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Coastal Holdings, Inc. Announces Completion of Initial Investment in Major Parcel of Land in Paris, France Tuesday June 21, 11:05 am ET Company to Initiate Stock Buyback Program
HOUSTON--(BUSINESS WIRE)--June 21, 2005--Coastal Holdings, Inc. (PINK SHEETS: CSJJ - News), today announced that, through its affiliate company, it has completed the initial investment in the 1 square kilometer parcel of land ("the Property") in Paris, France. With this investment, the Company has secured 50% ownership of the Property. The Property is presently in the process of being de-zoned, which will take approximately 6 to 18 months to complete. Coastal Holdings is planning to undertake up to an 80 million euro, 5 to 10 year urban development project on this Property, which is located about 12 kilometers from the capital city of Paris. The location of the Property for this development project is ideal and will be in high demand as it is situated on the Ile de France (Paris), mainly in the Essonne region, which is in close proximity to the train stations (the SNCF) and the major highways.
Coastal Holdings also announced that it will initiate an aggressive stock buyback program. The Company's board of directors has authorized management, in its discretion, to purchase shares of CSJJ's common stock over the next 12 months. The effective date of the repurchase program will be announced by the end of the month.
CEO Andrea Cortellazzi stated: "This action reflects our strong belief in the fundamental value of the development project in Paris. At current prices, we believe our stock represents an attractive investment opportunity and that this action reflects our ongoing commitment to improving long term stockholder value. We believe we will have sufficient capital resources to undertake this buyback program and continue to pursue our strategic initiatives." Mr. Cortellazzi went on to state: "We have retained the services of an investment firm that will issue an analyst report on the Company. The report is expected to be released to shareholders by the end of next week."
For more information please contact CEO Andrea Cortellazzi at (514) 288-9699 or visit the Company website at www.coastalholdings.com.
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.
posted
any idea of the current share structure? the bid side has firmed up a lot last week-now 8x2 mm's. thanks.
Posts: 3056 | Registered: Feb 2005
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posted
Only thing I worry about is they don't freely give out o/s or float. It is almost always a bad sign when a non reporting company says buyback yet they don't even give details of what there plan is and what the structure is now. Also Willy Wizard is pumping this pretty hard. Usually means a P&D when he is paid to profile a stock. Good luck, hope this one is different.
-------------------- Learn the hard way with pennies Posts: 153 | Registered: Nov 2004
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posted
malloy-thanks-let us know what the ceo says-this is getting close to moving north-best time to buy is when volume has dried up. volume has really dried up in the last few weeks-jmho
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posted
I think it will move soon-13.1 million volume today-average is 6.1 million. as soon as news or volume comes in, it moves up great-jmho
Posts: 3056 | Registered: Feb 2005
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I think it will run fast on any good news, best time to buy is when volume has dried up, and it sure has here-jmho
Posts: 3056 | Registered: Feb 2005
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Coastal Holdings, Inc. Announces Intention to File Application to List Shares on the OTC Bulletin Board
Tuesday , July 26, 2005 14:04 ET
HOUSTON, Jul 26, 2005 (PRIMEZONE via COMTEX) --Coastal Holdings, Inc. (Pink Sheets:CSJJ), today announced that it will begin the application process to list the Company's common shares on the OTC Bulletin Board. As part of the OTC Bulletin Board application and approval process, the Company is required to meet certain eligibility criteria including the filing of audited financial statements in order to become fully reporting with the Securities and Exchange Commission. In order to expedite this process, the Company will purchase an OTC Bulletin Board shell. This purchase is currently in the negotiation stages with the Company's legal department.
"By beginning the process to list CSJJ's shares on the OTC Bulletin Board, we move closer to achieving another milestone set out for the company," stated CEO Andrea Cortellazzi. "The listing of CSJJ's common stock on the OTC Bulletin Board will enhance the Company's liquidity and credibility, and enable the Company to expand and enhance its business through mergers and acquisitions. The Company is currently evaluating other investment opportunities and ventures in the biotechnology and nanotechnology fields in Israel to add to its equity interest in Vetdermal Systems Limited."
Coastal Holdings is also pleased to announce that it has initiated its stock buyback program. All repurchased shares of common stock will be retired and cancelled by the Company, which will decrease both the issued and outstanding and authorized number of shares of the Company's common stock. In addition, the analyst report on the Company should be released in the next five business days. The delay was due to the fact that the investment firm has been verifying information submitted by the Company.
For more information please contact CEO Andrea Cortellazzi at (514) 288-9699.
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.
SOURCE: Coastal Holdings, Inc.
Coastal Holdings, Inc. Andrea Cortellazzi, CEO (514) 288-9699 aandre005@sympatico.ca
(C) 2005 PRIMEZONE, All rights reserved.
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-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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You never know, if they buy a shell that is already OTCBB, can go fast. No matter, I'll buy and sell many times until then...just ride the wave.
quote:Originally posted by ChrisLee: What will it goto if its approved for OTC, and how long is the process?
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I like this part of the press today-Coastal Holdings is also pleased to announce that it has initiated its stock buyback program. All repurchased shares of common stock will be retired and cancelled by the Company, which will decrease both the issued and outstanding and authorized number of shares of the Company's common stock. In addition, the analyst report on the Company should be released in the next five business days. The delay was due to the fact that the investment firm has been verifying information submitted by the Company.
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posted
I read on some other boards about this stock tonight, seems like alot of people will be jumping on the bandwagon
Posts: 258 | Registered: Jul 2005
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posted
Careful with these guys- formerly part of the pavp , cdvj scam. Just full of pump and dump and reverse splits. Never follow through on anything and you will have a hard time finding out the numbers. Phone the transfer agent and you might get lucky.
-------------------- The Mouse Posts: 443 | From: Valemount | Registered: Dec 2003
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posted
thanks for info-this is the key word in the press, they said--initiated----That means they have started already? they did retire over 3 billion in march of this year-thanks for all the input-the press said 5 days-I will wait and see what takes place.
Posts: 3056 | Registered: Feb 2005
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posted
found this also-also found this-if they hold true to their word-------Thursday December 9, 2004 9:00 am ET
HOUSTON, Dec. 9, 2004 (PRIMEZONE) -- Coastal Holdings, Inc. (Other OTC:CSJJ.PK - News), a leading edge global technology holding company, announced today that it has passed a resolution stating that it will not perform a reverse split of its issued and outstanding shares. In addition, the Company confirmed its intention to buyback and retire a significant number of shares in the coming year. These initiatives are in line with the Company's commitment to maximizing shareholder value. CEO Andrea Cortellazzi stated:
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