SOURCE: Steadfast Holdings Group, Inc.

December 19, 2007 06:30 ET

Steadfast Holdings Group, Inc. Announces Five Florida Store Openings

WEST PALM BEACH, FL--(Marketwire - December 19, 2007) - Steadfast Holdings Group, Inc. (PINKSHEETS: STHG), announced that its first Florida location will open in Melbourne, FL in mid January 2008. Four other Florida locations are expected to open in January and February 2008. The stores will be located in Cocoa Beach and Gainesville and in Broward and Miami-Dade Counties in South Florida.

These locations are the first to use our corporate licensing program and are expected to provide initial gross revenue from supply purchases and the licensing fee of $198,000, net profit of $66,000 and a continuing net profit of 30% on all subsequent supply purchases per location. All licensed products are required to be purchased from our Steadfast Custom Linings, Inc. subsidiary by each licensee for the life of the product license.

"We are investing heavily in our business plan and have set a target of 50 new locations to be opened by the company or licensees in 2008. These first five locations indicate our commitment to this objective. Our negotiations for licensees have begun in earnest and we expect announcements very soon of additional agreements," stated John Calash, President of Steadfast Holdings Group, Inc.

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

    Steadfast Holdings Group, Inc.
    Investor Relations