Coastal Capital Acquisition Corporation Announces Management and Board of Director Changes
June 15 2009 - 4:00PM
Marketwired
Coastal Capital Acquisition Corp. (PINKSHEETS: CCAJ) has announced
that its board of directors has appointed Tracy Anderson to the
board of directors as President and CEO of Coastal Capital
Acquisition Corporation. Below find Mr. Anderson's biography. Mr.
Anderson then accepted the resignations of Mr. Francis Manzo, Mr.
Paul Joseph, and Mr. Wayne Pederson at which time Mr. Anderson then
appointed Mr. Greg Pasco as director, leaving one seat open for a
later appointment. Mr. Pasco's bio is also below.
Mr. Anderson, Coastal Capital Acquisition Corp.'s President and
CEO, commented on the corporate action taken: "I would like to take
this time to say I appreciate the time, work and effort that Mr.
Manzo, Mr. Joseph, and Mr. Pederson have put into Coastal Capital
Acquisition Corporation, and I look forward to finishing what they
have started. With that said I would like to report that the
company and or its subsidiary Coastal Capital Consulting are in
ongoing negotiations with several merger candidates and have
discontinued negotiations with others. I expect to be able to
announce our first closed merger within the next ten days and
certain other projects shortly thereafter."
About Coastal Capital Acquisition Corporation
Coastal Capital Acquisition Corp. is a development stage
company, which operates as a consulting company. We acquire
controlling and or minimal interests in development and startup
stage businesses. We then assist those businesses and or target
companies in the development and implementation of their specific
business models. We also provide solutions to operating companies
looking to build corporate infrastructure, such as management
teams, qualified sales and marketing departments, information
technology, and or finance business development.
Our goal is to build long lasting strategic relationships with
our target businesses and companies to assist them in evaluating,
structuring, and negotiating joint ventures, strategic alliances,
joint marketing agreements and other corporate transactions, by
providing advice relating to corporate finance, financial
reporting, and accounting operations.
Mr. Tracy Anderson has established an impressive career niche in
the medical market by integrating his expertise as a skilled
surgical technician with his corporate experience. A 1981 graduate
of the University of Georgia, Mr. Anderson began working in the
medical industry as a Cardiopulmonary Systems Specialist with
Baxter Healthcare. After Baxter, he helped develop two intraocular
lens distributorships, loptex Inc. and Chiron, from the ground up.
In 2002, Mr. Anderson founded Atlanta based T2MED, Inc., one of the
Southeast's most innovative private companies in the growing spinal
device market. Throughout his career, Mr. Anderson has partnered
with some of the medical industry's top experts in the areas of
cardiovascular surgery, ophthalmic surgery and neurosurgery. He is
a member of several professional organizations and advisory boards
including the Advisory Committee for Surgical Technology at
Gwinnett Tech in Lawrenceville, Georgia.
Mr. Greg Pasco has held various management positions in the IT
sector for over 25 years, most recently Area Vice President for
Emprisa Networks, who were recently purchased by BMC Software. Mr.
Pasco was responsible for all Sales and Professional Services for
the western United States as well as personally landing many
flagship accounts including: State of California, Intel
Corporation, Time Warner, CompuCom, The Houston School District,
Verizon and VISA to name a few. Prior to that, he was the Western
Region Director for ION Networks amassing some notable new clients
in SBC, Qwest, MCI and American Express. A 1980 graduate of the
University of Maryland Mr. Pasco makes his home in Parker,
Colorado.
Forward-Looking Statements:
This report contains forward-looking statements, including the
use of the words "expect," "anticipate," "estimate," "project,"
"forecast," "outlook," "target," "objective," "plan," "goal,"
"pursue," "on track," and similar expressions. These
forward-looking statements involve risks and uncertainties. Factors
that could cause actual results to differ materially from those
predicted in any such forward-looking statements include our
ability to continue to lower our costs, our timely development and
customers' acceptance of our products, including acceptance by key
customers, pricing pressures, rapid technological changes in the
industry, increased competition, our ability to attract and retain
qualified personnel, our ability to identify and successfully
consummate future acquisitions; adverse changes in customer order
patterns, adverse changes in general economic conditions in the U.S
and internationally, risks associated with foreign operations and
political and economic uncertainties associated with current world
events.
Contact: Richard Kravets 215) 490-4521
Coastal Capital Acquisit... (PK) (USOTC:CCAJ)
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