HOUSTON, Aug. 16, 2005 (PRIMEZONE) -- Coastal Holdings, Inc. (Pink Sheets:CSJJ) today announced that it is entering the final phase of negotiation on the investment agreements to acquire an interest in select Israeli technology firms. With the assistance of technology experts, the Company has completed a comprehensive due diligence process to screen and select these innovative and high-growth technology firms. CEO Andrea Cortellazzi is currently meeting with the principals of these firms in Tel Aviv, Israel, and will return to Coastal Holdings' headquarters by the end of this week. Further details on these acquisitions will be provided upon the signing of a formal investment agreement with these firms.
For more information please contact CEO Andrea Cortellazzi at (514) 288-9699.
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.