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Liberty Diversified Holdings, Inc. Clarifies Plans for
Acquisition of Assets of Two Water Companies and Announces Intent to Refocus Its Corporate Direction Exclusively on Premium Bottled Water Industry

9:50a ET November 19, 2007 (PR NewsWire)
Liberty Diversified Holdings, Inc. (Pink Sheets: LDHG) has issued a statement of clarification regarding a recent press release in which it announced its intention to enter the premium bottled water business. Ronald C. Touchard, Liberty's Chairman and CEO, stated the following, "Over the past few days we have received a large number of inquiries regarding last week's press release in which we announced that we have signed a Letter of Intent to acquire of the assets of two premium water companies. The comments we have received from both our existing stockholders and from the market at large have been overwhelmingly enthusiastic, and also indicated that further clarification was needed to explain the purpose and strategy behind these actions."

"We want to make it clear that upon completion of these acquisitions, Liberty intends to devote 100% of its efforts toward becoming a major player in the premium bottled water industry, with an initial focus on a full line of nutrient-enhanced water products including those enhanced to provided vitamin support for general health, a diet formulation for weight watchers, an immune booster, and an energy and fitness drink. This line of bottled water beverages stands apart from all others in that they are the only nutritional water formulations that contain no calories, no carbohydrates, no colors and most importantly, no flavors other than pure water. Furthermore, these beverages are created using a superior patented process, these products have already been successfully beta tested, and judging by Coca-Cola's recent $4.2 billion buyout of VitaminWater, today's market appears to be quite thirsty for pure and organic healthy water products."

"We also want to make clear that upon completion of the final agreements there will be a change of control of the company as well as a change in the company's corporate structure. A new Board of Directors will be formed and the Executive Team currently running the target companies whose assets we will purchase will assume those same positions at Liberty. These executives are seasoned veterans in every aspect of the water business and have developed water companies around the globe, including Hawaii, Micronesia, Indonesia, the Philippines, Israel, Egypt, Germany, and several companies in the U.S., and we are very confident that they can provide the leadership and direction needed to help our company become the next huge success in this industry. Our current officers and Board Members will also remain with the company in a limited capacity, to assure a smooth transition and provide a modicum of continuity into the foreseeable future. We expect to finalize these acquisition within the next few days and additional details will be made available at that time. Needless to say, we are very excited about our new direction and anticipate a fast transition and a speedy entry into this dynamic new market."

About Liberty Diversified Holdings, Inc.

Liberty Diversified Holdings, Inc. is focused on aggressive growth and diversification through acquisitions, mergers and joint ventures. For more information visit http://www.libertydiversifiedholdings.com or call [phone].

Caution Regarding Forward-Looking Statements: This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results which are not yet available. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, the integration of acquisitions, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.