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Author Topic: EPYH.... Starting to make alot of noise
Jonathanlb8
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Seems like they are putting out alot of PR's now. Might be a great time to get in.
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SeattleWriter3d
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09:56 ET HOUSTON--(Business Wire)--Apr 22, 2005--

Empyrean Holdings Inc. (OTCBB:EPYH.U), a national real
estate holding firm, confirms that its new Corporate Development Plan
has been implemented. Management has determined that through forming
strong strategic alliances, targeting hard assets with high
anticipated returns based on income, and employing restrictive
corporate governance guidelines, Empyrean will inevitably
significantly increase shareholder value.
Through the implementation of strategic relationships with
national construction and property management companies, Empyrean is
diversifying its scope of business while improving the efficiency of
its operations. In order to keep up with the vigorous demands of
operating on a national level, offices in Florida and California are
being established with regional analysts in both locations.
CEO and President of Empyrean, Mr. Robert Lee, expressed, "To the
end of the year we plan to focus on significantly increasing the asset
value of our company based on hard, tangible assets with limited
downside potential and significant income. This will provide a solid
foundation for the vertical integration of the real estate value chain
under Empyrean and make us one of the few OTC companies with hard
assets on the books. We have a well-developed plan targeted at
reaching $20 million in assets on the books by the end of the year.
Shareholders will be very pleased with what is to come."

Note: "Safe Harbor" Statement Under The Private Securities
Litigation Reform Act of 1995: The statements in the press release
that relate to the company's expectations with regard to the future
impact on the company's results from new products in development are
forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995. Since this information may
contain statements that involve risk and uncertainties and are subject
to change at any time, the company's actual results may differ
materially fromexpected results.

CONTACT: Empyrean Holdings Inc., Houston
Robert L. Lee, 713-260-7236
www.epyh.com


KEYWORD: 'UNITED STATES' 'NORTH AMERICA' 'TEXAS'
INDUSTRY KEYWORD: 'CONSTRUCTION & PROPERTY'
'RESIDENTIAL BUILDING & REAL ESTATE'
SOURCE: Empyrean Holdings Inc.

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Jonathanlb8
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Anyone else getting in on this one?
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SeattleWriter3d
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The news is really good on it, on 4/20 the closed a significant amount of property in Florida, and the L2's look pretty favorable
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Jonathanlb8
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You can't go wrong with property. It just goes up!
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SeattleWriter3d
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I should post the article, they are expecting a 24% increase in value over the next 3 years is what I believed it said
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Jonathanlb8
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Just realized it went up 50% end of day last friday. Looks like a group or someone may be frontloading in preperation of a group run. May want to watch it on Monday morning.
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SeattleWriter3d
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Good thing to know...but for anybody taking a look at this, here is the article:

09:30 ET HOUSTON--(Business Wire)--Apr 20, 2005--

Tradewinds International Corp., the newest subsidiary of
Empyrean Holdings Inc. (OTCBB:EPYH.U), closed on $340,000 of additional
income properties in Orlando, Fla., yesterday. Empyrean expects these
properties to appreciate by at least 24% per year for the next three
years. Recently converted from apartments to condominiums by Echelon
Communities, LLC, a respected multi-family home builder, the two
properties are nestled in the community of Echelon at Uptown.
CEO and President of Empyrean Holdings, Robert Lee offers, "We
could not have asked for a better location. The properties are in a
beautiful, safe community, which many refer to as the 'Gateway to
Downtown Orlando.' The rental income coupled with the annual
appreciation in the very hot Orlando market will generate a
significant return on investment, and we are very excited about adding
these properties to our portfolio."
Aside from continually evaluating possible investment
opportunities in some of the hottest real estate markets in Florida,
Empyrean analysts are beginning to focus on other suitable investments
in Las Vegas, California, and the Midwest. The company's real estate
portfolio will soon include a diversified selection of income
properties in strategic markets throughout the country. Over the past
month, Empyrean has acquired over $1.5 million in hard assets and
intends to double its growth rate monthly through the end of the year.

