Coastal Capital Acquisition Corp. Acquires 100% of Earth Surfaces of America, Inc.
May 07 2012 - 12:06PM
Marketwired
Coastal Capital Acquisition Corp. (PINKSHEETS: CCAJ) announced
today that it has acquired 100% of Earth Surfaces of America, Inc.
of Naples, Florida. The acquisition was a stock for stock exchange.
Details of the transaction will be more further described in future
financial and corporate filings with the OTC Markets organization.
As part of the acquisition, Mr. Anthony DiNorcia is now Chairman
and Chief Executive Officer of CCAJ. "We are excited about the
opportunities that are being presented to Earth Surfaces now that
we are part of a public company," stated Mr. DiNorcia. "Earth
Surfaces' manufactured products are becoming recognized for the
quality and attractiveness of the product line with developers,
designers and home owners." Mr. DiNorcia further stated, "We have
developed an extensive client base both in South Florida and
through-out the west coast of Florida, we are now looking to expand
our product exposure through-out the Southeast."
Earth Surfaces of America produces Eco-friendly concrete
terrazzo products with unmatched precision in a state of the art
pre-cast factory. Additionally, the Company manufactures pre-cast
pavers in unique styles and sizes at the Naples, Florida
facility.
Anthony "Tony" DiNorcia comes from an Italian family of stone
fabricators. Tony's family background is working with natural stone
in Italy and Tony has spent his life fabricating natural and
fabricated stone countertops, floors, and mosaics.
Tony had an idea to create an Eco-friendly product using local
materials rather than shipping stone in from around the world. The
product line is manufactured from recycled concrete waste and
glass.
"I am very excited about the Earth Surfaces opportunity for
Coastal shareholders," stated Jeff Berkowitz, former director and
President of CCAJ. He went on to further state, "Although I am no
longer a significant shareholder, as part of this acquisition, I
believe this transaction will give our loyal shareholders, who have
waited for an opportunity for a long time, a real investment."
Forward Looking Statements
This press release and the statements of representatives of
Sunridge International, Inc. (the "Company") related thereto
contain, or may contain, among other things, "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements, other than statements of
historical fact included herein are "forward-looking statements,"
including any other statements of non-historical information. These
forward-looking statements are subject to significant known and
unknown risks and uncertainties and are often identified by the use
of forward-looking terminology such as "projects," "may," "could,"
"would," "should," "believes," "expects," "anticipates,"
"estimates," "intends," "plans," "ultimately" or similar
expressions. All forward-looking statements involve material
assumptions, risks and uncertainties, and the expectations
contained in such statements may prove to be incorrect. Investors
should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including factors and risks discussed in the
periodic reports that the Company files with the Securities and
Exchange Commission (http://www.sec.gov). All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these factors.
The Company undertakes no duty to update these forward-looking
statements except as required by law.
CONTACT: Tony DiNorcia Chief Executive Officer Coastal Capital
Acquisition Corp. T: + (239)-435-7875 e-mail:
tony@earthsurfaces.net
Coastal Capital Acquisit... (PK) (USOTC:CCAJ)
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