HOUSTON, Sept. 7, 2004 (PRIMEZONE) -- Coastal Holdings, Inc. (Pink Sheets:CSJJ) is pleased to announce that it has been profiled in the current issue of the online journal, Blockbuster Discovery! According to the profile, "A refocused CSJJ has adopted a unique formula for success: Find, fund and follow what it calls 'ChangeMaker' companies...if their conservative revenue goals are met, CSJJ stock could easily soar to $48 per share over the next four years. That would amount to an increase of 24,000%."
Key excerpts from the article follow:
Coastal defines a "ChangeMaker" company as one with a product or service capable of changing an entire business or industry, and of achieving "blockbuster" growth. It already has two such companies: (1) BioSight Ltd. which offers a proprietary platform technology which enables the design of a pipeline of pro-drug peptide based guided vectors to actively target and release therapeutic drugs directly to the site of the disease -- and nowhere else. (2) Vetdermal Systems Limited, a company with a brand new technology for delivering any drug to commercial animal herds transdermally -- through the skin -- via a patch. A third company may soon join the first two ChangeMaker firms. Negotiations are currently proceeding.
Coastal's formula calls for it to FIND firms with tomorrow's technology, waiting to unfold, then FUND these firms to help them bring the new idea to market, and finally to FOLLOW this powerful path to profits from not one, but many sources. Coastal Holdings will be pursuing this strategy through the rest of 2004 and 2005, adding cutting edge young companies, each with ChangeMaker potential, thus growing its revenues, betting on tomorrow's technology. Management has targeted specific revenue goals. They are on the conservative side, according to the article, but even so, they are spectacular: $2.5 million in 2005; $25 million in 2006; $30.5 million in 2007: and $48.5 million in 2008.
The FINDING is facilitated by a group of international investors, sponsored by Prudential Securities and other institutions. Its mission is to discover companies with blockbuster potential. It is carried out by the Jerusalem Investment Forum, which provides Coastal with the fruit of its worldwide investigations. The FUNDING is made possible by Coastal's informal "board" of investors and venture capitalists. So, far, they have put $5 million at the company's disposal. But there's more where that came from. The money goes to acquire equity in promising high tech companies. The funds enable those companies to develop their breakthrough technologies and bring their products to market to fuel their growth. The FOLLOWING is performed by Coastal's crack management team, headed by a CEO with long experience and expertise in biotechnology. The team advises the young company on business and management matters, which encourages its continued development activities. Coastal guides the emerging firm on the path to success and the spectacular profits that can occur when tomorrow's technology is translated into practical products.
"ChangeMakers are companies that grab tomorrow and its new ideas and fly with them, make progress with them, even change the world with them," according Coastal CEO Andrea Cortellazzi. "Texas Instruments did it for the chip. Microsoft did it for software. These were companies that altered all our lives by taking technology into the unknown regions of what comes next," he said.
Texas Instruments came out with an IPO in the late 1940s, offering shares at $10. Just one of those shares, split and growing, would be worth over $20,000,000 today. One share! Because "TI" was a Changemaker. Microsoft stock once sold for 87 cents a share. Look what it sells for now and the company is trying to figure out what to do with the billions of spare cash it has accumulated. Because "MS" was a Changemaker. If you had been there, if you had seen the future, if you had invested just a few dollars in TI or MS, you'd likely be a billionaire, but certainly a multi-millionaire.
So the question today is: "Who are tomorrow's ChangeMakers? Where are the companies that can make you wealthy?" Coastal Holdings has assumed the responsibility of searching for them, finding them, funding them, and following their progress all the way to genuine ChangeMaker status, and the incalculable profits that will bring.
About Blockbuster Discovery!
The online journal is edited by Jack Burney, former business editor of a major metropolitan newspaper, and chief financial writer for The OTC News Network. He has a BA in journalism from SMU and a PhD in Finance from Stafford University, London. Six years ago, he established the Stock Trader News which publishes print and online journals about companies with "blockbuster" growth potential, and serves as its editor on chief. His record of picking winners is recognized worldwide.
For more information please contact CEO Andrea Cortellazzi at (647) 886-2703, 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.