Boreal Water Collection Inc. (fka BRWC)

[Rasica]

Coastal Holdings, Inc. Announces No Reverse Stock Split and Hiring Initiative
11/17/2005 11:15:41 AM

HOUSTON, TX, Nov 17, 2005 (MARKET WIRE via COMTEX) -- The Board of Directors of Coastal Holdings, Inc. (CSJJ), today announced that no reverse stock split is part of the Company's restructuring plan, as disclosed on November 15. This statement has been issued in response to concerns raised by several shareholders.

The Board also announced that, as part of the corporate restructuring, the Company will hire more personnel, including advisors, in order to effectively manage the new, high-growth projects that are in the restructuring plan. The Company is pleased to report that it has more than sufficient funds to finance this hiring initiative. For further information, shareholders may consult the financial statements issued in the Company's September 15 press release.

For more information please contact CEO Andrea Cortellazzi at [phone].