INDIANAPOLIS, July 25 /PRNewswire-FirstCall/ -- Timothy S. Durham announced today that a Dallas based investment manager has informed him that it has voted approximately 721,000 shares of the common stock of CLST Holdings, Inc., formerly known as CellStar Corporation, (the "Company") (OTC Pink Sheets: CLHI) held by investment funds that it manages for the slate of directors nominated by Mr. Durham for election at the Company's upcoming annual meeting of stockholders. Mr. Durham's slate consists of Timothy S. Durham, Manoj Rejegowda and Robert A. Kaiser. Mr. Durham is an Indianapolis investor committed to maximizing the return to CLHI's stockholders by completing the Company's liquidation plan efficiently and expeditiously. His slate of nominees are all investors or investment managers with significant investments in the Company. 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. Mr. Durham's nominees are committed to reducing the Company's operating expenses and increasing liquidating dividends to the Company's stockholders, and believe that they are more qualified to do so than the slate proposed by the Company. In particular, Mr. Durham believes that one of his nominees, Robert Kaiser, the Company's former Chief Executive Officer, is uniquely qualified to guide the Company through the process of winding up its operations and resolving any potential indemnity or escrow claims from buyers of the Company's businesses in a manner most favorable to the Company. Mr. Durham believes that the Company's nominees have little experience with the Company's former operations when compared to Mr. Kaiser. Stockholders who need assistance with voting their shares may call Morrow & Co. at +1-203-679-9400 and ask for Tom Skulski. DATASOURCE: Timothy S. Durham CONTACT: Timothy Durham, +1-317-237-4055,

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