Note: "Safe Harbor" Statement Under The Private Securities
Litigation Reform Act of 1995: The statements in the press release
that relate to the company's expectations with regard to the future
impact on the company's results from new products in development are
forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995. Since this information may
contain statements that involve risk and uncertainties and are subject
to change at any time, the company's actual results may differ
materially from expected results.

CONTACT: Empyrean Holdings Inc., Houston
Robert L. Lee, 713-260-7236
www.epyh.com


KEYWORD: 'UNITED STATES' 'NORTH AMERICA' 'FLORIDA' 'TEXAS'
INDUSTRY KEYWORD: 'CONSTRUCTION & PROPERTY'
'RESIDENTIAL BUILDING & REAL ESTATE'
SOURCE: Empyrean Holdings Inc.

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Jonathanlb8
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Well, I made 800% on this one before. Lets see if it can do me good again. I'm gonna drop $2000 on it to see where it goes. Hopefully some more PR soon will push this past .02 soon. I really like this CO. In a world where oil prices go up and down, one thing stays contant. Housing always goes up!
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SeattleWriter3d
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That it does and it looks pretty good overall as well, will be interesting to see what it does Monday, the push could get it past .02 for sure
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The Insider
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Yea, I've been watching this one for a while and have been in and out a few times, but be very careful with this stock, as it is a reverse split machine. It has done 6 reverse splits since April 2002 and its most recent is a 20 to 1 reverse split on 01/25/2005.Here is a list from their company profile of their most recent R/S and name changes:
EPYR Empyrean Communications Inc New (1-20 R/S) 01/25/2005
EPYRE Empyrean Communications Inc New (1-20 R/S) 05/28/2003
EPYR Empyrean Communications Inc New (1-20 R/S) 04/23/2003
EPYRE Empyrean Communications Inc New (1-20 R/S) 05/20/2002
EPYCE Empyrean Communications Inc New (1-20 R/S) 04/26/2002
EPYC Empyrean Communications Inc New (1-20 R/S) 04/22/2002 .
I'd hate to be caught holding the bag when they complete their next R/S.

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Jonathanlb8
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So what is their O/S now?
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Jonathanlb8
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I don't think that 20 to 1 reverse you stated could be right. I just checked the filings and the O/S is at 48 mil, which it has been around since October. Are you talking about the same stock?
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The Insider
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This is from a recent filing:

At a Special Meeting of the Shareholders held January 5, 2005, the shareholders of Empyrean Communications, Inc. approved a change in the name of the Company. Shareholders also approved an increase in authorized shares. Common Shares were increased to one billion (1,000,000,000) and preferred shares were issued to two hundred million (200,000,000). An amendment to the Articles of Incorporation was filed January 20, 2005 changing the Company's name to "Empyrean Holdings, Inc." and increasing the authorized shares. The Company has applied for and received a new trading symbol on the OTC BB. It's new symbol is EPYH.
as per their last recent filing Tradewinds was just issued 200 million shares from EPYH so the outstanding shares are atleast 250 million right now , but probably more.

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The Insider
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their rent 8K

On April 12, 2005, the Registrant announced that it has completed the acquisition of Tradewinds International Corp, a Nevada corporation located in Orlando, FL through a stock swap. Agreements were signed after market closing on Monday, April 11, 2005. Tradewinds is now a 51% owned subsidiary of Empyrean Holdings, and will continue to be active in the real estate investment and consulting business in several states. In consideration of fifty-one percent (51%) of the issued and outstanding shares of Tradewinds, Empyrean will issued two hundred million (200,000,000) shares of common stock of Empyrean to Tradewinds.

Ielieve these 200 million shares are not restricted which meand tradewinds can sell them at any time.

I will be watching this stock to try to make a quick flip on it as I have in the past. But the dilution will probably stop any big gains.

