OMAHA, Neb., Aug. 16, 2006 (PRIMEZONE) -- Coastal Technologies, Inc. (Pink Sheets:CTTJ) (the "Company"), a publicly-traded company, today announced it entered into a Letter of Intent to merge with B Telecom Inc. (BTi), a Cleveland, OH based business continuity solutions provider. B Telecom provides business continuity services and Coastal provides outsourced IT services to the healthcare industry. The joining of the Company's healthcare client base with BTi's expertise at designing, building and operating N+1 category 5 facilities, will enable the merged companies to offer disaster recovery services to healthcare clients in a wider geographic area and at a more competitive price. BTi will contribute extensive resources including software, physical plant, long haul fiber connectivity and extensive experience in producing flexible and creative solutions. Coastal management anticipates the merger to be completed by September 1, 2006.
B Telecom, (www.bticom.com) is an operator of Data Center storage and management facilities, Business Continuity facilities, Collocation facilities, Private Networks, Long haul Fiber Connectivity, and Metro Area Networks, providing connectivity services that ensure that clients are able to run their businesses with maximum efficiency and reliability. BTi operates data centers in Youngstown and Parma, Ohio and currently has centers under construction in Leetonia, Ohio and Virginia. BTi has developed critical relationships with strategic partners enabling them to deliver unmatched services in the field of connectivity and lit products. It has strategic partnerships with fiber backbone providers (Transport), energy companies (Rights of Way), Cisco and Nortel (Equipment).
Coastal Technologies is a leading, full service Information Technology (IT) consulting firm and custom software developer. Coastal Technologies leverages its experienced staff to create cost effective IT solutions of uncompromising quality. We are committed to providing true end-to-end total business infrastructure and integration solutions. Our comprehensive service offerings range from project related consulting to full IT outsourcing, and all the critical needs in between.
Forward-Looking Statements: Investors are cautioned that certain statements contained in this document are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects" and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future Coastal Technologies actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.