SOURCE: Coastal Holdings, Inc.

September 05, 2007 10:32 ET

Coastal Holdings, Inc. (Canadian Blue Gold Inc.) Announces Official Name Change in Nevada to Canadian Blue Gold Inc. and Filing for Trading Symbol Change With NASD

New Orlando Offices Are Now Fully Operational

HOUSTON, TX--(Marketwire - September 5, 2007) - Coastal Holdings, Inc. (PINKSHEETS: COHG) today announced that it has officially changed its corporate name in the State of Nevada to "Canadian Blue Gold Inc." Management also indicated that the Company's attorney has filed all the required documentation with NASD to change the trading symbol. The Company has already received the following new CUSIP Number: 1353573108.

CEO Mr. Allain Barriere stated the following: "I am proud that our shareholders can now refer to our Company as Canadian Blue Gold Inc. I believe that this will assist in enhancing our new market positioning and corporate identity as an emerging player in the global bottled water industry."

Management also announced that the Company's recently opened sales office in Orlando, FL is now fully operational. This office will function as the Company's US Headquarters and facilitate its penetration of the US Bottled Water Market. The Company is planning to hold meetings with senior US bottled water industry experts throughout this month in order to assist Management in devising an effective market penetration strategy. In addition, the Company has solicited interest from several local bottled water distributors for its Canadian Blue Gold brand. Shareholders will be updated on a timely basis regarding major developments with respect to its US sales program, brand name launching and Web Site.

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

  • For further information please contact:
    Allain Barriere's office
    (514) 977-1271