SOURCE: Steadfast Holdings Group, Inc.

March 10, 2008 08:30 ET

Steadfast Holdings Group Subsidiary Signs $389,000 Agreement to Apply Weather Protectant Coatings for "Connecticut Cellar Doors"

EAST HAVEN, CT--(Marketwire - March 10, 2008) - Steadfast Holdings Group, Inc. (PINKSHEETS: STHG) announced today that its subsidiary, Steadfast Meridien, Meridien, Connecticut, has entered into an agreement with "Connecticut Cellar Doors" for the application of protective weather coatings. Under the agreement, Steadfast Meridien will apply proprietary Steadfast coatings to up to 1,000 of Cellar Door's products in 2008.

John Calash, CEO of Steadfast Holdings Group, Inc., stated, "This is yet another example of how our team is expanding our commercial coatings business into new markets, beyond the automotive. We value this one agreement at close to $400,000 for this year, and believe it literally 'opens the door' for us to other innovative weather protectant applications."

About Steadfast Holdings Group, Inc.

Steadfast Holdings Group distributes a variety of products to the automotive aftermarket, and has proprietary products which are used in commercial and consumer applications. The core business is its spray-on protectant product, which in the case of truck bed applications, offers specially formulated polymers that permanently bond to the truck's bed. Steadfast's spray-on Polyurea products represent 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 everything from metals to concrete against chemicals, solvents, fuel, etc. In addition, the Company's automotive division 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