SOURCE: Coastal Integrated Services, Inc

December 15, 2015 10:30 ET

Coastal Integrated Services Inc. Now in Position to Secure $5,000,000 in Private Equity Financing

Coastal Integrated Service's Board of Directors Explores Dividend Payment to Shareholders

LAS VEGAS, NV--(Marketwired - December 15, 2015) - Coastal Integrated Services Inc. (OTC PINK: COLV) announced today the completion of two (2) years of financial audits for its wholly owned subsidiary company Simply Lids Inc., an innovator in the disposable beverage sector. Moreover, the management team of COLV believes that the completion of these financial audits will help bring validation and comfort to its existing and future shareholders.

To continue, the move is part of a broader plan by the company's management team to enhance shareholder value and simultaneously increase net shareholder equity by allowing its subsidiary company to trade publicly on the OTCQB Markets in late 2016. As a result, the COLV board of directors will explore the possibility of a dividend payment in the form of shares of its subsidiary company to existing shareholders of COLV at its next board of directors meeting.

Furthermore, the completion of the audits will also help to position the company to secure $5,000,000 in private equity funding in order to expand the business operations of Simply Lids. " private equity financing will help us move away from being a highly speculative company to an exciting innovative manufacturer with high growth potential." -John Newman CEO/President

About COLV

Coastal Integrated Services Inc. is an American diversified holding company with investment interests in a variety of business sectors. For more information, please visit our website at: www.coastalintegratedservices.com.

About Simply Lids

Simply Lids is an award winning company whose specialty is disposable beverage lids in the food services industry. Simply Lids' patented technologies provide a safer, more enjoyable drinking experience, without splashing or spills, and has the added benefit of unique marketing opportunities, never before realized in this industry sector. Simply Lids plans on being the leader in this multi-billion dollar sector through the application of its unique technology and innovation. For more information, please visit our website at: www.simplylids.com.

Disclaimer/Safe Harbor: Certain statements in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" All forward-looking statements are based on COLV's current expectations, estimates, projections, beliefs and assumptions based on information available at the time the statement was made and in light of COLV's experience and its perception of historical trends.

The forward-looking statement in this news release includes reference to: COLV's ability to execute on its strategy and deliver strong results on behalf of its shareholders. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties; some that are similar to other related companies and some that are unique to our company. COLV's actual results may differ materially from those expressed or implied by our forward-looking statements and you are cautioned not to place undue reliance on them.

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