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Jonathanlb8
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I get it. One of MoMo's people. Nice....
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The Insider
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Who's momo?--and who are you talking about?--This is the first time I've been to this board. I usually trade NASDAQ and NYSE but decided a few months ago to use some of my play money in the penny market and so far my results have been outstanding to the point where I am now going to concentrate playing penny's and microcap stocks until the Big Board stocks getted rolling again.If you need any help or advise i would be happy to help and I have an extensive knowledge of the stock market and how it works and spend most of my time reading SEC files looing for the next big winner.
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renrob05
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Which stocks do you like right now Insider?

--------------------
Renee
Easy money!

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renrob05
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SELL-IF


0.0072
+0.0026 +56.52%

Candlestick Analysis
Today’s Candlestick Patterns:

Long White Candlestick




Today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure.

For more about this candlestick click here.

--------------------
Renee
Easy money!

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The Insider
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quote:
Originally posted by renrob05:
Which stocks do you like right now Insider?

Well actually theres a few stocks I like very much right now and feel they may be ready for explosive growth in their price per share as news comes out on them.
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Jonathanlb8
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What are they then?
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Jonathanlb8
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More news just out. This one is really starting to pick up.

Empyrean Holdings Inc. (OTCBB:EPYH) reports that the Echelon at Uptown complex location of the two condos recently purchased by its subsidiary, Tradewinds International Corp, received a favorable report in the April 22, 2005 issue of the Orlando Sentinel (www.orlandosentinel.com). This article is also available on the company's website, www.epyh.com.

80% of the 244 units in this complex that were converted from apartments in 2002 have been sold by the developer Echelon at Uptown Communities LLC.

Tradewinds is currently evaluating the purchase of more apartment conversion condos available in southwest Orlando and progress will be reported as and when it occurs.

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Jonathanlb8
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Here is the lastest PR's for those who haven't been paying attention.


Empyrean Holdings, Inc. Reports on Favorable Views Expressed on the Echelon at Uptown Complex Location of the Two Recently Purchased Condos
Monday April 25, 10:44 am ET



HOUSTON--(BUSINESS WIRE)--April 25, 2005--Empyrean Holdings Inc. (OTCBB:EPYH - News) reports that the Echelon at Uptown complex location of the two condos recently purchased by its subsidiary, Tradewinds International Corp, received a favorable report in the April 22, 2005 issue of the Orlando Sentinel (www.orlandosentinel.com). This article is also available on the company's website, www.epyh.com.
80% of the 244 units in this complex that were converted from apartments in 2002 have been sold by the developer Echelon at Uptown Communities LLC.

Tradewinds is currently evaluating the purchase of more apartment conversion condos available in southwest Orlando and progress will be reported as and when it occurs.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.



Press Release Source: Empyrean Holdings Inc.

Empyrean Holdings Implements New Corporate Development Plan
Friday April 22, 9:56 am ET



HOUSTON--(BUSINESS WIRE)--April 22, 2005--Empyrean Holdings Inc. (OTCBB:EPYH - News), a national real estate holding firm, confirms that its new Corporate Development Plan has been implemented. Management has determined that through forming strong strategic alliances, targeting hard assets with high anticipated returns based on income, and employing restrictive corporate governance guidelines, Empyrean will inevitably significantly increase shareholder value.
Through the implementation of strategic relationships with national construction and property management companies, Empyrean is diversifying its scope of business while improving the efficiency of its operations. In order to keep up with the vigorous demands of operating on a national level, offices in Florida and California are being established with regional analysts in both locations.

CEO and President of Empyrean, Mr. Robert Lee, expressed, "To the end of the year we plan to focus on significantly increasing the asset value of our company based on hard, tangible assets with limited downside potential and significant income. This will provide a solid foundation for the vertical integration of the real estate value chain under Empyrean and make us one of the few OTC companies with hard assets on the books. We have a well-developed plan targeted at reaching $20 million in assets on the books by the end of the year. Shareholders will be very pleased with what is to come."

