SOURCE: Cephas Holding Corp.

March 14, 2011 09:58 ET

Cephas Holding Provides Corporate Update

PHOENIX, AZ--(Marketwire - March 14, 2011) - Cephas Holdings Inc. (PINKSHEETS: CEHC) today provided a corporate update on its activities and projects.

Mobile Applications. Cephas continues to develop cutting edge apps for both the iPhone and iPad. It currently markets products targeting the male demographic including the signature app for MMA legend, Fedor Emelianenko, MMA Underboss, Iron Sheik Soundboard, and Metal News. The company is also readying apps for UFC superstars Wanderali Silva and Rich Franklin. Cephas is aggressively seeking more licenses and relationships for the iPhone that appeal this audience.

The Network Talent, LLC. Cephas through its subsidiary, Legend Studios, has an equity interest in "The Network" (www.thenetworktalent.com). Based in Los Angeles, The Network considers itself to be the largest association of modeling agencies around the world. The Network provides a platform for modeling agencies around the world. Headed by an experienced management team, The Network allows modeling agencies and clients to share thousands of models, discover new stars, and add revenue streams.

Social Networking. Cephas is exploring social networking opportunities related to its target markets. While these efforts are preliminary, the company is exploring branded Twitter and Facebook applications using some of the relationships it is developing with its existing licensors.

Reporting Requirements. The company is completing its Form 10-K for the year ending 2010. It expects to file it on time and remain timely in its reporting allowing for full transparency for its shareholders and business partners.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties that may cause Cephas Holding Corps actual results to differ materially from results discussed in forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by Cephas in this news release, its most recent Form 10-K and in Cephas' other reports filed with the Securities and Exchange Commission ("SEC") that attempt to advise interested parties of the risks and factors that may affect Cephas' business. These forward-looking statements are qualified in their entirety by the cautions and risk factors filed by Cephas Holding Corp.

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