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To expound on our business model, $CCAJ is actively seeking possible acquisitions of companies to drive revenue for the company as described in our new SIC Code 6719. Once acquired, rather partially or wholly, we we effectively look for ways to increase and expand the business.
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William Pitre Installed as the New CEO of Coastal Capital Acquisitions Corp Personnel Announcement | 04/28/2022 William Pitre Appointed the Chief Executive Officer of Coastal Capital by Panthera Capital Holdings who acquired CCAJ's Parent Company ERAA
Coastal Capital Acquisition Corp. (OTCMKTS:CCAJ)
JACKSONVILLE, FLORIDA, UNITED STATES, April 28, 2022 -- Recently, PCH acquired European Registered Agent Authority (ERAA). This entity had a controlling interest in Coastal Capital, which is a SIC Code 6719 - Office of Holdings Companies entity. After that deal was completed, the board of PCH decided that the company's current leader would become the new chief executive officer or CEO of CCAJ. William Pitre is licensed by the Financial Industry Regulatory Authority (FINRA) and has a long track record of success in the field of finance.
His business acumen has allowed him to become a member of the Million Dollar Round Table (MDRT). During his career, Pitre has worked in a variety of departments such as sales, insurance and human resources. His background gives him the insight needed to consider decisions from a variety of perspectives, which is why he has been so successful as an executive.
Without quality leadership, it is difficult for a company to achieve its goals. Fortunately, Coastal Capital is about to get a quality leader as William Pitre is going to be leaving his position as CEO of Panthera Capital to take over the same position at Coastal.
Pitre is a licensed FINRA Licensed Agent, which means that he has a firm understanding of American securities laws and a firm understanding of markets in general. Furthermore, the fact that he is licensed by FINRA means that he must maintain a high level of ethical standards at all times.
Ultimately, this provides him with an incentive to only make decisions that are in the best interest of Coastal Capital and its key stakeholders. Furthermore, it also means that the companies he does business with can feel good that they are working with a trustworthy partner that will help to meet their goals as well.
Those who work with Pitre will also come to find that he is a man of his word and that he believes in the importance of valuing people as much as profits. A member of the Episcopal Church, he regularly engages in projects aimed at strengthening his community. Furthermore, his religious background has helped to shape his belief that diversity and inclusion make organizations stronger.
William Pitre has long been lauded for his ability to identify merger and acquisition opportunities that can help companies be profitable for many years to come. As Panthera had an investment timeline of roughly a decade, he was required to look for acquisition targets that had solid management teams and products that had a permanent place in the market.
Under Pitre's stewardship, Coastal Capital Acquisition Corp. will be able to execute a viable long-term vision for acquiring businesses and maximizing return on capital. Currently, Coastal has its eye on several companies that may fit its investment criteria. Of course, the long-term success of CCAJ is important to Panthera Capital as it will also help to improve its prospects for increased revenue and market share.
PCH is a holding company that has offices in multiple countries including the United States, Canada and the Dominican Republic. Although it will likely invest in almost any company that meets its criteria, PCH primarily uses its resources to help firms in the leisure, financial services and real estate sectors. In most cases, PCH aims to meet its investment objections within a period of 10 years.
Coastal Capital is a holding company that is willing to work with companies in multiple sectors. While PCH tends to work with companies that have an international presence, Coastal tends to work with companies that are based in the United States or have a strong presence there.
*FINRA License for Mr. William Pitre CRD#: 3087291
Investor Relations Department Coastal Capital Acquisition Corp. +1 888-241-7333
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Happy Thursday $CCAJ Nation!! We are pleased to announce that we have officially entered into Negotiations with the possible acquisition of Glow Path Pavers. Wish us Luck!!!
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Note the CFO exercised his option to buy 15M shares-a VERY positive sign to the future. The buy signal has never been stronger. Posts: 904 | Registered: Feb 2004
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BUSINESS DESCRIPTION Coastal Capital Acquisition Corp. (CCAC) is now a Builder primarily engaged in the construction of single-family houses (SIC 6552) and other buildings for sale on our own account rather than as contractors including renovations. Our secondary business engagement is an Office of Holding (SIC 6719) companies primarily engaging in holding the equity interest in (or securities) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions of these firms. Our efforts to identify a prospective target business will not be limited to a particular industry or geographic region while accessing the needs of a new acquisition and take an active role in the hiring and management processes.
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CCAC has engaged in numerous development projects including but not limited to: • ~30 acres of luxury homes in Alabama • ~32 acres of luxury homes in Nevada • ~10 story high rise in Nevada
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CCAC has engaged in numerous development projects including but not limited to: • ~30 acres of luxury homes in Alabama o Currently having the site surveyed by Jeffcoat Engineering Services for the following: Plotting of Individual Home Sites Elevation Requirements HOA organization • ~32 acres of luxury homes in Nevada o Surveyor is completing the process to plot of the space available to insure it is up to code according to Clark County • ~10 story high rise in Nevada o Designs have been submitted to the city for approval CCAC’s responsibility for these projects within the realm of managing material purchases, design for the interior and exterior for this projects as well as the management of the sell of these properties once they are complete. In addition, CCAC will act as a GC to a smaller capacity when it comes to the development of streets and elevations of properties. We are currently in the engineering and design stages of these projects and have hired a Civil Engineer to submit drawings and designs in order to pull permits in the perspective locations.
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What is the timeline for CCAC to become Pink Current Once Again? We are targeting End of the 4th Quarter of 2022 to become fully reporting, but will put the status at Pink Current by the end of the 3rd Quarter.
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Does the Reverse Split Affect the Shares Held by Insiders? Yes, ALL outstanding shares will be affected the same. Management believes in the direction of the company and looks forward to the future and the benefits the Reverse Split will have for our shareholders and company.
Filings Show roughly 190 Shareholders, Does this include the NOBO List? No. The NOBO List shows ~2,300 shareholders.
How Does this Reverse Split Benefit the Shareholders and the Company? Through the years I have witnessed many Reverse Splits and they are frequently utilized to regain control and ability to raise the price to move forward with OTCQB, NASDAQ, NYSE, etc. Moving the company up opens more opportunities for the company thus benefiting the shareholders due to the growth and sustainability of the company.
Mr. William Pitre
With the History of Reverse Splits, How Can CCAC Make Ours Different? While there have been failed Reverse Splits in the eyes of shareholders, there has also be successful ones that accomplish the goals set out while seeking the corporate action. We believe the Company has been guided to a position that Shareholders and the Company can benefit from the decisions the company has made through this point. Additionally, because of the strength of our management team and experience, we have the ability to make sound decisions as our intentions are for growth and sustainability of the company which benefits our shareholders.
-Mr. William Pitre
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As of December 31, 2022, the Company had net operating loss carry forwards of approximately $ (9,902,499) that maybe offset against future taxable income. No tax benefit has been reported in the December 31, 2022, or 2021 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.
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