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Steadfast Holdings Group, Inc.: Steadfast Holdings Group, Inc. Subsidiary Lands $28.6 Million Building Contract


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Published in Business and Finance on Wednesday, July 22nd 2009 at 6:10 GMT, Last Modified on 2009-07-22 06:10:38 by Market Wire   Print publication without navigation


EAST HAVEN, CT--(Marketwire - July 22, 2009) - Steadfast Holdings Group, Inc. (PINKSHEETS: [ STDF ]) through its Banx and Green Group, Inc. subsidiary has completed a contract to build a minimum of 11Emergi-Care centers with in house diagnostic equipment for health care providers on the West Coast. The emergence of a shift in medical care for the uninsured away from emergency room medicine fuels a need for these centers. These units are expected to be the beginning of much larger program for this concept. We intend to be a major participant in the expansion of these centers.

We will operate as the general contractor to the Project Manager for all of these sites. Each structure will provide the Company revenue of approximately $2.6 million each giving us a minimum of $28.6 million in total. The provider wants these structures completed and operational within 18 months and is discussing the possibility of at least two more in this time frame.

The structures will contain our SIP panel system for the walls and roof and a new line of interior sound proof panel with additional panels for the shielded areas that contain radiation emitting diagnostic equipment. We are also responsible for providing their alternative energy supply and energy efficient heating, cooling and water systems.

We expect these to be the first prototype design of these buildings with expansion to most states west of the Mississippi River for these health care providers.

The Company will not need financing for the contract as the health care providers will finance the complete project from available resources.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results differ materially fro, those expressed in the forward-looking statements, including but not limited to certain delays and risks detailed from time to time in the company's filings with Pink Sheets or the Securities and Exchange Commission.


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