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.





Press Release Source: Empyrean Holdings Inc.

Empyrean Holdings Subsidiary Acquires $340,000 of Additional Income Properties
Wednesday April 20, 9:30 am ET



HOUSTON--(BUSINESS WIRE)--April 20, 2005--Tradewinds International Corp., the newest subsidiary of Empyrean Holdings Inc. (OTCBB:EPYH - News), closed on $340,000 of additional income properties in Orlando, Fla., yesterday. Empyrean expects these properties to appreciate by at least 24% per year for the next three years. Recently converted from apartments to condominiums by Echelon Communities, LLC, a respected multi-family home builder, the two properties are nestled in the community of Echelon at Uptown.
CEO and President of Empyrean Holdings, Robert Lee offers, "We could not have asked for a better location. The properties are in a beautiful, safe community, which many refer to as the 'Gateway to Downtown Orlando.' The rental income coupled with the annual appreciation in the very hot Orlando market will generate a significant return on investment, and we are very excited about adding these properties to our portfolio."

Aside from continually evaluating possible investment opportunities in some of the hottest real estate markets in Florida, Empyrean analysts are beginning to focus on other suitable investments in Las Vegas, California, and the Midwest. The company's real estate portfolio will soon include a diversified selection of income properties in strategic markets throughout the country. Over the past month, Empyrean has acquired over $1.5 million in hard assets and intends to double its growth rate monthly through the end of the year.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.



Press Release Source: Empyrean Holdings Inc.

Empyrean Holdings Inc. Increases Assets by $1 Million via Acquisition of Tradewinds International
Friday April 15, 12:16 pm ET



HOUSTON--(BUSINESS WIRE)--April 15, 2005--Empyrean Holdings Inc. (OTCBB:EPYH - News), a national real estate holding firm, acquired $1 million in assets on April 11, 2005 when it finalized the acquisition of Tradewinds International via a stock swap. Tradewinds is now a wholly owned subsidiary of Empyrean Holdings, providing the company with excellent real estate investment and consulting opportunities, especially in the prime resort destinations of Florida.
CEO and President of Empyrean Robert Lee confirms, "The acquisition of Tradewinds not only helps to expand and diversify Empyrean's primary business, but it also should contribute to a drastic increase in shareholder value in the near future. We expect Empyrean to enjoy substantial growth through the year's end."

Armed with a new corporate development strategy and devices for revamping corporate governance, management is currently undertaking the necessary steps to hoist Empyrean to the next level. Embracing admirable goals and a clear vision for the future of the company, Empyrean already has its sights set on other potential acquisitions.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results





Empyrean Holdings Inc. Reports Houston Office Relocation to Better Serve as Corporate Head Office
Thursday April 14, 1:52 pm ET



HOUSTON--(BUSINESS WIRE)--April 14, 2005--Empyrean Holdings Inc. (OTCBB:EPYH - News) is pleased to confirm that as part of its corporate restructuring, a decision has been made to relocate the Houston office to larger and better facilities.
It is confirmed that this office, which is now functioning as the Head office for the corporation, is dealing with all corporate matters including that of its newly acquired subsidiary, Tradewinds International Corp.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.




Press Release Source: Empyrean Holdings Inc.

Empyrean Holdings, Inc. Confirms Acquisition of Tradewinds International Corp. Completed Late Yesterday
Tuesday April 12, 9:30 am ET



HOUSTON--(BUSINESS WIRE)--April 12, 2005--Empyrean Holdings Inc. (OTCBB:EPYH - News) is pleased to confirm that the agreements for the acquisition of Tradewinds International Corp. through a stock swap were signed after market closing yesterday, April 11, 2005. Tradewinds is now a wholly-owned subsidiary and management has started formulating the new Business Plan for moving the corporation forward.
President and CEO Robert Lee added, "Tradewinds is in the process of activating its plan to function as an active subsidiary of the corporation that will continue to pursue investment opportunities in the real estate sector. The possibilities for venturing into real property construction are also being reviewed."

