SOURCE: Coastal Capital Acquisition Corp.

April 29, 2010 09:23 ET

Coastal Capital Acquisition Corporation Subsidiary Inks a Consulting Deal With South Carolina Trophy White Tails

ATLANTA, GA--(Marketwire - April 29, 2010) -  Coastal Capital Acquisition Corp. (PINKSHEETS: CCAJ) announced today its wholly owned subsidiary, Coastal Capital Consulting Inc., signed a consulting agreement with South Carolina Trophy White Tails, SCTWT owns and operates a full service hunting lodge situated on 30 acres in Lodge, South Carolina and has over 10,000 acres under management for hunting deer, wild boar and turkey. Hunters are treated to three great southern style home cooked meals per day, excellent sleeping accommodations and some of the friendliest guides whose job it is to bring you to and from your hunting stands. The state of South Carolina has the longest running deer hunting season in the country at five months, as well as the largest bag limit which is as many as two deer per day. Those that enjoy wild boar hunts can take advantage of the huge wild boar population and can hunt year round with no bag limits. There is also a spring turkey season for those so inclined to hunt turkey with a bag limit of 2 per day.

Coastal Capital CEO Jeff Berkowitz said, "I've hunted with Mark his two sons and South Carolina Trophy White Tails for a couple of years and I saw the dedication, experience and results first hand. Needless to say I was impressed by this family run business which exudes southern hospitality along with the ability to manage of up to 15 hunters per day. From a business standpoint the long hunting seasons, large daily bag limits and great weather create a catalyst for growth without the need for incurring huge corporate debt. Thus the reason we feel good about advising SCTWT in its quest to expand and to become a public company.

South Carolina Trophy White Tails CEO Mark Petrantoni Sr. said, "I've known JB for a couple of years now. He and I discussed taking my company public the very first day we met, however the timing was not right back then.The economy has bounced back since and with that bounce comes demand from hunters that now have disposable income to enjoy the sport of hunting. Through this process of taking my company public we are looking to expand our operations by acquiring leases with new landowners as well as the promotion of our hunting lodge through advertising in magazines and televised hunting shows. I think hunters, potential hunters and the investing public alike will enjoy being able to see our operations in action. We expect to announce the dates, venue and channel of our first hunting show next week.

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:

    Investor Relations
    Richard Kravets
    (215) 485-8239