SOURCE: Coastal Holdings, Inc.

April 26, 2007 08:30 ET

Coastal Holdings, Inc./Aqua Gold International, Inc. Announces Appointment of New Board Members and Resignation of Coastal's Current Management

Company Appoints Mr. Gerald Enloe as Chairman, Dr. Paul A. Taillefer as Chief Operating Officer and Director, and Mr. Daniel Sauvé as Chief Financial Officer and Director

HOUSTON, TX -- (MARKET WIRE) -- April 26, 2007 -- Coastal Holdings, Inc. (PINKSHEETS: COHG) today announced the appointment of 3 new board members.

Mr. Gerald Enloe as Chairman is based in Houston, Texas, and has served as a Director and Chairman of the board of Element 21 Golf Corp. He also served as President and CEO of Houston Industrial Materials Inc. since 1991. Throughout multiple years of service in an executive capacity at several public companies, Mr. Enloe has obtained an extensive knowledge in several aspects of managing public companies and led them to tremendous success including; E21's "Eagle One Mission," which turned to be a legendary and highly successful golf promotion.

Mr. Paul A. Taillefer, B.A., M.D., C.S.P.Q. (opht), F.R.S.C. (C) as Chief Operating Officer. During his 40 years' career as Doctor Ophthalmologist, Mr. Taillefer served as director on Boards of various corporations, including: Kazuko LTD, LJT Inc. (building management), Avitec International, and TRILLIUM WATER S.A. In addition, he his involved in management of numerous humanitarian operations; is the co-administrator of a Humanitarian Fund, which distributes $600,000,000 in Africa; and he is the founding president of AVITEC, a Company that assists the Civil Authorities of the implied countries to guarantee and maintain the airworthiness of the aircrafts operating in its territory.

Mr. Daniel Sauvé, Chief Financial Officer, has been involved in the water bottling and distribution industry for more then 15 years. His 5 years of experience in managing water plants encompassed all facets of the operation including international sales, management and marketing.

The new management team will now implement series of Corporate measures starting with relocation of Company headquarters to: 830 Ford Boulevard, Suite 404-A, Chateauguay, Quebec, J6J-4Z2.

The Board will also be proceeding with Company name change to Aqua Gold International Inc, and will initiate a request for CUSIP and symbol change.

New Management would like to take this opportunity to thank Coastal Holdings' previous management for providing Aqua Gold with the opportunity to become publicly trading and wishes them success in their future Endeavour's.

About Aqua Gold International, Inc.

Aqua Gold International, Inc. ("Aqua Gold") is a Canadian Corporation involved in the marketing and distribution of premium natural spring water. Aqua Gold's proprietary brand of natural spring water called "AQUA GOLD" is produced in Canada and bottled on a Native Reserve by Iroquois Water Ltd., on the Mohawk Nation Territory of Akwesasne. The Company's mission is to attain a prominent position in the worldwide bottled water market and, in particular, become one of the best-selling brands of bottled water in the Asia-Pacific region.

For more information on Aqua Gold International, Inc. please contact Mr. Manuel Da Silva at (514) 886-9079 or visit the Corporate website at

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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