Coastal Capital Acquisition Corporation Executes on Its Merger and Acquisition Strategy With the Merger of Housing and Security
June 25 2009 - 9:00AM
Marketwired
Coastal Capital Acquisition Corp. (PINKSHEETS: CCAJ) announced
today that the company has signed and executed a merger and
consulting agreement with Colorado-based Housing and Security
Software Developer, Helix DC, www.helixdc.com.
Coastal Capital Acquisition Corp's President and CEO Tracy
Anderson said: "This merger marks the beginning of the company's
long line of M&A activity going forward. We have been in talks
with Helix DC and our board is in high spirits to announce this
merger as the first of many mergers to come. Helix DC owns,
markets, and sells a much needed group of niche education related
software products that are and can be utilized in various
industries. With this merger our corporate agenda should be clear
to shareholders and potential shareholders. Coastal Capital
Acquisition Corporation will expose our shareholder base to value
created by mergers and acquisitions with private companies looking
to, at some point in the near term become fully reporting stand
alone publicly traded companies."
Jason Wilcox, President and CEO of Helix DC, stated: "We are
looking forward to growing our company and business in the public
arena. It has been a goal of Helix to gain access to the public
market, further develop our core demographic and have our software
unlock potential savings and security for our customer base while
establishing a continuously growing environment for our
shareholders."
Coastal Capital Acquisition Corp's President and CEO Tracy
Anderson also said: "As part of this merger I have instructed our
Corporate Attorney to create a Georgia Corporation as a wholly
owned subsidiary of Coastal Capital Acquisition Corporation, the
name being Helix Acquisition Inc. The terms of the merger call for
Helix DC to merge with our newly formed subsidiary Helix
Acquisition Inc. Helix DC then becomes the surviving wholly owned
entity as a Colorado 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.
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: Investor Relations Richard Kravets 215.490.4521
coastalcapital@gmx.com
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