Coastal Holdings, Inc. Announces Letter of Intent for Reverse Merger with Aqua Gold International, Inc. Monday February 5, 11:14 am ET
HOUSTON, TX, Feb. 5 /PRNewswire-FirstCall/ - Coastal Holdings, Inc. (COHG: Pink Sheets), today announced that it has signed a Letter of Intent (LOI) to execute a reverse merger with Aqua Gold International, Inc., a Canadian Corporation involved in the marketing and distribution of premium natural spring water. Under the terms of the LOI, Coastal Holdings will acquire all of the outstanding common stock of Aqua Gold International pursuant to a share exchange agreement. Following the signing of this agreement, Coastal Holdings' attorneys will file for a name change to Aqua Gold International, Inc. with the Secretary of State of the State of Nevada and will be assigned a new trading symbol from the NASDAQ Market Integrity Department. In addition, a new Board of Directors will be named by the Corporation. ADVERTISEMENT
CEO Andrea Cortellazzi stated: "After reviewing all of our strategic options, a reverse merger with Aqua Gold was deemed to be the most effective way to enhance shareholder value. Aqua Gold is an established company with assets and tremendous revenue potential in the multi-billion dollar bottled water industry. We see this as a great opportunity for Coastal Holdings' shareholders."
About Aqua Gold International, Inc.
Aqua Gold International, Inc. ("Aqua Gold") is a Canadian Corporation involved in the marketing and distribution of premium natural spring water. Aqua Gold's proprietary brand of natural spring water called "AQUA GOLD" is produced in Canada and bottled on a Native Reserve, the Mohawk Nation Territory of Akwesasne. The Company's mission to establish a prominent position in the worldwide bottled water market and, in particular, become one of the best-selling brands of bottled water in the Asia-Pacific region.
Aqua Gold's manufacturer has been recognized by Wal-Mart, the Canadian Bottled Water Association (CBWA), the International Bottled Water Association (IBWA), and the National Sanitation Foundation as a superior quality producer. Aqua Gold's standards of excellence far surpass our competition. We recognize that the consumer is looking for safe, good tasting water and we strive to deliver exactly that. Aqua Gold is committed to producing the best quality, purest tasting natural spring water available on the market. We select our spring water sources according to internal standards. These standards are far more stringent than the US Food and Drug Administration (FDA's), the CBWA's and IBWA's.
For more information on Aqua Gold International, Inc. please contact CEO and Chairman Manuel Da Silva at (514) 886-9079 or visit the Corporate website at www.aquagoldinternational.com.
For more information on Coastal Holdings, Inc. please contact CEO Andrea Cortellazzi at (514) 288-9699.
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.