Coastal Capital Acquisition Corp. Subsidiary Acquires Additional Equipment to Meet Sales Projections
NAPLES, Fla., Sept. 27, 2012 /PRNewswire/ — Earth Surfaces of America, Inc. of Naples Florida, a wholly owned subsidiary of Coastal Capital Acquisition Corp. (OTC Pink: CCAJ) announced that it has acquired a Breton 8-head sanding/polishing machine with 2 calibrating heads. Breton S.p.A., an Italian company is an industry leader in stone and cement manufacturing machinery.
“Based on our sales projections, we find it necessary to purchase an additional sanding/ polishing machine to keep up with a strong demand for our products. The additional machine will allow us to significantly increase our throughput and improve our productivity,” said CCAJ and Earth Surfaces CEO Tony DiNorcia. “The very positive acceptance of our products at the recent HD Boutique 2012 trade show at the Miami Beach Convention Center supports our projections for a significant increase in our sales volume during the next 12 to 18 months, assuming we are successful in securing additional capitalization to fund our expansion.”
Earth Surfaces of America, Inc. manufactures a full range of high-end eco-friendly terrazzo concrete architectural products for commercial and residential markets throughout the United States and the Caribbean.
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 OTC Markets (http://www.otcmarkets.com). 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.
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Dan Governile, Chief Financial Officer
Coastal Capital Acquisition Corp & Earth Surfaces of America
SOURCE Coastal Capital Acquisition Corp.