins while delivering a superior product.

"Since the recession there are a lot of great buys out there on properties, to say we purchased this property for a song, will make our investors sing," said Gary Gauthier, President/CEO, Gulf West Investment Properties, Inc. (Pinksheets: GLFW).

About Gulf West Investment Properties, Inc

Gulf West Investment Properties, Inc (Pinksheets: GLFW) is a development & investment company. GLFW develops new projects with traditional design, or old projects redesigned with new ideals. GLFW provides investment portfolios & opportunities in property building and management. Gulf West Investment Properties Inc. plans to continue developing and expanding its business plan over the next twelve months. GLFW plans to take advantage of reduced construction and labor costs and lower prices due to increased inventory.

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SOURCE Gulf West Investment Properties, Inc.