Coastal Capital Acquisition Corp (CCAJ)

[prsch3259]

CEO Tracy Anderson said, "I would like to take this time to address some shareholder concerns, update you, the shareholder in Coastal Capital, and potential investors viewing this press release for the first time. I think the first concern for many shareholders, new and old, in any micro-cap stock is the fear of a reverse stock split. I'd like to put that fear to rest here and now. We will not be executing or conducting a reverse stock split in 2009 or 2010. I feel that a reverse stock split hurts shareholders and the company.