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Composite Solutions, Inc. Signs Purchase Agreement for Land Development Project

Posted on: Wednesday, 6 June 2007, 15:00 CDT

NEWPORT BEACH, Calif., June 6 /PRNewswire-FirstCall/ -- Composite Solutions, Inc. (BULLETIN BOARD: CPUT) announced today that they have entered into an agreement to purchase fifteen acres of residential land in Twentynine Palms, CA. The land is comprised of three five-acre parcels, two of which have already been entitled with a tentative tract map to build forty single-family homes.

CSI plans to build the homes as income generating rental properties to meet demand in the area. The Marine Corps Air Ground Combat Center (MCAGCC), located in Twentynine Palms, is the world's largest U.S. Marine base for troop combat and ground training.

Once built, the company anticipates first phase of forty homes on the property will generate more than five-hundred thousand dollars per year in gross receipts, with an additional two-hundred fifty thousand per year should the company entitle and build an additional twenty homes. The company will also enjoy the flexibility of placing some or all of the homes on the market for a faster return.

The property will be in escrow for up to forty-five days as the company arranges for the financing of the purchase and the project.

About Composite Solutions, Inc.

Composite Solutions, Inc. is an investment-oriented company focused on acquiring income-generating commercial, industrial and residential properties in the evolving real estate market. In addition, the Company is also structured to build additional revenue streams through the design, development and construction of income properties for direct sale to the public. Learn more at our website http://www.csicput.com/ or contact us at info@csicput.com

About Twentynine Palms. (From the Twentynine Palms City Website, http://www.29Palms.com)

Home of Joshua Tree National Park and Park Headquarters, proud host of the Marine Corps Air Ground Combat Center, the world's largest Marine Base, and with renowned world class murals and artists, the city offers a skilled labor force, a supportive business climate, clear skies, beautiful natural surroundings, desert and mountain vistas, and a family lifestyle. The city is located between Interstate 15 and 10 on State Highway 62, fifty-seven miles East of Palm Springs. The community is situated in the Morongo Basin portion of the San Bernardino County Mojave Desert.

From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements.""Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.

Composite Solutions, Inc.

CONTACT: Walter Wright of Composite Solutions, Inc., +1-949-374-2894,info@csicput.com

Web site: http://www.csicput.com/http://www.29palms.com/

Source: PRNewswire-FirstCall

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