SOURCE: Steadfast Holdings Group, Inc.

August 08, 2008 09:32 ET

Steadfast Holdings Group, Inc. Announces Production Contract

MERIDEN, CT--(Marketwire - August 8, 2008) - Steadfast Holdings Group, Inc. (PINKSHEETS: STHG) announced that it has signed an agreement to provide exclusive coated door production for CT Cellar Doors.

STHG and CT Cellar Doors will jointly pursue the marketing for these doors. CT Cellar Doors began purchasing our coated products in early spring 2008 and have been pleased with the benefits of our arrangement. All doors sold are expected to use STHG proprietary coatings product exclusively because of their durability and longevity, to further enhance the quality and customer satisfaction of the CCD product line. STHG will receive a minimum of $389,000 in the first year of this agreement. The first doors for the agreement have been received for coating.

CT Cellar Doors has been installing doors in the Northeast for six years and have several million in sales and installation during their history.

About Steadfast Holdings Group, Inc.

Steadfast Holdings Group, Inc. is the parent of Steadfast Automotive and Steadfast Custom Linings that provide custom auto and truck coatings, bed liners, custom interior kits for commercial vehicles and other accessories. Additional revenue sources include spray on coatings for bridges, exterior metals, and many other commercial applications plus the sale of store licenses and product sales to licensees.

Safe Harbor

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

Contact Information

  • CONTACT:
    Steadfast Holdings Group, Inc.
    Investor Relations
    203-466-8000