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2008
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2006 News and Press Releases
For Immediate Release:
Bresler & Reiner, Inc. (OTC Bulletin Board: BRER) Announces the Declaration of a Cash Dividend
ROCKVILLE, Md., May 12 . -- Bresler & Reiner, Inc.
(OTC Bulletin Board: BRER), announced today that on May 10, 2006 our Board of
Directors declared a cash dividend of $0.15 per share of common stock. The
dividends declared May 10, 2006, will be paid on June 15, 2006 to record
holders of our common stock as of June 1, 2006.
About the Company:
Bresler & Reiner, Inc. owns and develops land and commercial residential,
and hospitality properties, principally in the Washington, DC; Philadelphia,
Pennsylvania; Houston, Texas; Baltimore, Maryland; the Maryland Eastern Shore;
Wilmington, Delaware; and Orlando, Florida metropolitan areas.
Supplemental Information:
SEC Filings (including Forms 10-K, 10-Q, 8-K and proxy materials) are
available at http://www.breslerandreiner.com or at http://www.sec.gov or may
be requested in e-mail or hard copy formats.
This press release may contain forward-looking statements that are based
on current estimates, expectations, forecasts and projections about us, our
future performance, the industry in which we operate, our beliefs, and
management's assumptions. In addition, other written or oral statements that
constitute forward-looking statements may be made by or on behalf of us.
Words such as "expects," "anticipates," "targets," "goals," "projects,"
"intends," "plans," "believes," "seeks," "estimates," or "would be," and
variations of such words and similar expressions are intended to identify such
forward-looking statements. These statements are not guarantees of future
performance and involve certain risks, uncertainties and assumptions that are
difficult to predict. Therefore, actual outcomes and results may differ
materially from what is expressed or forecasted in such forward-looking
statements. These risks and uncertainties include: our ability to compete
effectively; our exposure to the credit risks of our tenants; our ability to
recruit and retain key personnel; adverse changes in the local or general
economy and market conditions; our ability to obtain necessary governmental
permits and approvals; our ability to complete development projects in a
timely manner and within budget; our ability to secure tenants for our
projects and properties; our ability to sustain occupancy levels at our
properties through keeping existing tenants and securing new ones; our ability
to secure tenants for the residential and commercial properties that we
develop; changes in the interest rate environment which will affect our
ability to obtain mortgage financing on acceptable terms; future litigation;
and changes in environmental health and safety laws.
SOURCE Bresler & Reiner, Inc.
Mr. Sidney M. Bresler, Chief Executive Officer and President of Bresler &
Reiner, Inc., +1-301-945-4300
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