INDIANAPOLIS, July 20 /PRNewswire/ -- Timothy S. Durham, a significant stockholder of CLST Holdings, Inc., formerly known as CellStar Corporation, (the "Company") (Pink Sheets: CLHI) made demand today upon the Company to inspect the Company's records relating to the Company's agreement to pay Dale Kesler $300.00 per hour for his services as Chairman of the Board. Mr. Durham made his demand for the purpose of determining whether or not payments to Mr. Kesler represent corporate waste. Mr. Durham and the Company have proposed competing slates of nominees for election at the Company's upcoming Annual Meeting of Stockholders. Mr. Durham believes that his nominees, Timothy S. Durham, Manoj Rajegowda and Robert A. Kaiser will be able, if elected, to reduce the Company's operating expenses to increase amounts that will be paid to stockholders as the Company is liquidated. Among other expenses Mr. Durham's nominees will review and reduce are amounts paid to Directors as fees. SECURITY HOLDERS ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO MR. DURHAM'S AND THE COMPANY'S SOLICITATION OF PROXIES FROM THE STOCKHOLDERS FOR USE AT THE UPCOMING ANNUAL MEETING OF STOCKHOLDERS BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN MR. DURHAM'S AND THE COMPANY'S PROXY SOLICITATIONS. DEFINITIVE PROXY STATEMENTS AND FORMS OF PROXY ARE AVAILABLE TO STOCKHOLDERS OF CLST HOLDINGS, INC. AT NO CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION'S WEBSITE AT http://www.sec.gov/ For Information, Contact: Timothy Durham, +1-317-237-4055, DATASOURCE: Timothy S. Durham CONTACT: Timothy Durham, +1-317-237-4055,

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