SOURCE: Cephas Holding Corp.

February 23, 2011 08:33 ET

Cephas Holdings Developing iPhone App for UFC Star Wanderlai Silva

PHOENIX, AZ--(Marketwire - February 23, 2011) - Cephas Holdings Inc. (PINKSHEETS: CEHC) today announced that it has begun development on a signature iPhone/iPad app for UFC star and true MMA legend Wanderlai Silva.

Nicknamed "The Axe Murderer," Wanderlai is one of the most popular mixed martial artists in the world. Hailing from Brazil and now based in Las Vegas, Wanderlai was a standout in Japan's Pride Fighting Championships. Silva's fighting style is based in an aggressive value tudo techniques with elements of muay thai and kickboxing. He is also a black belt in brazilian jiu-jitsu. In addition to competing at the highest levels, Wanderlai runs his own 10,000 square foot gym in Las Vegas (www.wandfightteam.com) that caters to both professional fighters and enthusiasts.

"We could not be more excited to be working with Wanderlai on signature iPhone and iPad apps. He is one of the most recognized and admired MMA fighters today," commented Peter Klamka, President of Cephas Holding Corp.

The app, which is expected to be completed within the next sixty days, will give a glimpse inside the life of a beloved, world class MMA athlete and internationally known sportsman. It is expected to feature a collection of news, tips, images, and a few surprises.

The mixed martial arts is one of the fastest growing sports in the world. Cephas is assembling a portfolio of MMA apps featuring some of the most recognized fighters in the world. It already produces a leading MMA newswire app and signature apps for other recognized athletes and personalities.

Forward-looking statements in this news release are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used herein, words such as "intend" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on assumptions made by and information available to Cephas Holding Corp. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, without limitation, continued acceptance of our products, technological changes and the successful development of new products including the Wanderlai Silva apps, dependence on intellectual property rights, and other risks and factors detailed from time to time in the company's periodic reports filed with the United States Securities and Exchange Commissios. Should one or more of these risks or uncertainties materialize actual results may vary materially from those currently anticipated. Except as required by law, Cephas disclaims any obligation to update or public announce any revisions to any of the forward-looking statements contained in this press release. This communication to shareholders and the public contains certain forward-looking statements.

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