SOURCE: Coastal Holdings, Inc.

August 30, 2006 11:45 ET

Coastal Holdings, Inc. Cancels Forward Stock Split

Forward Split Deemed Not in Best Interests of Shareholders

HOUSTON, TX -- (MARKET WIRE) -- August 30, 2006 -- Coastal Holdings, Inc. (PINKSHEETS: CSJJ), today announced that it has cancelled the planned 150 for 1 forward split of the Company's common stock. Newly appointed CFO Yves C. Renaud recommended the cancellation to the Board of Directors, which was subsequently approved after analyzing Coastal Holdings' capital structure and the technical reasons provided by the Depository Trust Company (DTC). The Forward Split was deemed not to be in the best interests of the Company's shareholders.

For more information on Coastal Holdings and its new strategic growth initiatives, CEO Andrea Cortellazzi advises all shareholders to contact Mr. Yves C. Renaud, CA.

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.

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