Empyrean Holdings, Inc. Announces 25% Stock Dividend.

HOUSTON -- Empyrean Holdings Inc. (OTCBB:EPYH), a national real estate holding company, reported today that it will be granting a 25% common stock dividend to EPYH common shareholders of record as of August 25, 2005. The common shares to be issued for this stock dividend will be sent out shortly thereafter.

Management has decided that it is in the best interest of its shareholders to establish the dividend and expects that it will assist the company to achieve its goals. Empyrean currently maintains a real estate development portfolio of $120 million in California, Florida, Wisconsin, and Missouri.

CEO Robert L. Lee stated, "We have established a corporate policy that we will reward our shareholders wherever and whenever we can. We work for the shareholders and appreciate their faith and support and are making our best attempts to mitigate their risks and make this the best performing security in their portfolio. We would like to thank them for their commitment."

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and is subject to change at any time, the company's actual results may differ materially from expected results.