SOURCE: Steadfast Holdings Group, Inc.

February 17, 2010 09:57 ET

Steadfast Holdings Group, Inc. Update on Contracts

AUSTIN, TX--(Marketwire - February 17, 2010) -  Steadfast Holdings Group, Inc. (PINKSHEETS: STDF) is moving forward with the emergi-care medical center contract in California. These sites are currently in the engineering and architectural planning phase with the size and scope of the buildings and the planned operations substantially expanded. These sites have been slowed by the uncertainties that surrounded the health care bill.

The building sites, financing sources and operators have been identified. Construction is expected to begin in July 2010. The site planning and permitting process will begin upon completion of the architectural plan.

In other company news... Please make note of the new company address and phone number. Check us out at  http://twitter.com/STEADFASTGLOBAL. Our new E-Mail address is STEADFASTHOLD@GMAIL.COM

Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports.

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