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[QUOTE]Originally posted by winner: [QB] Free-Press-Release.com) September 28, 2010 -- (Boynton Beach, FL- September 22nd, 2010) On September 1st, Coastal Capital Acquisition Corp., a Florida corporation (“CCAJ” or the “Company”) completed a share exchange with Planet Impact, Inc. a Florida Corporation (“Planet Impact”) in which CCAJ acquired all of the issued and outstanding common stock of Planet Impact in exchange for 1,000,000 shares of Series C preferred stock of CCAJ. The Series C preferred stock of the Company carries voting and conversion rights of 950:1 and other rights and preferences as set forth in Articles of Amendment filed with the Florida Secretary of State on August 10, 2010. As a result of the share exchange, Planet Impact is a wholly owned subsidiary of CCAJ. Under the terms of the Share Exchange Agreement, Jeffrey Berkowitz and Tracy Anderson have resigned as officers and directors of CCAJ. Mike Lambert, co-founder and CEO of Planet Impact, and Stephen Remondini, co-founder and President of Planet Impact have been appointed to the Board of Directors of CCAJ and as CEO and President, respectively of CCAJ, subject to employment agreements. Mr. Lambert and Mr. Remondini will continue to serve as officers of Planet Impact. Planet Impact was formed with a culture and a mindset of developing and combining technologies to address the global call for clean energy, lower carbon emissions, lower fuel consumption, drinkable water, and the elimination of chemical usage/dependency in our food supply chain. The company has assembled a diversified product mix that management believes create solutions that serve the burgeoning demands of different vertical industries, and changing consumer needs. According to Mr. Remondini, President, “We believe this transaction is an excellent fit and will provide the Company with an excellent vehicle to generate revenue, raise additional resources, and expand operations.” The Company is currently producing a National TV Series “Planet Impact TV” which is scheduled to air during the first quarter of 2011 which we anticipate will enhance the Corporate marketing campaign, and support the fuel, water, and portable power solutions scheduled to roll out Q1 and Q2, 2011. “We are also taking steps to transition CCAJ from shell company status and into an operating company.” Stated Mr. Lambert, CEO, “We’ve engaged auditors and SEC counsel and are currently reviewing the steps we need to take, to bring the Company current in its public information, and as we move forward.” The Company’s also planning to host a “Virtual Town Hall” audio and video conference, a free live video feed with audio and text messaging capabilities to formally introduce Planet Impact to CCAJ’s stock holders. Dates will be available at [URL=http://www.planetimpactinc.com]www.planetimpactinc.com[/URL] where stockholders can also sign up for the PI Newsletter, and stay abreast of all future correspondence. About Planet Impact Planet Impact is a developer and distributor of fuel, water, solar and other environmental products. Its offices are located at 1880 N. Congress Ave, Boynton Beach, FL 33426. [/QB][/QUOTE]
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