HOUSTON, Aug. 30, 2005 (PRIMEZONE) -- Coastal Holdings, Inc. (Pink Sheets:CSJJ) today detailed its growth strategy and corporate structure. Coastal Holdings, Inc. is a diversified holding company with two major divisions: Technology and Real Estate Development. The Company's mission is to create and enhance shareholder value via a growth-by-acquisition strategy.
Through its affiliate company, Coastal Holdings has completed the initial investment in a 1 square kilometer parcel of land ("the Property") in Paris, France. With this investment, the Company has secured 50% ownership of the Property. The Company is planning to undertake a 5 to 10 year urban development project on the Property, which is located about 12 kilometers from the capital city of Paris.
Coastal Holdings has launched an aggressive Mergers and Acquisitions (M&A) initiative with respect to pharmaceutical and biotechnology firms based in Tel Aviv, Israel. As per last week's Press Release, the Company has appointed local scientific expert Philip Drachman as the firm's consultant and lead advisor with respect to this M&A initiative in Israel. The acquisition of these innovative and high-growth firms will add to Coastal Holdings' investment portfolio in Israel, which currently includes an equity interest in Vetdermal Systems Limited.
Coastal Holdings is in the final stages of negotiations to acquire an interest in an India-based pharmaceutical firm. The firm is publicly traded and is currently listed on The Stock Exchange, Mumbai (BSE). Full disclosure of this acquisition will be made within the next two weeks. Company Management is pleased to report that this acquisition process is progressing well ahead of schedule.
Coastal Holdings today also announced that it is planning to enter the oil and gas industry through acquisitions of profitable oil and gas firms and investments into productive oil and gas properties. CEO Andrea Cortellazzi stated, "We are excited at the prospect of adding a major investment in the oil and gas industry to our portfolio. Needless to say, this is a sector that offers a potentially high rate of return and a steady revenue stream to investors for the foreseeable future."
CEO Andrea Cortellazzi went on to state, "We are confident that diversification into these high growth industries will help to ensure our long-term success and profitability. We will continue to expand our business through the growth-by-acquisition strategy."
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.