SOURCE: Steadfast Holdings Group, Inc.

March 24, 2008 07:00 ET

Steadfast Holdings Group, Inc. Announces 40% Surge in January Sales for East Haven, CT Store

EAST HAVEN, CT--(Marketwire - March 24, 2008) - Steadfast Holdings Group, Inc. (PINKSHEETS: STHG) announced today that its flagship store in East Haven, Connecticut, reported a 40% increase in same store sales for the month of January, as compared to the same month in 2007.

John Calash, CEO of Steadfast Holdings Group, Inc., stated, "This surge in our January sales proves to us that we have implemented the right product line expansion and sales development strategy. Given the general softness of consumer sales, we are delighted and excited by January's results, and believe that as we open additional stores, the sales success of our product line will be repeated again and again."

About Steadfast Holdings Group, Inc.

Steadfast Holdings Group distributes a variety of products to the automotive aftermarket. The core business is its spray on truck bed protection product which offers specially formulated polymers that permanently bond to the truck's bed. The Company's spray-on Polyurea is a remarkable technology with a range of uses limited only by your imagination. They are also utilized in commercial, industrial, agricultural, military and custom applications when this tough coating is used to protect everything from metals to concrete against chemicals, solvents, fuel, etc. The Company is a licensed dealer for the following aftermarket products: A.R.E. Truck Caps and Lids, Tool Boxes, Nerf Bars, Tube Steps, Running Boards, Rack Systems, Rail Caps, Tonneau Covers, Fender Flares, Grilles, Visors, Bug Shields, Roll-Up Covers, Side Rails, Mud Guards, Floor Mats, Lights, Trailer Hitches, Stainless Steel Accessories and Lift Kits. Steadfast also has distribution agreements with the several companies that manufacture light truck aftermarket products. Additional information may be found at www.steadfastlinings.com.

Safe Harbor

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

Contact Information

  • Contact:
    Steadfast Holdings Group, Inc.
    Investor Relations
    561-820-9551