HOUSTON, May 25, 2004 (PRIMEZONE) -- Coastal Holdings, Inc. (Pink Sheets:CSJJ) is pleased to announce that Market Advisors has initiated coverage of their newly publicly traded company. Mr. Jeff Helleberg confirms a positive outlook on CSJJ based on his analysis of the Company investing in leading edge technologies within the biotechnology sector.
Mr. Jeff Helleberg is the lead analyst of Market Advisors, a company that has been in business since the 1970s. During the late 1980s and through the 1990s, Mr. Helleberg was the editor and chief of the nationally syndicated Marketarian Newsletter. Under Mr. Helleberg's guidance, the Marketarian was rated numerous times by the Wall Street Journal, Hubert Financial Digest and the Timer Digest, among others, as one of the best market timers, top bond timers and having one of the best model portfolios.
Mr. Helleberg stated, "Coastal Holdings, Inc. and the biotechnology field as a whole has a distinct advantage in the market. The combination of technological advances, demographic increases in demand and immunity from the economic cycle make this sector extremely attractive over the next decade." To view the Analyst Report in full please visit the web address: www.coastalholdings.com/report
CEO Andre Cortellazzi stated, "We are very pleased that Market Advisors has issued a strong and positive opinion on our Company and sector. We are excited that those in the investment community have begun to take notice and will be monitoring our growth. We share their excitement about the increasing demand and opportunities within the biotechnology sector." Mr. Cortellazzi continued to state, "Over 325 million people worldwide have been helped by more than 155 biotechnology drugs and vaccines approved by the U.S. Food and Drug Administration (FDA). Of these medicines, 70% have been approved in the last 6 years. Our investments will be used to take advantage of these trends, create shareholder value and provide maximum profits."
For more information, please contact Investor Relations at (973) 351-3868 or visit the Company website at www.coastalholdings.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.