SOURCE: Steadfast Holdings Group, Inc.

October 27, 2009 11:07 ET

Steadfast Holdings Group, Inc. Begins Trek to Bulletin Board

EAST HAVEN, CT--(Marketwire - October 27, 2009) - Steadfast Holdings Group, Inc. (PINKSHEETS: STDF) Board of Directors has approved taking all actions necessary to become quoted on the Over the Counter Bulletin Board Quotation System.

"We have chosen Pender Newkirk and Company of Tampa, FL to audit the company in preparation for filing a registration statement during the first quarter of 2009," according the Steadfast President John Calash. "We understand that the current regulatory climate makes it preferential for the company to improve its transparency and give it the opportunity to grow and attract a more diverse group of shareholders," Calash added.

The company has been in negotiations with several potential customers for using its joint ventures for building substantial commercial structures and being the project manager for several others. We will keep the shareholders informed in the coming weeks.

(Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports.)

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