This is a company that I had reservations about almost 8 months ago and stopped tracking it. I still think that it is a bad play and just want others to be on the look out for it. It's old thread is under CSJJ.PK if you want to review it.
Apr 26, 2007 8:30:20 AM
Company Appoints Mr. Gerald Enloe as Chairman, Dr. Paul A. Taillefer as Chief Operating Officer and Director, and Mr. Daniel Sauve as Chief Financial Officer and Director
Coastal Holdings, Inc. (PINKSHEETS: COHG) today announced the appointment of 3 new board members.
Mr. Gerald Enloe as Chairman is based in Houston, Texas, and has served as a Director and Chairman of the board of Element 21 Golf Corp. He also served as President and CEO of Houston Industrial Materials Inc. since 1991. Throughout multiple years of service in an executive capacity at several public companies, Mr. Enloe has obtained an extensive knowledge in several aspects of managing public companies and led them to tremendous success including; E21's "Eagle One Mission," which turned to be a legendary and highly successful golf promotion.
Mr. Paul A. Taillefer, B.A., M.D., C.S.P.Q. (opht), F.R.S.C. (C) as Chief Operating Officer. During his 40 years' career as Doctor Ophthalmologist, Mr. Taillefer served as director on Boards of various corporations, including: Kazuko LTD, LJT Inc. (building management), Avitec International, and TRILLIUM WATER S.A. In addition, he his involved in management of numerous humanitarian operations; is the co-administrator of a Humanitarian Fund, which distributes $600,000,000 in Africa; and he is the founding president of AVITEC, a Company that assists the Civil Authorities of the implied countries to guarantee and maintain the airworthiness of the aircrafts operating in its territory.
Mr. Daniel Sauve, Chief Financial Officer, has been involved in the water bottling and distribution industry for more then 15 years. His 5 years of experience in managing water plants encompassed all facets of the operation including international sales, management and marketing.
The new management team will now implement series of Corporate measures starting with relocation of Company headquarters to: 830 Ford Boulevard, Suite 404-A, Chateauguay, Quebec, J6J-4Z2.
The Board will also be proceeding with Company name change to Aqua Gold International Inc, and will initiate a request for CUSIP and symbol change.
New Management would like to take this opportunity to thank Coastal Holdings' previous management for providing Aqua Gold with the opportunity to become publicly trading and wishes them success in their future Endeavour's.
About Aqua Gold International, Inc.
"A woman drove me to drink, and I didn't even have the decency to thank her." -- WC Fields
Coastal Holdings, Inc. (PINKSHEETS: COHG) today announced that Aqua Gold International, Inc. has signed a one-year distribution contract for the delivery of 15 million cases of its premium bottled water in Beijing, China. This represents Aqua Gold's largest order to date and constitutes only one part of the complete open and ongoing transaction. http://www.aquagoldinternational.com/asiancontract.html
The 15 million cases will be sold for a total value of $108.75 million CND. The Company anticipates realizing a net profit of approximately $25 million over the next 12 months.
Management stated: "We are overwhelmed by the scope of this order and we are immediately evaluating all measures to be taken to increase our production capabilities including: triple work shifts, sub-contracting and potential acquisitions. Furthermore, one 16-wheeler van container holds 2,000 cases (24 Bottles), which will require 7,500 containers to fulfill the order."
This unique opportunity, as we continue to negotiate orders for 2 other Chinese Provinces, is a result of our diligent efforts to establish a strong position in the Asian bottled water market; in particular 'capitalizing' on the lack of clean, potable water in China. Sales have increased, and will continue to increase to meet consumer demand. It is projected that China will be one if not the world's fastest growing markets over the next five years.
Finally, Coastal Holdings' and Aqua Gold's management are pleased to announce that the considerations and power subrogation with respect to their financial merger agreement will be finalized within the next 10 days. The Company will keep its current and new shareholders informed on a timely basis of any further significant developments in the merger process.
"A woman drove me to drink, and I didn't even have the decency to thank her." -- WC Fields
Coastal Holdings, Inc. (PINKSHEETS: COHG) today announced that Aqua Gold International, Inc. has completed a two-year distribution contract via the delivery of 5 million cases of its premium bottled water in the Asia-Pacific region. http://www.aquagoldinternational.com/asiancontract.html
For the past two years Aqua Gold has developed a solid and trustworthy relationship with its Chinese distributor, which has a well-established distribution network and is very familiar with the bottled water industry in China.
The Company has spent the last four days negotiating a second distribution agreement with its Asian-based partners and anticipates closing the contract this week. The contract involves the distribution of a significant number of cases over the next five years that will capitalize on the huge demand in the Asia-Pacific bottled water market. Management will inform its shareholders of the agreement's terms and conditions as soon as the final documents are completed.
As stated in the Market Overview provided by The Ministry of Agriculture and Agri-Food Canada, the lack of clean, potable water in China has created a desperate need to generate alternative water sources. The Overview also states: "Approximately two-thirds of Chinese cities face water supply shortages. Sixty percent of the rivers flowing through urban areas are polluted. These realities have created an enormous and growing demand for bottled water. Sales have increased, and will continue to increase to meet consumer demand. It is projected that China will be one if not the world's fastest growing markets over the next five years."
In addition, the 2008 Olympics in Beijing will create an even greater demand for bottled water. In Beijing Review, China's National English Weekly, the city has received negative publicity for its shortage of water resources and chronically water-short Beijing is said to seek out elaborate plans to accommodate an extra 2.5 million temporary residents and to guarantee their water supply.
"A woman drove me to drink, and I didn't even have the decency to thank her." -- WC Fields
Coastal Holdings, Inc. announces reverse merger with Aqua Gold International Inc., is now completed.
PR Newswire via COMTEX
Apr 4, 2007 10:24:00 AM
HOUSTON, TX, April 4, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
Coastal Holdings, Inc. (PINKSHEETS: COHG) is proud to announce that the reverse merger process with Aqua Gold International, Inc. is now completed. Both parties are extremely satisfied with the conditions of the definitive reverse merger agreement. Aqua Gold International will now have officially acquired (within the next 30 working days) all of the outstanding common stocks of Coastal Holdings as agreed in the previously announced LOI.
As stated in the January 5th Press Release, and after reviewing all of its strategic options, Coastal Holdings determined that a reverse merger with Aqua Gold International is the most effective way to enhance shareholder value. This decision was based on Aqua Gold's existing high quality asset and expandable revenue base, experienced management team and high-growth profile we have been able to appreciate through due diligence process.
Aqua Gold's natural spring water is already enjoyed by millions of consumers in United States and Canada under a private label. The bottled water is distributed in superstores such as: Wal-Mart, grocery stores, convenience stores and gas stations.
Aqua Gold is a Canadian Corporation involved in the marketing and distribution of premium natural spring water. "AQUA GOLD" brand manufacturer is recognized by: Wal-Mart, The Canadian Bottled Water Association (CBWA), The International Bottled Water Association (IBWA), and The National Sanitation Foundation as a superior quality producer. Aqua Gold's standards of excellence far surpass our competition. We recognize that the consumer is looking for safe, good tasting water and we strive to deliver exactly that. Aqua Gold is committed to producing the best quality, purest tasting natural spring water available on the market. We select our spring water sources according to very high internal standards. These standards are far more stringent than the US Food and Drug Administration (FDA's), the CBWA's and IBWA's
"A woman drove me to drink, and I didn't even have the decency to thank her." -- WC Fields
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