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Sebastian River Updates Shareholders on Dinar Investment
5 minutes ago - PR Newswire

Sebastian River Holdings Inc. (Pink Sheets: SBRV), updates developments in their Iraq Dinar investment.

Last week the Iraqi parliament took an important step to open the way for low-ranking members of Saddam's Baath party to reclaim government posts and pensions. The law is seen as a major step in Iraq's national reconciliation. The seismic piece of legislation had been demanded by the United States since November 2006 and represented the first legislative payoff for Bush's decision to deploy 30,000 additional troops to the country to quell violence.

"The passage of this law is another piece of the puzzle," stated Daniel Duffy, president of Sebastian River Holdings Inc. "We expect that this is the beginning of the final stage in the path of Iraq revaluing the Dinar."

The Company believes in the near future there will be a revalue of the Iraq Currency. It is the Company's opinion after doing its due diligence and public statements from Iraq's government officials, that the revalue could come in at between .82 and 1.00 per US Dollar. This would give Sebastian River Holdings a profit of between $192,000,000 and $235,000,000.

US Secretary of State Condoleezza Rice, in Iraq yesterday stated, "It is clearly a step forward for national reconciliation -- a step forward for healing the wounds of the past -- and it will have to be followed up by implementation that is in the same spirit of national reconciliation, I hope we will focus on what needs to be done, but also on how much has been done."

Forward-Looking Statement

This Press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. The forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

URL: http://www.sbrvinfo.com/

SOURCE Sebastian River Holdings Inc.

http://www.sbrvinfo.com