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stockprofit2023

10/07/05 2:35 PM

#421338 RE: explorer186 #421335

On EPYH....don't forget this possibility.
Empyrean Holdings Inc. Pursues New Orleans Rebuild
Tuesday September 27, 9:49 am ET


HOUSTON--(BUSINESS WIRE)--Sept. 27, 2005--Empyrean Holdings Inc. (OTCBB:EPYH - News) announced today that plans have been developed and strategic partners identified to execute its business plan to acquire contracts in New Orleans and neighboring areas damaged by Hurricane Katrina. The company is currently negotiating these agreements and additional announcements will be forthcoming.
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One particular partner has a special priority status in regards to Federal contracts and expects to be able to capitalize on a significant amount of contracts for the company. Current rebuilding estimates range up to $62 billion.

Empyrean management is currently preparing to open an office in the New Orleans area for these partnerships and will begin to pursue contracts immediately. Coordination efforts are already underway to build a very efficient and effective infrastructure to pursue what seems to be an almost limitless amount of work available as a result of the disaster.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.



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Contact:
Empyrean Holdings Inc., Houston
Robert L. Lee, 713-260-7236
www.epyh.com



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Source: Empyrean Holdings Inc.