Empyrean Holdings Inc. Updates on Progress of Acquisition and Confirms New Web site Now Functioning
11:41 EST Thursday, February 24, 2005
HOUSTON (Business Wire) -- Empyrean Holdings Inc. (OTCBB:EPYH) announces that the due diligence being undertaken for Tradewinds International Corp. has progressed without problem. Agreements are being prepared and the finalization of this acquisition is expected soon.
Tradewinds continues to actively pursue real estate investments and has just signed an agreement to purchase a 2-room resort condominium with excellent location in Stock Island, Key West, Fla. for $775,000. Other properties are also being reviewed for purchase and more information will be provided as and when available.
To serve our shareholders and other interested parties more efficiently, the company's new Web site - www.epyh.com - is now functional and it is the intention to continue to provide improvements over the next few weeks.
He who smiles at lofty schemes, stems the tide of broken dreams.
R.Hodgson
