SOURCE: Steadfast Holdings Group, Inc.

March 26, 2008 08:30 ET

Steadfast Holdings Group, Inc. Announces Opening of Deerfield, Florida Retail Store

EAST HAVEN, CT--(Marketwire - March 26, 2008) - Steadfast Holdings Group, Inc. (PINKSHEETS: STHG) announced today that it has entered an agreement whereby a licensee will open a new retail store in Deerfield Beach, Florida by the end of March. The store will be located at 1098 SW 1st Way, Deerfield Beach, FL 33441 (954-425-8377). This store adds to the list of previously announced Florida retail store locations that will open this year and be operated by the Company or licensees.

John Calash, CEO of Steadfast Holdings Group, Inc., added, "This opening is further evidence that we are on track to open 50 new locations nationwide by the end of 2008 either directly or through licensees. We are especially delighted with this Deerfield Beach location in that it is located in the heart of the rapidly expanding beautiful metropolitan area that spans from Miami to West Palm Beach, and that it is in an area where the demographics of the consumers, and the population of trucks, strongly indicates the store should achieve a quick return-on-investment, strong profitability and cash flow for both the licensee and us as well."

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 imagination. These spray-on products are also utilized in commercial, industrial, agricultural, military and custom applications where this tough coating is used to protect a full range of surfaces 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. The Company also has distribution agreements with numerous manufacturers of 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