SOURCE: Coastal Holdings, Inc.

March 08, 2006 08:30 ET

Coastal Holdings, Inc. Hires SEC Finance Expert to Expedite Its Attainment of OTC Bulletin Board Status

HOUSTON, TX -- (MARKET WIRE) -- March 8, 2006 -- Coastal Holdings, Inc. (OTC: CSJJ) is pleased to announce that it has hired Mr. Jacques Vallee, a SEC Finance Expert, as a non-executive director and President of the Company's future Audit Committee. Mr. Vallee's extensive experience and background with respect to SEC law is a valuable asset to Coastal Holdings and ensures a successful and rapid attainment of OTC Bulletin Board status.

Mr. Vallee is responsible for reviewing and closing the acquisition of an OTC-BB Listed Company in a timely fashion. In addition, Mr. Vallee will assist in the preparation and filing of audited financial statements in order to become fully reporting with the SEC. Furthermore, Mr. Vallee's financial and management expertise will play a vital role in the growth of Coastal Holdings by sharpening the Company's focus on key investments and initiatives that he believes will contribute to improved long-term success and profitability. With the addition of Mr. Vallee to its team, Coastal Holdings expects to complete and file the necessary documents to meet OTC Bulletin Board eligibility criteria in the next 45 days.

About Mr. Jacques Vallee

Mr. Vallee is a non-executive director and President of the future Audit Committee of Coastal Holdings Inc. He possesses over 30 years of financial and management experience with several reputable firms. He was the first Vice-President, Strategic Investments of the Fonds de Solidarité (FTQ), a venture fund with more than $6 billion in assets and investments in over 1,200 firms. He holds a Master of Business Administration degree from the University of Sherbrooke, Canada.

For more information please contact CEO Andrea Cortellazzi at (514) 288-9699 or visit the Company website at www.coastalholdings.com.

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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