SOURCE: Cephas Holding Corp

March 17, 2010 08:30 ET

Legend Studios Acquires Interest in Fashion and Modeling Company

NEW YORK, NY--(Marketwire - March 17, 2010) -  Legend Studios, Inc., a wholly owned subsidiary of Cephas Holding Corp. (PINKSHEETS: CEHC) today announced that it has acquired an interest in a new modeling agency. The entity is currently in stealth mode with a major public reveal scheduled in early May. The company is aggregating modeling industry assets from around the world and is run by some of the most successful managers and agents in the industry.

"Having worked closely with IMG, William Morris, and United Talent Agency as well as with some of the most famous models in the world, I am very familiar with the industry. I have never seen an opportunity like the one that Legend Studios is now participating in," said Peter Klamka, President of Cephas Holding Corp.

In addition to running world class agencies, management has discovered talent that has gone on to earn millions of dollars and become household names. The new venture marries cutting edge technology to access clients around the world with an experienced management team. The company is developing multiple streams of revenue ranging from traditional fees and commissions to licensing and branding. As an equity partner, Legend Studios expects to participate in all of these sources. Legend also anticipates developing mobile applications in conjunction with its investment in this venture.

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release, which are not strictly historical statements, including, without limitation, statements by management, statements concerning management's plans, objectives and strategies, and management's assessment of market factors and conditions, constitute forward-looking statements. Specifically, statements relating to the acquisition of an interest in the modeling agency, the ability to fund the acquisition which requires a cash payment, the ability to develop any revenue from the investment if successfully closed, are forward looking and no assurance can be made that we will complete such transaction or generate any revenue. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statements, including, without limitations, the volatility of domestic and international financial, bond and stock markets, intense competition, extensive governmental regulation, litigation, substantial fluctuations in the volume and price level of securities and other risks as detailed in the Company's filings with the Securities and Exchange Commission.

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