American Asset Development, Inc. (fka AADI)

[otterman]

Empyrean Holdings Inc. Reports on the Real Estate Activities of Soon-to-Be-Acquired Tradewinds International Corp.

HOUSTON, Mar 15, 2005 (BUSINESS WIRE) -- Empyrean Holdings Inc. (OTCBB:EPYH) is pleased to announce that the details of the resort condominium purchased by Tradewinds International Corp., is now available on the corporation's Web site: www.epyh.com. The location is at a private retreat called Coral Hammock which is the newest gated community in Key West, Fla. For general information on the Coral Hummock retreat, the Web site is www.coralhammock.com.
Another promising property in Key West, Fla., that will make an excellent investment vis-a-vis redevelopment strategies, is also being evaluated by Tradewinds.

At the juncture, it is relevant to reiterate that the terms for the acquisition of Tradewinds through a stock swap have been finalized between the two parties. Agreements for the consummation of this acquisition, that will make Tradewinds a wholly-owned subsidiary of the corporation, is under preparation for signing as soon as possible.