Coastal Capital Acquisition Corp (CCAJ)

[papadedavid]

Hi all, do you remember this new?

EZTO:EZ2Companies.com, Inc. Announces the Cancellation of 60,000,000 Shares of Common Stock
Sep 12, 2006 10:00:00 AM
MIAMI, FL -- (MARKET WIRE) -- 09/12/06 -- EZ2Companies.com, Inc. (PINKSHEETS: EZTO) announced today that it has canceled 60,000,000 shares. 50,000,000 of them previously were issued for a possible purchase of technology. Since the company is considering several other business opportunities, the need for such technology would be unnecessary. The other 10,000,000 are from Otto Bethlen, founder and former CEO of the company.

The company's CEO, Jeff Berkowitz commented, "We are glad to be able to announce this share cancellation, allowing us to increase shareholders value. Our goal is to reduce the company's outstanding share count, and this is only the first of several planned cancellations. We are also working on other venues that would allow us to reduce the outstanding shares."

What about those 10mm from Otto?...remember the float has just increased about the same...