Coastal Capital Names New Director
08 March 2011 - 1:36AM
Marketwired
Coastal Capital Acquisition Corp. (PINKSHEETS: CCAJ) has named
Richard Kravets as a director of the company. Mr. Kravets comes
from a legal as well as financial background and currently serves
as a trusted and respected Investor Relations Representative. His
appointment to the board by Tracy Anderson comes after Coastal
reversed a previously closed transaction regarding the acquisition
of Planet Impact, Inc. The transaction was reversed in December
2010 and the preferred shares issued to the owners of Planet
Impact, Inc., were returned to the company.
"The appointment of Mr. Kravets to the board made perfect sense
to me given his prior and continued commitment to the company and
its shareholders," stated Mr. Anderson. Mr. Kravets will continue
to handle investor/shareholder relations for the company. Mr.
Kravets said, "I am happy to take the position of Secretary and
look forward to playing a part in creating value for our
shareholders."
Mr. Anderson added, "We are looking at certain other strategies
and transactions, some of which are organic in nature and others
that would require a change in control. With that said Mr. Kravets
addition to the board of directors fills a requirement in our
corporate bylaws of at least two sitting directors in lieu of any
corporate vote or actions."
Forward-Looking Statements:
This report may contain forward-looking statements, including
the use of the words "expect," "anticipate," "estimate," "project,"
"forecast," "outlook," "target," "objective," "plan," "goal,"
"pursue," "on track," and similar expressions. These
forward-looking statements involve risks and uncertainties. Factors
that could cause actual results to differ materially from those
predicted in any such forward-looking statements include our
ability to continue to lower our costs, our timely development and
customers' acceptance of our products, including acceptance by key
customers, pricing pressures, rapid technological changes in the
industry, increased competition, our ability to attract and retain
qualified personnel, our ability to identify and successfully
consummate future acquisitions, adverse changes in customer order
patterns, adverse changes in general economic conditions in the U.S
and internationally, risks associated with foreign operations and
political and economic uncertainties associated with current world
events.
Contact: Investor Relations Richard Kravets (215) 485-8239
Coastal Capital Acquisit... (PK) (USOTC:CCAJ)
Historical Stock Chart
From May 2024 to Jun 2024
Coastal Capital Acquisit... (PK) (USOTC:CCAJ)
Historical Stock Chart
From Jun 2023 to Jun 2024