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of: The statements in the press release that relate to the company' expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results



Press Release Source: Empyrean Holdings Inc.

Empyrean Holdings Inc. Confirms Completion of Acquisition of Tradewinds International Corp. Will Be On or Before April 12, 2005
Thursday March 31, 10:00 am ET



HOUSTON--(BUSINESS WIRE)--March 31, 2005--Empyrean Holdings Inc. (OTCBB: EPYH - News) is pleased to confirm that the legal work needed to complete the acquisition of Tradewinds International Corp. is nearing completion. Both parties have agreed that the closing date should be scheduled for on or before April 12, 2005.
Tradewinds will become an active subsidiary of the corporation that will continue to pursue opportunities in the real estate business initially in the popular resort destinations in Florida. Presently two properties with excellent investment potential are being evaluated in Key West and Orlando.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of: The statements in the press release that relate to the company' expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results



Press Release Source: Empyrean Holdings Inc.

Empyrean Holdings Inc. Reports Positive Progress for the Acquisition of Tradewinds International Corp.
Thursday March 24, 10:00 am ET



HOUSTON--(BUSINESS WIRE)--March 24, 2005--Empyrean Holdings Inc. (OTCBB:EPYH - News) is pleased to confirm that all work needed to complete the acquisition of Tradewinds International Corp. is progressing well. With the 10KSB filing completed, management, working closely with legal counsel, is committed to completing this acquisition as soon as possible.
On completion of the acquisition, Tradewinds will become a wholly owned subsidiary of the corporation that will continue to actively pursue the real estate business initially in the top resort destinations in Florida.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results




Empyrean Holdings Inc. Reports on the Real Estate Activities of Soon-to-Be-Acquired Tradewinds International Corp.
Tuesday March 15, 2:22 pm ET



HOUSTON--(BUSINESS WIRE)--March 15, 2005--Empyrean Holdings Inc. (OTCBB:EPYH - News) is pleased to announce that the details of the resort condominium purchased by Tradewinds International Corp., is now available on the corporation's Web site: www.epyh.com. The location is at a private retreat called Coral Hammock which is the newest gated community in Key West, Fla. For general information on the Coral Hummock retreat, the Web site is www.coralhammock.com.
Another promising property in Key West, Fla., that will make an excellent investment vis-a-vis redevelopment strategies, is also being evaluated by Tradewinds.

At the juncture, it is relevant to reiterate that the terms for the acquisition of Tradewinds through a stock swap have been finalized between the two parties. Agreements for the consummation of this acquisition, that will make Tradewinds a wholly-owned subsidiary of the corporation, is under preparation for signing as soon as possible.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of : The statements in the press release that relate to the company' expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results


Empyrean Holdings Inc. Updates on Progress of Acquisition of Tradewinds International Corp. and Other Matters
Wednesday March 9, 10:00 am ET


HOUSTON--(BUSINESS WIRE)--March 9, 2005--Empyrean Holdings Inc. (OTCBB:EPYH - News) is pleased to announce that the acquisition of Tradewinds International Corp., (Tradewinds) is on track for completion very soon. Due diligence has been completed and the terms for the acquisition agreed between the corporation and the owners of Tradewinds.
The condominium on Stock Island, Key West, Fla. purchased by Tradewinds for $775,000 last week is being upgraded and income from rental is expected to commence in April 2005. The evaluation of other properties for purchase continues in Key West and its surrounding areas as well as in Orlando.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.


Press Release Source: Empyrean Holdings Inc.

