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[QUOTE]Originally posted by mbmaid: [QB] CSJJ NEWS - Coastal Holdings, Inc. Releases Statement of President of Future Audit Committee Mr. Jacques Vallee Mar 14, 2006 8:30:00 AM HOUSTON, TX -- (MARKET WIRE) -- 03/14/06 -- Coastal Holdings, Inc. (OTC: CSJJ) today released the following statement made by Mr. Jacques Vallee, the recently appointed President of the Company's future Audit Committee. "As a non-executive director and President of the Company's future Audit Committee, I will work 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. My primary role in this corporation is to expedite its attainment of OTC Bulletin Board Status in the next 45 days. My first task, in order to achieve this goal, is to review and close the acquisition of an OTC-BB listed company in short order. "Through my experience as the first Vice-President, Strategic Investments of the Fonds de Solidarite (FTQ), a venture fund with more than $6 billion in assets and investments in over 1,200 firms, I learned that three things matter in running a company successfully -- management, management and management. It has always been true and remains so today. "I accept this challenge because this team literally has a 'lifetime' of managerial, financial and operational experience. The firm's principals have been Presidents and CEOs of operating companies and I am proud to be a part of this team and look forward to making sure that the future is a bright and promising one for our current and future shareholders. "They don't waste their time or money. Their pragmatic approach and unique global market perspective focuses their efforts on high margin and productive activities that maximize shareholder value. Together we will formulate and implement the required strategy to ensure Coastal Holdings' continued growth and success. "In my point of view, Coastal Holding Inc's mission is: Creating Stockholder Value. In fact, our business mission is to create substantial, incremental stockholder value by investing in high growth projects by using our own capital. Furthermore, we selectively invest capital in private transactions as principals and also raise additional capital for our own projects." For more information please contact CEO Andrea Cortellazzi at (514) 288-9699 or visit the Company website at [URL=http://www.coastalholdings.com.]www.coastalholdings.com.[/URL] Please note that the website is currently under re-development to reflect the new strategy and operations of the Corporation. 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. Contact: Coastal Holdings, Inc. CEO Andrea Cortellazzi Ph# (514) 288-9699 E-mail: aandre005*sympatico.ca URL: [URL=http://www.coastalholdings.com]www.coastalholdings.com[/URL] [/QB][/QUOTE]
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