SOURCE: Cephas Holding Corp.

March 09, 2010 09:53 ET

Cephas Provides Update on iPhone Applications

NEW YORK, NY--(Marketwire - March 9, 2010) -  Cephas Holding Corp. (PINKSHEETS: CEHC) provided the following update on its iPhone application projects. 

Fedor Emelianenko. The Company is actively working with Fedor's management and its developers to complete Fedor Mobile. Its release is expected to coincide with Fedor's next MMA fight in the United States.

MMA Underboss. The Company has been very pleased with the acceptance of the application. The demand for MMA news in its simple but comprehensive format has been well received by users around the world. Cephas expects to launch an updated MMA Underboss application shortly. The Company has released the website located at

Iron Sheik. The Sheik continues to sell applications on a daily basis for the company in the US and around the world. 

New Applications. The company is currently exploring other licensed opportunities for MMA personalities and brands for the iPhone platform. Additionally, Cephas is readying two other newswire applications with advertiser support targeting the male demographics.

Further details are expected to be released in the Company's upcoming Form 10-K which will be released within the next 60 days. Cephas anticipates that it will make timely application to resume its share listing on the OTCBB subject to current FINRA guidelines. 

The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for the Company's future business and financial performance. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties including: our dependence on key management and the timely release and significant market acceptance of our products, our ability to raise capital if needed, risks associated with our operations. Other important factors and information are contained in the Company's Annual Report on Form 10-K in the section entitled "Risk Factors," as updated in the Company's Quarterly Reports on Form 10-Q and the Company's other periodic filings with the SEC. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

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