SOURCE: Conversion Solutions Holdings Corp.

November 28, 2006 20:48 ET

Conversion Solutions Reports Status of Current Events

LAKE DALLAS, TX -- (MARKET WIRE) -- November 28, 2006 -- Conversion Solutions Holdings Corp. (OTCBB: CSHD), a Delaware Corporation, announces the following current events have taken place:

The Threshold Price Reset for the 6 additional shares will be honored according to the original merger agreement.

Integrity Stock Transfer is the Transfer Agent for the company.

Currently we have retained a corporate and litigation attorney and are also finalizing negotiations with an SEC law firm.

"Due to the recent events that have transpired, we feel it is in the best interest of the shareholders to move forward as expeditiously as possible. My concern has always been and always will be for the shareholders in this company. It is our goal to build a successful and fully operational corporation maintaining the current business plan. The plan of the company is to fully cooperate with the SEC to conclude the matters at hand in a timely manner. We will continue to update shareholders as events unfold," stated John L. Arlitt, Chairman and CEO, Conversion Solutions Holdings Corp.

Dated: November 28, 2006.

About Conversion Solutions Holdings Corp.

CSHD is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CSHD's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market. Our funding will enable our businesses to compete more effectively, improve operations and increase value. CSHD is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at

Conversion Solutions Holding Corp. Safe Harbor Statement

Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the company's plans, objectives and expectations for future operations and are based upon management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

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