INDIANAPOLIS, July 24 /PRNewswire/ -- Timothy S. Durham announced today that Moorehead Communications and its affiliates Steve Moorehead, Scott Moorehead, Kevin Wendall and Highland Realty have indicated that they will support Mr. Durham's nominees for election to the board of directors of CLST Holdings, Inc., formerly known as CellStar Corporation, (the "Company") (OTC:CLHI) at its upcoming annual meeting. Collectively, Moorehead Communications and its affiliates hold in excess of 751,000 shares of the Company's shares, all of which will be voted for Timothy S. Durham, Manoj Rejegowda and Robert Kaiser. Mr. Durham and the Company have proposed competing slates of nominees. Whoever is elected at the annual meeting of stockholders on July 31, 2007 will oversee the liquidation and dissolution of the Company's assets and business. Scott Moorehead told Mr. Durham that he believes the Durham nominees will do a better job of reducing the Company's operating expenses and increasing liquidating dividends to the Company's stockholders than the slate proposed by the Company. Among other things, Mr. Moorehead noted to Mr. Durham that the Company's nominees have little experience with the Company's operations, while Durham's nominee Robert Kaiser is the Company's former Chief Executive Officer. 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/ DATASOURCE: Timothy S. Durham CONTACT: Timothy Durham, +1-317-237-4055,

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