Coastal Capital Acquisition Corp. Begins Disclosure Process
11 July 2012 - 11:41PM
Marketwired
Coastal Capital Acquisition Corp. (PINKSHEETS: CCAJ) (the
"Company"), announced today that it has begun the process to
implement more transparent business and financial disclosures of
the Company through OTC Markets.
The Company will apply and pay the appropriate fees to the OTC
Markets Disclosure and News Service today to begin the process and
ultimately improve the Company's "Tier" position. "The Company has
been updating its internal accounting systems through the efforts
of our new Chief Financial Officer, Daniel F. Governile," stated
Tony DiNorcia, President of the Company. "Due to Dan's efforts we
are now in a position to submit our financials and business
disclosure documents to OTC Markets through their OTC Markets
Disclosure and News Service."
"The documents necessary to bring the Company current with the
OTC Markets Tier system are ready for submittal and will be
available on the Company web site (www.earthsurfaces.net) under the
investor section over the next few days," added Mr. Governile. "Our
goal is to be current in our reporting responsibilities with the
OTC Markets and therefore provide the information necessary for
current and future shareholders to make informed decisions about
their investment in CCAJ."
Finally, Mr. Governile added, "We have included in our
financials, all activity since December 31, 2004 in an effort to
bring all investors up to date with the history of the Company
since its last 10K filed in 2005 for the Company's December 31,
2004 year end. That information includes balance sheets, income
statements, statements of cash flows and changes in equity
positions."
"We have now organized ourselves to respond to investor
inquiries and have developed the systems to more effectively
disclose the Company's financial and business activities," Mr.
DiNorcia concluded, "We encourage all investors to visit our
facilities if you are in the beautiful Naples, Florida area, we are
quite proud of our to-date accomplishments and look forward to
sharing our successes with our shareholders."
Forward-Looking Statements
This press release and the statements of representatives of
Coastal Capital Acquisition Corp. (the "Company") related thereto
contain, or may contain, among other things, "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements, other than statements of
historical fact included herein are "forward-looking statements,"
including any other statements of non-historical information. These
forward-looking statements are subject to significant known and
unknown risks and uncertainties and are often identified by the use
of forward-looking terminology such as "projects," "may," "could"
"would," "should," "believes," "expects," "anticipates,"
"estimates," "intends," "plans," "ultimately" or similar
expressions. All forward-looking statements involve material
assumptions, risks and uncertainties, and the expectations
contained in such statements may prove to be incorrect. Investors
should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including factors and risks discussed in the
periodic reports that the Company files with the Securities and
Exchange Commission (http://www.sec.gov). All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these factors.
The Company undertakes no duty to update these forward-looking
statements except as required by law.
Follow Earth Surfaces of America at www.earthsurfaces.net
Contact: Daniel F. Governile Chief Financial Officer
(239)-435-7875 dan@earthsurfaces.net Coastal Capital Acquisition
Corp & Earth Surfaces of America
Coastal Capital Acquisit... (PK) (USOTC:CCAJ)
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