SOURCE: Coastal Capital Acquisition Corp.

April 13, 2010 09:00 ET

Coastal Capital Acquisition Corporation Subsidiary Closes a Deal With Investmentnation.com

ATLANTA, GA--(Marketwire - April 13, 2010) - Coastal Capital Acquisition Corp. (PINKSHEETS: CCAJ) announced today that it has finalized and closed a deal between its wholly owned subsidiary Coastal Capital Consulting Inc and Investmentnation, Inc. Through this merger Investmentnation.com became a minority held subsidiary of Coastal Capital Consulting Corp., which is a wholly owned subsidiary of Coastal Capital Acquisition Corp.

Investmentnation.com was founded by Michael and Jeff Montange, both of whom served our country in the Army and were injured in Iraq. Investmentnation.com is a full service virtual conference firm that provides a cost effective visibility strategy to public and private companies alike. The company also owns and operates a state of the art public message board forum that includes an array of due diligence tools.

Coastal Capital's CEO, Jeff Berkowitz, said, "I am proud to announce this deal with Investmentnation.com for many reasons. First and foremost it will add value to and for CCAJ and its shareholders. Let's not forget that Ragingbull was bought by Terra Lycos for an undetermined amount but rumored to be approx $20,000,000. Also the only other viable message board solution that has had any longevity to it is the Yahoo (YHOO) message board forum. Other forums have come and gone with the tide of investors.

"More importantly Investmentnation.com was founded by what I consider 2 American heroes who served our country in Iraq, both of whom were wounded in action. In 2007 while recuperating in the hospital from an IED attack Michael and his brother Jeff Montange began the process of creating Investmentnation.com with the theme of helping investors by shining a light on CEOs for investors and potential investors of public companies. With that said and a big thank you for their service to this country, I encourage all shareholders and potential shareholders alike that are reading this press release to visit Investmentnation.com and to register as well as to tell your friends and fellow posters to register and visit the over 16,000 different stock forums that encompass Investmentnation.com. The website also has certain specific features which in my opinion set it aside from the competition. Such as the ability to see what other message board forums are saying regarding the same company without having to leave Investmentnation.com. A user also has the ability to interact or post to those other message board forums without leaving Investmentnation.com. Investmentnation.com also produces live and pre-recorded interactive CEO interviews. This technology allows shareholders or potential shareholders to interact with the CEO of a particular company through audio, text and visual means. If a shareholder or potential shareholder asks tough questions and the CEO has a tough time answering? The spotlight is on and investors can and should act accordingly. These interviews can and will be archived to the Investmentnation.com website and the related stock message board as well. I look forward to utilizing that spotlight and forum to interact with our shareholders on a regular basis. The principals of Investmentnation and Coastal Capital have agreed to a revenue share agreement. This agreement gives Coastal Capital 50% of any and all CEO interview revenue that is brought into Investmentnation.com by Coastal Capital Acquisition Corp. and its subsidiaries."

Michael Montange, CFO of Investmentnation.com, said, "My brother Jeff and I had a vision which we worked towards that became a reality over the past 3 years. Given this venture and relationship with Coastal Capital Consulting and its associates, together with the strategy of Investmentnation.com becoming a standalone public entity in the future, I am certain that the goals we set 3 years ago for Investmentnation.com will be met."

Jeff Montange, CEO of Investmentnation.com, also commented saying, "This strategy affords Investmentnation.com time to build our brand through a publicly owned company and subsequently into a publicly traded entity when the timing is right. I look forward to working with Jeff Berkowitz and the associates of Coastal Capital to accomplish the mission. Some of the new bells and whistles that we are working on to offer through the site are our 'papertrader beta' and the Investmentnation.com trader pro lvl2 platform! We are also going to sponsor certain contests going forward with prizes such as free lvl2 and certain other prizes of value. I invite all shareholders and investors alike to register and to use Investmentnation.com and it's free to use."

Forward-Looking Statements:

This report contains forward-looking statements, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in any such forward-looking statements include our ability to continue to lower our costs, our timely development and customers' acceptance of our products, including acceptance by key customers, pricing pressures, rapid technological changes in the industry, increased competition, our ability to attract and retain qualified personnel, our ability to identify and successfully consummate future acquisitions; adverse changes in customer order patterns, adverse changes in general economic conditions in the U.S. and internationally, risks associated with foreign operations and political and economic uncertainties associated with current world events.

Contact Information

  • Contact:
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    Richard Kravets
    (215) 485-8239