BUENOS AIRES, Argentina, Feb. 13 /PRNewswire-FirstCall/ -- CRESUD (NASDAQ:CRESY) announces the following Webcast:

    What:     CRESUD's 2nd Quarter 2008 Conference Call

    When:     Wednesday, February 13, 2008 @ 10:00 AM Eastern

    Where:    http://www.videonewswire.com/event.asp?id=45932

    How:      Live over the Internet --
              Simply log on to the web at the address above.

    Contact:  Esteban Grinberg, egrinberg@cresud.com.ar, (54 11) 4814-7846

If you are unable to participate during the live webcast, the call will be archived at http://www.videonewswire.com/event.asp?id=45932.

CRESUD is one of the leading agricultural companies in Argentina and the only one quoting on the Buenos Aires Stock Exchange and in the NASDAQ.

Since September 1994, the company has faced a unique transformation carrying out considerable investments in lands, cattle and technology. This enabled it to be considered a Real Estate Investment Trust (REIT) in the argentine agricultural market. Generally REIT's have had an ample diffusion in the U.S. but are not very common in our country. Cresud is virtually working as one of these REITS due to the effort dedicated to the formation of an attractive portfolio of rural estates and its exploitation. One of Cresud's advantages is its concentration in Argentina, a country known for the quantity and quality of its land as well as its role as one of the main exporters of agricultural products.

Cresud's strategy is to continue consolidating its position as one of the leading companies in the market.

Source: Cresud S.A.C.I.F. y A.