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12:20 04/05/2004 (PAVP) Proactive Computer Services to CDVJ CortDev, Inc :)
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[QUOTE]Originally posted by salemm: [QB] NEWS!! Coastal Holdings, Inc. Acquires Major Stake in Vetdermal Systems Limited 5/5/04 HOUSTON, May 05, 2004 (PRIMEZONE via COMTEX) -- Coastal Holdings, Inc. (Pink Sheets:CSJJ) is pleased to announce the acquisition of a major stake in Vetdermal Systems Limited, an England-based company that is developing an innovative drug delivery system for animals. Vetdermal's novel drug dosage system is based on a unique technology platform originally developed in Israel. The company is planning drug trials in the coming months with strategic partners in the industry. Mr. Mayir Asher, Vetdermal CFO, said that he was very excited about this new investment from Coastal Holdings and believed that this would contribute to the company's future development in both Europe and the United States. Coastal Holdings CEO, Mr. Andrea Cortellazzi, said that this investment is a major step forward in the growth strategy of the company. Vetdermal Systems is a good fit with respect to our mission to become a dominant, leading-edge technology holding company. Please be aware that all CortDev, Inc. (Pink Sheets:CDVJ) shareholders will receive CSJJ shares based on the settled CDVJ shares in their account(s) on the May 19 date of record. CDVJ shareholders will receive 1 restricted share of CSJJ common stock for every 100 shares of CDVJ common stock owned. For further information please contact CEO Andrea Cortellazzi at (514) 830-3348 on Monday after his return from Tel-Aviv, Israel. salemm. [/QB][/QUOTE]
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