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News for 'CSJJ' - (Coastal Holdings, Inc. Releases Updated Statement of President of Future Audit Committee Mr. Jacques Vallee)
HOUSTON, TX, Mar 23, 2006 (MARKET WIRE via COMTEX) -- Coastal Holdings, Inc. (OTC: CSJJ) today released the following updated statement made by Mr. Jacques Vallee, the recently appointed President of the Company's future Audit Committee.
"I am writing to you as President of the Company's future Audit Committee. As you know, I am working with the team of Coastal Holdings to identify and formulate a business strategy focused upon maximizing shareholder value and protecting the shareholders' rights and interests.
"I am pleased to announce that we have already identified a few OTC BB shells that are strong candidates for a reverse takeover. Of course before we invest in an OTC BB shell, we have to conduct due diligence on it. We must purchase the one that is not only in good financial and legal standing but is also the best fit for our organization.
"I want to reiterate that my primary role in this corporation is to expedite its attainment of OTC Bulletin Board Status. We will achieve this goal soon. The Company's accounting and legal departments are working hard on the first acquisition of an OTC-BB listed company. We expect to close this acquisition on April 15, 2006."
For more information please contact CEO Andrea Cortellazzi at (514) 288-9699 or visit the Company website at www.coastalholdings.com. Please note that the website is currently under re-development to reflect the new strategy and operations of the Corporation.
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Volume picking up today. Should start to move in the next few weeks before the April 15th acquisition date. But beware, the owner has done some really shady things in the past.
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Had to quick check my sell order. I was thinking a while back about flipping it, wanted to make sure I had changed it with all these big block buys at the ask.
-------------------- You are what you do, not what you say!
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The last PR said they expected the acquisition of the OTCBB company to be completed by April 15. I'll give them the benefit of the doubt and wait for news today. But if there's another PR stating "intentions to acquire" I may have to unload this "neverending promises" stock.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford
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I sent an email to them today. Asked them to please inform the stockholders of what is going on since they passed their 'expected date' of the completion of the acquisition.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford
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