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Wednesday, 03/09/2005 10:37:24 AM

Wednesday, March 09, 2005 10:37:24 AM

Post# of 839
New news this morning.

Empyrean Holdings Inc. Updates on Progress of Acquisition of Tradewinds International Corp. and Other Matters
HOUSTON

Empyrean Holdings Inc., Houston
Robert L. Lee, 713-260-7236

Empyrean Holdings Inc. (OTCBB:EPYH) is pleased to announce that the acquisition of Tradewinds International Corp., (Tradewinds) is on track for completion very soon. Due diligence has been completed and the terms for the acquisition agreed between the corporation and the owners of Tradewinds.

The condominium on Stock Island, Key West, Fla. purchased by Tradewinds for $775,000 last week is being upgraded and income from rental is expected to commence in April 2005. The evaluation of other properties for purchase continues in Key West and its surrounding areas as well as in Orlando.


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