SOURCE: Cephas Holding Corp

February 23, 2012 16:15 ET

Cephas Holdings Completes Restructuring and Reverse Split

PHOENIX, AZ--(Marketwire - Feb 23, 2012) - CEPHAS HOLDING CORP (PINKSHEETS: CEHC) today announced it has recently completed a series of transactions to restructure the Company's operations and capitalization, including, the consummation of a 250 for 1 reverse stock split of the Company's common stock. The "D" has now been removed from the company's symbol.

Cephas has an equity interest in The Network Talent, LLC which is one of the largest associations of modeling agencies in the world. The Network is associated with 40 agencies and over 10,000 models around the world. The Network is the subject of a reality series called, "Remodeled" (http://www.cwtv.com/shows/remodeled) which was produced in association with Sony.

The company also has a subsidiary that produces iPhone apps for recognized brands and celebrities. The company is working with UFC legend Rich Franklin on a series of mobile apps.

Cephas has worked with numerous world famous brands and individuals since inception and expects to continue to develop innovative solutions for its customers and partners.

Forward-Looking Statements:

This news release may contain "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company assumes no obligation for the accuracy or completeness of those forward looking statements and undertakes no obligation to revise these forward looking statements to reflect subsequent events or circumstances. Readers are cautioned not to place undue reliance on the forward-looking statements made in this news release. Investors are urged to consider closely the disclosure in the Company's Form 10-K and subsequent filings, which may be obtained directly from the Company, or from the SEC website at http://www.sec.gov/edgar.shtml

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