OMAHA, Neb., April 27, 2007 (PRIME NEWSWIRE) -- Coastal Technologies, Inc. is reviewing acquisitions that are unrelated to its current business applications, however no definitive agreements have been reached and several significant hurdles exist in moving forward. The Company is unaware of any reason for the recent surge in its stock price and volume, and has not retained any person or entity for any form of promotion. Coastal will continue to pursue the opportunities it deems best for its shareholders and will make any appropriate announcements at the proper time.
Coastal Technologies is a leading, full service Information Technology (IT) consulting firm and custom software developer. Coastal Technologies leverages its staff to create cost effective IT solutions and provide true end-to-end total business infrastructure integration. The Company's comprehensive service offerings range from project related consulting to full IT outsourcing, and all 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.