SOURCE: Coastal Holdings, Inc.

October 06, 2006 15:58 ET

Coastal Holdings, Inc. Announces 1-for-2,500 Reverse Stock Split

Reverse Split Will Broaden Investor Appeal and Improve Liquidity of the Stock

HOUSTON, TX -- (MARKET WIRE) -- October 6, 2006 -- Coastal Holdings, Inc. (PINKSHEETS: CSJJ), today announced that its Board of Directors has approved a 1-for-2,500 reverse split of its common stock. The reverse stock split will be effective today.

The purpose of the reverse split is to increase the per share trading price of Coastal Holdings' common stock, thereby appealing to a broader range of investors. To the extent that the reverse split does succeed in attracting more investor interest in the stock, shareholders may also benefit from improved trading liquidity of the stock. According to CFO Yves C. Renaud, the reverse split is a necessary step in the restructuring of Coastal Holdings, including its plans to list the Company's common shares on the OTC Bulletin Board.

Upon execution, CSJJ shareholders will receive one new share of CSJJ common stock for every 2,500 shares held. CSJJ's common stock will begin trading on a split-adjusted basis when the market opens on Monday, October 9, 2006.

For more information on Coastal Holdings and its new strategic growth initiatives, CEO Andrea Cortellazzi advises all shareholders to contact Mr. Yves C. Renaud, CA.

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.

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