Empyrean Holdings, Inc. Revises 25% Stock Dividend Date to August 30, 2005.

HOUSTON -- Empyrean Holdings Inc. (OTCBB:EPYH), a national real estate holding company, reported today that for administrative reasons the date of record for the 25% common stock dividend to be granted to EPYH shareholders has been be revised to August 30, 2005. There will, however, be no delay in sending out the common shares to be issued for this stock dividend shortly after the revised date of record.

Management also takes this opportunity to reassure shareholders that its policy of rewarding shareholders at every suitable situation that presents itself remains unchanged. Furthermore, the continuing support of its shareholders can only act as a potent catalyst for the company to advance its real estate development portfolio of $120 million in California, Florida, Wisconsin, and Missouri.

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 are subject to change at any time, the company's actual results may differ materially from expected results.