SOURCE: Canadian Blue Gold Inc.

September 19, 2007 11:18 ET

Canadian Blue Gold Inc. (Coastal Holdings) in Negotiations to Acquire Massive Distribution Contract for Revolutionary Water Product in US Market

Management Provides Update on Symbol Change

HOUSTON, TX--(Marketwire - September 19, 2007) - Coastal Holdings Inc. (PINKSHEETS: COHG) today announced that management is currently negotiating a massive distribution contract for a revolutionary water product in the United States Market.

The agreement comprises the rights to distribute products, proprietary technology and know-how via a licensing program targeting water and beverage distributors in the US.

CEO Mr. Allain Barriere stated the following: "We have been negotiating this agreement for 3 months now and we have secured the agreement with a $100,000 deposit. We are in the final stages of completing all licensing terms for our respective attorneys to finalize the royalties and resale profit sharing program. This agreement allows our group to offer an exclusive revolutionary array of products that will provide our distributors with a new opportunity to capture select business in the water and beverage industry. Further details will be disclosed to our shareholders and clients within the next couple of days."

Management also provided the following update on the status of the symbol change: "We have received a request to provide supplementary information from NASD yesterday, which we will be responding to today, and we anticipate receiving final approval shortly."

Meanwhile, we invite our shareholders to visit our new Corporate Web Site at www.canadianbluegold.com or contact investor relations at 514-977-1271.

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.

Contact Information

  • For further information please contact:
    Allain Barriere
    (514) 977-1271