DALLAS, April 7 /PRNewswire-FirstCall/ -- CLST Holdings, Inc. (Pink Sheets: CLHI) announced today that it has decided to postpone its Annual Meeting of Stockholders previously scheduled for May 22, 2009 ("Annual Meeting") unless it reaches an agreement before April 12, 2009 with Red Oak Partners, LLC and its affiliates (the "Red Oak Group"), resolving a number of disputes between the Company and the Red Oak Group relating to the meeting. Yesterday, the Company filed an amended complaint in its lawsuit against the Red Oak Group, pending in the United States District Court for the Northern District of Texas, seeking remedies that it hopes will allow it to proceed with a proper annual meeting, pursuant to proper notice, at a time when the Company's stockholders have sufficient time and information to make informed decisions. Because, among other reasons, the Company does not expect that litigation, which bears directly upon the Annual Meeting, to be resolved for some months, the Board has determined to delay the Annual Meeting until September 25, 2009, unless the Company and the Red Oak Group are able to resolve contested issues related to the Annual Meeting prior to April 12, 2009. "It is unfortunate that we must continue to expend time and money addressing the hostile actions of the Red Oak Group, especially as we are preparing our first quarter financial results due early next week," stated Robert A. Kaiser, President and CEO of CLST Holdings, Inc. "Unless we are able to reach an agreement with the Red Oak Group to address our concerns about their behavior and commit them to complying with our certificate of incorporation, and Delaware and Federal law, our annual stockholders meeting will be held on September 25, 2009." Forward-Looking Statements Certain information included herein may constitute "forward-looking" statements for purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. When used in this report, the words "anticipates," "estimates," "believes," "continues," "expects," "intends," "may," "might," "could," "should," "likely," and similar expressions are intended to be among the statements that identify forward-looking statements. Statements of various factors that could cause the actual results, performance or achievements of the Company to differ materially from the Company's expectations ("Cautionary Statements") are disclosed, including, without limitation, those discussed in the "Risk Factors" section in Item 1A of the Company's Form 10-K, those statements made in conjunction with the forward-looking statements and otherwise herein. All forward-looking statements attributable to the Company are expressly qualified in their entirety by the Cautionary Statements. We have no intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise. DATASOURCE: CLST Holdings, Inc. CONTACT: Robert A. Kaiser, President, Chief Executive Officer of CLST Holdings, Inc., +1-972-267-0500; or Hala Elsherbini, Senior Vice President and COO of Halliburton Investor Relations, +1-972-458-8000, for CLST Holdings, Inc.

Copyright