Coastal Holdings, Inc. Announces Signing of Contract to Distribute 65 Million Cases of Canadian Indian Bottled Water in Shanghai

CEO Mr. Horace Sirois Completes First Part of Commercial Mission with Signing of Landmark 5-year Contract in Shanghai 


HOUSTON, TX, May 31  /PRNewswire-FirstCall/ -- Coastal Holdings, Inc. (PINKSHEETS: COHG - News) today announced that CEO Mr. Horace Sirois has signed a 5-year distribution contract with a Shanghai, China-based distributor to sell 65 million cases, composed of 24 500mL bottles per case, of "Canadian Indian Spring Water".

The total value of the agreement represents recurring revenue of more than $ 400 million over a 5-year period. Management and the venture partners will be working together to establish this contract as the flagship venture of 2007 in China's bottled water industry.

The contract is set to commence with the distribution of the bottled water within 30 days. The contract specifies a delivery protocol starting with sequential shipments of 1 million cases over the next 5 years. Mr. Sirois stated: "We have accomplished our ultimate goal and established the bases of a long-term partnership by making our distinguished Shanghai distributor an equity partner of our new venture - 'Canadian Blue Gold Inc.'"

In order to facilitate business relations and to act as an international representative in validating and coordinating credit facilities and legal affairs, the Company will retain the services of the Law firm Lehman Lee & Xu; located on the 6th Floor, Dongwai Diplomatic Office Building, 23 Dongzhimenwai Dajie, Beijing 100600, China.

Mr. Sirois will arrive in Beijing on Thursday to negotiate other potential distribution agreements in China and to provide the attorneys with all the documentation in regards to the signed contract.

Management would like to congratulate Mr. Sirois and our new Shanghai partners on this major achievement and thank all shareholders for their patience and support throughout this process.

For more information please contact Allain Barriere offices at 514-977-1271.

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. 

DATASOURCE: Coastal Holdings, Inc



CONTACT: Allain Barriere offices at [phone]

Copyright