OMAHA, Neb., Oct. 10, 2006 (PRIMEZONE) -- Coastal Technologies, Inc. (Pink Sheets:CTTJ) (the "Company"), a public-traded company, today announced it has acquired R Technologies LTD an Ohio based Information Technology (IT) Consulting firm for stock. R Technologies provides IT services to the Healthcare, Financial, Retail, Manufacturing, Insurance and Educational Industries while Coastal provides outsourced IT services to the Healthcare industry. The addition of R Technologies will expand the Company's revenue and client base along with adding technical expertise in producing flexible and creative solutions.
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.
R Technologies LTD was formed in 2001 and provides IT Outsourcing, Project Management, Software Licenses Assessment, RFP/RFI Services, Network Services, System Programming Support, e-Business Solutions, Asset Management, Hardware Assessment, Legacy System Support, Database Support, Storage Solutions, Data Security, Interim Staffing and Disaster Recovery.
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.