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Cascadia's Internet Division Announces Its Latest Acquisition

^{Published on 2009-11-19 08:38:27 - Market Wire}
 

TACOMA, WA--(Marketwire - November 19, 2009) - (PINKSHEETS: [ CDIV ]) -- The Internet Division of Cascadia Investments, Inc. announced today that it has acquired a 50 percent interest in [ www.nameringers.com ], a website featuring over 2,000 personalized ring tones. Cascadia's joint interest in nameringers.com includes all rights to the music, ring tones, and brand.

In announcing the acquisition, Cascadia's president and CEO Mr. Maherali stated, "We will continue to invest in Internet businesses, like nameringers, as part of our commitment to create long-term value for shareholders."

Annual mobile music revenues, according to Juniper Research, are expected to top $14 billion worldwide by 2011 with the Asia Pacific market contributing 40%, Europe 27%, North America 18% and rest of the world 15%.

Cascadia Investments, Inc. (PINKSHEETS: [ CDIV ]) is a publicly traded, internet and real estate development company operating in the Pacific Northwest. The company's principal objective is to create equity and long-term earnings growth through the acquisition and development of undervalued real estate and cutting edge internet properties.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.