SOURCE: Cephas Holding Corp

October 21, 2013 09:00 ET

Cephas Holding Corp Provides Update

PHOENIX, AZ--(Marketwired - Oct 21, 2013) - Cephas Holding Corp (PINKSHEETS: CEHC) provided the following update.

The company is currently working with its auditors, DKM Certified Public Accountants, to complete its public filings. The company expects to be current within 45 days.

Mr. David Altman of Global Leadership Institute, the company's wholly owned executive education entity (www.gli360.org), is currently stationed in Africa working on executing the company's business plan for the remainder of this year and preparing for 2014.

Cephas continues to have its interest in The Network Talent, LLC (www.thenetworktalent.com). Management will be meeting with representatives of The Network Talent this month to evaluate future opportunities. Cephas Holding is exploring a spin off of the asset into a separate public company or other monetization strategy for this investment.

Cephas is also preparing a series of presentations and opportunities for additional communications with shareholders, investors and potential business partners. Management looks forward to more frequent communication as its business activities develop.

This press release contains "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995 that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "could," "estimates," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and include discussions of strategy, and statements about industry trends and the Company's future performance, operations, and products. Such statements involve known and unknown risks, uncertainties and other factors that could cause the Company's actual results to differ materially from the results expressed or implied by such statements. Such risks and uncertainties include, without limitation, market acceptance of the Company's products and services, ability to finance current and future operations, ability to service debt, international political risks, and management's ability to execute its business plan. For a discussion of these and other risks and uncertainties see "Risk Factors" and "Description of Business" in the Company's public filings with the SEC. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.

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