Coastal Holdings, Inc. Announces Appointment of Yves Renaud
, CA as Chief Financial Officer (CFO)
Mr. Yves C. Renaud, CA, is committed to listing Company shares on the OTC Bulletin Board
HOUSTON, TX-- (MARKET WIRE) — August 23rd, 2006 – Coastal Holdings, Inc. (CSJJ: Pink Sheets), today announced the appointment of Yves C. Renaud, CA as Chief Financial Officer of the Company.
Yves C. Renaud, CA has confirmed the acceptance of his nomination and has assumed his new role as Chief Financial Officer of the Company in preparation for the next Board of Directors meeting during which the Board will officially confirm his status.
Mr. Renaud was a Partner in charge of R&D division of the Taxation Department at Grant Thornton, Chartered Accountants, in Montreal. Over the last 25 years, he has been extensively involved in tax and financial consultation. He is a lecturer in Finance at the School of Superior Technology (École de Technologie Supérieure) and is a former lecturer at the H.E.C. of Montreal (École des H.E.C.) in the MBA program. He also lectured in taxation at the same institution from 1980 to 1983, then subsequently at the University of Montreal (Université du Québec à Montréal) from 1983 to 1993 and, lastly, as part of the graduate tax program (Diplôme d’études supérieures spécialisées en fiscalité) at the H.E.C of Montreal. A Canadian Tax Foundation (CTF) Governor from 1994 to 1997, Mr. Renaud was also Chairman of the Tax Committee of the Order of Chartered Accountants of Quebec (Ordre des Comptables Agréés du Québec) in 1993 and 1994. Author of a number of articles and books dealing with tax issues, he was a member of the CTF’s forum committee and is still a member of the R&D steering committee of Canada Customs Revenue Agency. At Grant Thornton, Mr. Renaud has been dealing with Venture Capitalists for a number of clients of Grant Thornton involved in High Technology.
Since October 2002, Mr. Renaud has acted as a tax and financial consultant. In the scope of his consulting work, he is involved in the organization of the Finance and Accounting function, he participates in the negotiation of agreements with respect to the acquisition of companies on behalf of clients. He prepared and evaluated financial projections of investment projects of 45 and 14 million dollars respectively. He is also involved in assisting start-up or growing companies in the development of their business plan and financial projections, and in supporting them in their process to secure financing and grants. In the course of these mandates, Mr. Renaud was occupying the position of Chief Executive Officer (CEO) and Chief Financial Officer (CFO), on an interim basis, for a US public company in the environment and renewable energy fields. More recently, he graduated from the College des Administrateurs de Sociétés (College of Corporate Directors) of Laval University in Corporate Governance.
Mr. Renaud's main goal and objective is to take all the necessary steps to develop an effective corporate financial strategy that is focused on achieving revenue and profit growth and above all creating value for Coastal Holdings´ shareholders. He plans to achieve this goal through proper Corporate Governance directed by the Company's Management team.
Yves C. Renaud still plans to list the Company’s common shares on the OTC Bulletin Board. Mr. Renaud, in conjunction with the Company’s financial department, will devise a strategy that will enable Coastal Holdings to attain OTC Bulletin Board Status as soon as possible.
For more information on Coastal Holdings and its new strategic growth initiatives, CEO Andrea Cortellazzi advises all shareholders to contact Mr. Yves C. Renaud, CA. AND NOW TAKE NOTICE OF THE COMPANY THAT COHG ANNOUNCED A R/M WITH -AQUA GOLD INTERNATIONAL INC.- AND THEN GO TO THE AQUA GOLD WEBSITE: http://www.aquagoldinternational.com/ AND CLICK ON "MANAGEMENT" AND YOU WILL SEE YVES RENAUD IS THE CFO WITH NO MENTION OF HIS POSITION AT COHG
Coastal Holdings, Inc. Announces Letter of Intent for Reverse Merger with Aqua Gold International, Inc.
HOUSTON, TX, Feb 05, 2007 /PRNewswire-FirstCall via COMTEX/ -- Coastal Holdings, Inc. (COHG: Pink Sheets), today announced that it has signed a Letter of Intent (LOI) to execute a reverse merger with Aqua Gold International, Inc., a Canadian Corporation involved in the marketing and distribution of premium natural spring water. Under the terms of the LOI, Coastal Holdings will acquire all of the outstanding common stock of Aqua Gold International pursuant to a share exchange agreement. Following the signing of this agreement, Coastal Holdings' attorneys will file for a name change to Aqua Gold International, Inc. with the Secretary of State of the State of Nevada and will be assigned a new trading symbol from the NASDAQ Market Integrity Department. In addition, a new Board of Directors will be named by the Corporation.
CEO Andrea Cortellazzi stated: "After reviewing all of our strategic options, a reverse merger with Aqua Gold was deemed to be the most effective way to enhance shareholder value. Aqua Gold is an established company with assets and tremendous revenue potential in the multi-billion dollar bottled water industry. We see this as a great opportunity for Coastal Holdings' shareholders."
About Aqua Gold International, Inc.
Aqua Gold International, Inc. ("Aqua Gold") is a Canadian Corporation involved in the marketing and distribution of premium natural spring water. Aqua Gold's proprietary brand of natural spring water called "AQUA GOLD" is produced in Canada and bottled on a Native Reserve, the Mohawk Nation Territory of Akwesasne. The Company's mission to establish a prominent position in the worldwide bottled water market and, in particular, become one of the best-selling brands of bottled water in the Asia-Pacific region.
Aqua Gold's manufacturer has been recognized by Wal-Mart, the Canadian Bottled Water Association (CBWA), the International Bottled Water Association (IBWA), and the National Sanitation Foundation as a superior quality producer. Aqua Gold's standards of excellence far surpass our competition. We recognize that the consumer is looking for safe, good tasting water and we strive to deliver exactly that. Aqua Gold is committed to producing the best quality, purest tasting natural spring water available on the market. We select our spring water sources according to internal standards. These standards are far more stringent than the US Food and Drug Administration (FDA's), the CBWA's and IBWA's.
For more information on Aqua Gold International, Inc. please contact CEO and Chairman Manuel Da Silva at (514) 886-9079 or visit the Corporate website at www.aquagoldinternational.com.
For more information on Coastal Holdings, Inc. please contact CEO Andrea Cortellazzi at (514) 288-9699.