HOUSTON, Aug. 5, 2004 (PRIMEZONE) -- Coastal Holdings, Inc. (Pink Sheets:CSJJ) is pleased to issue financial projections based on its acquisition of a major equity interest in Vetdermal Systems Limited and its pending investment in BioSight Ltd. Based on each company's conservative financial forecasts, CSJJ's total projected income is as follows: $2.5 M in 2005; $25.0 M in 2006; $30.5 M in 2007; and $48.5 M in 2008. CEO Andrea Cortellazzi stated: "The future looks very bright for Coastal Holdings and its shareholders. Our mission to build a leading-edge and profitable technology holding company is quickly becoming a reality."
For further information on BioSight Ltd., please visit the Company website at www.biosight.co.il.
For more information on Coastal Holdings Inc., 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.