SOURCE: Empyrean Holdings, Inc.

April 16, 2008 11:26 ET

Empyrean Holdings, Inc. Reports Progress With Construction Industry Subsidiary

HOUSTON, TX--(Marketwire - April 16, 2008) - Empyrean Holdings, Inc. (OTCBB: EMPY), a national diversified holding company, is pleased to announce that its wholly owned subsidiary, Empyrean Construction, Inc. has obtained its General Building Contractor's licenses for the States of California and Nevada.

CEO, Robert L. Lee, stated, "The extra personnel required have been taken on to ensure that work on projects can commence promptly when contracts are secured. It has to be remembered, however, that working capital to undertake projects is also required and the speed of progress of this subsidiary will depend on the funding obtainable during this difficult economic period."

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

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