SOURCE: Coastal Services Group, Inc.

July 26, 2005 07:00 ET

Coastal Services Group (Pink Sheets: CSVG) Completes Nine Months of Operations in Africa

FALLS CHURCH, VA -- (MARKET WIRE) -- July 26, 2005 -- Coastal Services Group, Inc. (OTC: CSVG), a provider of telecommunications and related services to Africa and African immigrants in the United States, recently completed nine months of successful operations in Africa that have generated positive operating margins.

Coastal owns and operates its own telecommunications network in Africa. The company's branded core offering -- PrimeTime DSL -- is a fast, reliable broadband Internet service that has been providing metro-area and Internet connectivity in the capital to private sector and government clients for over nine months.

Coastal operates nationally licensed telecommunications services in its first target market in Africa, Liberia. Here, Coastal is the leading broadband Internet Service Provider (ISP) providing customers with ultra-high speed connectivity for Internet access. As part of the company's suite of available services, Coastal offers custom network design, network installation and ongoing technical support, ensuring its customers' facilities obtain and maintain high quality connections to the web from each user's desktop with superior reliability.

"In nine months of operations in the region, we have solidified our role as a leading ISP and are delighted to report a backlog of orders for our expanding range of services," said Coastal CEO, John Page. "We view this milestone as validation of the Coastal business approach, and we plan to expand our geographic coverage and customer base significantly via innovative offerings tailored to this very underserved telecom market."

About Coastal Services Group

Coastal Services Group, Inc. (OTC: CSVG) is headquartered in Falls Church, Virginia. The Company owns a telecommunications network and related network assets. The Company differentiates by focusing on an underserved, ripe market for Internet and related services in Africa. It supports this target through branded cross-marketing of services to African immigrants in the United States. For additional information, please visit www.coastalservicesgroup.com or email investor@coastalservicesgroup.com.

Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements'' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Coastal Services Group disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, and changes in our business strategies.

Contact Information

  • Investor Contact:
    Jesus Rodriguez
    305.776.4535