Empyrean Holdings Inc. Updates on Progress of Acquisition and Confirms New Web site Now Functioning
Thursday February 24, 11:41 am ET



HOUSTON--(BUSINESS WIRE)--Feb. 24, 2005--Empyrean Holdings Inc. (OTCBB:EPYH - News) announces that the due diligence being undertaken for Tradewinds International Corp. has progressed without problem. Agreements are being prepared and the finalization of this acquisition is expected soon.
Tradewinds continues to actively pursue real estate investments and has just signed an agreement to purchase a 2-room resort condominium with excellent location in Stock Island, Key West, Fla. for $775,000. Other properties are also being reviewed for purchase and more information will be provided as and when available.

To serve our shareholders and other interested parties more efficiently, the company's new Web site - www.epyh.com - is now functional and it is the intention to continue to provide improvements over the next few weeks.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results



Empyrean Holdings Inc. Signs Letter of Intent to Acquire Real Estate Consulting Company in Florida
Tuesday February 1, 11:31 am ET

HOUSTON--(BUSINESS WIRE)--Feb. 1, 2005--Empyrean Holdings Inc. (Nasdaq. B.B. - EPYH) is pleased to announce that a letter of intent for the acquisition of Tradewinds International Corp., a Nevada corporation, through a stock swap was signed yesterday.
Tradewinds is active in the real estate consulting business in several states and maintains a close working relationship with Platinum Properties Inc., an established real estate brokerage firm located in Orlando, Fla.

Tradewinds is presently reviewing the purchase of eight lots located in the high end residential area of Orange County, Fla. for approximately $6 million. Both parties have commenced work towards finalizing an acquisition agreement, which is a condition of the letter of intent.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results

1/25/05 9:37 AM

Empyrean Communications Inc. Confirms New Name and Ticker Symbol

Empyrean Communications Inc. (OTCBB:EPYR) hastens to confirm that official notification was received late yesterday that the name change to Empyrean Holdings, Inc. is now official... It was further confirmed that the company's ticker symbol as from today has changed to EPYH.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company' expectations with regard to the future impact on the company's results from new products in development are forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.


1/24/05 2:47 PM

Empyrean Communications Inc. Reports on Name Change and Acquisition Progress

Empyrean Communications Inc. (OTCBB:EPYR) announced that the filing of the Amendments to its Articles of Incorporation and name change has been approved and a new Cusip number obtained. Application has also been made for a new ticker symbol and the change over date to the new name and symbol will be announced soon.

Furthermore, work on the acquisition of the real estate consulting company through a stock swap has been progressing well. Barring anything unfavorable being revealed by the due diligence being undertaken, this acquisition is expected to be completed within the next 30 to 45 days Once the acquisition is concluded, it is the intention of Management to pursue with vigor this thrust into the real estate sector and due emphasis will be given towards increasing shareholder value in the near future.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results


Press Release Source: Empyrean Comm. Inc.

Empyrean Comm. Inc. Reports on Special Shareholders Meeting Results and Other Matters
Thursday January 13, 3:01 pm ET



HOUSTON--(BUSINESS WIRE)--Jan. 13, 2005--Empyrean Comm. Inc. (OTCBB:epyr - News) is pleased to announce that the shareholders who convened at the Special Shareholders meeting on January 5, 2005 approved the full agenda and Empyrean will initiate its new business direction immediately.
Management, working closely with Corporate Counsel, is in the process of implementing two priority action items of (a) increasing the authorized shares of the corporation and to provide discretion to the Board of Directors with respect to the terms of the preferred stock and (b) to change the name of the corporation to Empyrean Comm. Inc. to reflect more accurately the corporation's revised business plan and future direction. Application will be made for a new Cusip number and a new trading symbol will also be obtained.

A decision has been taken to withhold any ad hoc real estate purchases at this stage as the opportunity to acquire a consulting company that is active in this sector through a stock swap has arisen. Serious consideration is being given to this opportunity and further announcements will be made as developments occur.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

Posts: 839 | From: Lynn, MA | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
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Checkout their website for future updates.


www.EPYH.com

Posts: 839 | From: Lynn, MA | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
   

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