NEWS --
ATLANTA, GA, Jun 25, 2009 (MARKETWIRE via COMTEX) -- Coastal Capital
Acquisition Corp. (PINKSHEETS: CCAJ) announced today that the company has signed
and executed a merger and consulting agreement with Colorado-based Housing and
Security Software Developer, Helix DC, www.helixdc.com.
Coastal Capital Acquisition Corp's President and CEO Tracy Anderson said: "This
merger marks the beginning of the company's long line of M&A activity going
forward. We have been in talks with Helix DC and our board is in high spirits to
announce this merger as the first of many mergers to come. Helix DC owns,
markets, and sells a much needed group of niche education related software
products that are and can be utilized in various industries. With this merger
our corporate agenda should be clear to shareholders and potential shareholders.
Coastal Capital Acquisition Corporation will expose our shareholder base to
value created by mergers and acquisitions with private companies looking to, at
some point in the near term become fully reporting stand alone publicly traded
co mpanies."
Jason Wilcox, President and CEO of Helix DC, stated: "We are looking forward to
growing our company and business in the public arena. It has been a goal of
Helix to gain access to the public market, further develop our core demographic
and have our software unlock potential savings and security for our customer
base while establishing a continuously growing environment for our
shareholders."
Coastal Capital Acquisition Corp's President and CEO Tracy Anderson also said:
"As part of this merger I have instructed our Corporate Attorney to create a
Georgia Corporation as a wholly owned subsidiary of Coastal Capital Acquisition
Corporation, the name being Helix Acquisition Inc. The terms of the merger call
for Helix DC to merge with our newly formed subsidiary Helix Acquisition Inc.
Helix DC then becomes the surviving wholly owned entity as a Colorado
Corporation."
Coastal Capital Acquisition Corp. is a development s tage company, which operates
as a consulting company. We acquire controlling and or minimal interests in
development and startup stage businesses. We then assist those businesses and or
target companies in the development and implementation of their specific
business models. We also provide solutions to operating companies looking to
build corporate infrastructure, such as management teams, qualified sales and
marketing departments, information technology, and or finance business
development.
Our goal is to build long-lasting strategic relationships with our target
businesses and companies to assist them in evaluating, structuring, and
negotiating joint ventures, strategic alliances, joint marketing agreements and
other corporate transactions, by providing advice relating to corporate finance,
financial reporting, and accounting operations.
Forward-Looking Statements:
This report contains forward-looking statements, inclu ding the use of the words
"expect," "anticipate," "estimate," "project," "forecast," "outlook," "target,"
"objective," "plan," "goal," "pursue," "on track," and similar expressions.
These forward-looking statements involve risks and uncertainties. Factors that
could cause actual results to differ materially from those predicted in any such
forward-looking statements include our ability to continue to lower our costs,
our timely development and customers' acceptance of our products, including
acceptance by key customers, pricing pressures, rapid technological changes in
the industry, increased competition, our ability to attract and retain qualified
personnel, our ability to identify and successfully consummate future
acquisitions; adverse changes in customer order patterns, adverse changes in
general economic conditions in the U.S and internationally, risks associated
with foreign operations and political and economic uncertainties associa ted with
current world events.
Contact:
Investor Relations
Richard Kravets
215.490.4521
coastalcapital@gmx.com
SOURCE: Coastal Capital Acquisition Corp.
CONTACT: mailto:coastalcapital@gmx.com
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SUBJECT CODE: Retail:E-Commerce
Computers and Software:Internet
