Coastal Holdings, Inc. Announces Completion of Initial Investment in Major Parcel of Land in Paris, France; Company to Initiate Stock Buyback Program.

HOUSTON -- Coastal Holdings, Inc. (PINK SHEETS: CSJJ), 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 [phone] 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.