Coastal Holdings, Inc. Signs Purchase Agreement to Acquire Major Parcel of Land in Paris, France; Company Plans Urban Development Project Valued at approximately 80 Million Euros.

HOUSTON -- Coastal Holdings, Inc. (CSJJ: Pink Sheets), today announced its strategic decision to diversify its holdings by expanding into the high-growth, global Real Estate Development industry. The Company will diversify and focus on two industries: Technology (in particular Biotechnology with its equity interest in Vetdermal Systems Limited) and Real Estate Development.

Further to its expansion into the Real Estate Development industry, Coastal Holdings Inc. is pleased to announce that it has signed a purchase agreement to acquire a 1 square kilometer parcel of land in Paris, France. The Company is planning to undertake up to an 80 million euro, 5 to 10 year urban development project on this land, which is located about 12 kilometers from the capital city of Paris. The location of the land 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.

Approximately 20% of the land will be rezoned for residential use (i.e. retirement homes and single- and multi-family dwellings), with the remaining area to be rezoned for light industrial use. Coastal Holdings Inc. is in the process of securing contracts with major local and European development firms to assist in attracting potential investors to this valuable property.

CEO Andrea Cortellazzi stated: "This acquisition is a major step forward for Coastal Holdings and its shareholders towards our goal of establishing a profitable, multi-million dollar global holding Company. This is a valuable asset for the Company and will provide us with the leverage and flexibility to pursue other lucrative ventures in the near future. Further details on this major project will be disclosed in short order upon finalization of the urban development plan."

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.