HOUSTON, Dec. 16, 2004 (PRIMEZONE) -- Coastal Holdings, Inc. (Pink Sheets:CSJJ), a leading edge global technology holding company, announced today that it will release financial statements on one of its major investments, Vetdermal Systems Limited, upon receipt of them early next year. Vetdermal's legal department has advised CSJJ Management that the financial statements are being finalized and will be provided to CSJJ early in 2005. CEO Andrea Cortellazzi stated: "We are looking forward to release financials on one of our key holdings. We expect them to be positive and display not only the financial strength of Vetdermal but also of CSJJ as one of their major equity investors."
For more information please contact CEO Andrea Cortellazzi at (514) 288-9699 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.