SOURCE: Coastal Holdings, Inc.

October 10, 2006 15:51 ET

Coastal Holdings, Inc. Announces Postponement of Effective Date of Reverse Stock Split

Reverse Split Temporarily Delayed According to the NASDAQ

HOUSTON, TX -- (MARKET WIRE) -- October 10, 2006 -- Coastal Holdings, Inc. (PINKSHEETS: CSJJ) today announced that according to the NASDAQ the 1:2,500 reverse stock split has been delayed due to the Columbus Day holiday on Monday. Thus, the effective date of the split has been postponed temporarily and a new date will be announced when available, at which time CSJJ's common stock will begin trading on a split-adjusted basis.

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.

Contact Information

  • Contact:

    Coastal Holdings, Inc.
    Mr. Yves C. Renaud, CA
    Telephone: 1-514-581-3528
    E-mail: y_renaud@sympatico.ca