CLST Holdings, Inc. Has Decided to Postpone Its Annual Meeting of Stockholders Unless...

CLST Holdings, Inc. Has Decided to Postpone Its Annual Meeting of Stockholders
Unless Disputes With Red Oak Group Are Resolved Timely

DALLAS, April 7 /PRNewswire-FirstCall/ -- CLST Holdings, Inc. (Pink Sheets:
CLHI) announced today that it has decided to postpone its Annual Meeting of
Stockholders previously scheduled for May 22, 2009 ("Annual Meeting") unless
it reaches an agreement before April 12, 2009 with Red Oak Partners, LLC and
its affiliates (the "Red Oak Group"), resolving a number of disputes between
the Company and the Red Oak Group relating to the meeting.

Yesterday, the Company filed an amended complaint in its lawsuit against the
Red Oak Group, pending in the United States District Court for the Northern
District of Texas, seeking remedies that it hopes will allow it to proceed
with a proper annual meeting, pursuant to proper notice, at a time when the
Company's stockholders have sufficient time and information to make informed
decisions. Because, among other reasons, the Company does not expect that
litigation, which bears directly upon the Annual Meeting, to be resolved for
some months, the Board has determined to delay the Annual Meeting until
September 25, 2009, unless the Company and the Red Oak Group are able to
resolve contested issues related to the Annual Meeting prior to April 12,
2009.

"It is unfortunate that we must continue to expend time and money addressing
the hostile actions of the Red Oak Group, especially as we are preparing our
first quarter financial results due early next week," stated Robert A. Kaiser,
President and CEO of CLST Holdings, Inc. "Unless we are able to reach an
agreement with the Red Oak Group to address our concerns about their behavior
and commit them to complying with our certificate of incorporation, and
Delaware and Federal law, our annual stockholders meeting will be held on
September 25, 2009."

Forward-Looking Statements

Certain information included herein may constitute "forward-looking"
statements for purposes of the Securities Act of 1933, as amended, and the
Securities Exchange Act of 1934, as amended, and, as such, may involve known
and unknown risks, uncertainties and other factors that may cause the actual
results, performance or achievements of the Company to be materially different
from future results, performance or achievements expressed or implied by such
forward-looking statements. When used in this report, the words "anticipates,"
"estimates," "believes," "continues," "expects," "intends," "may," "might,"
"could," "should," "likely," and similar expressions are intended to be among
the statements that identify forward-looking statements. Statements of various
factors that could cause the actual results, performance or achievements of
the Company to differ materially from the Company's expectations ("Cautionary
Statements") are disclosed, including, without limitation, those discussed in
the "Risk Factors" section in Item 1A of the Company's Form 10-K, those
statements made in conjunction with the forward-looking statements and
otherwise herein. All forward-looking statements attributable to the Company
are expressly qualified in their entirety by the Cautionary Statements. We
have no intention, and disclaim any obligation, to update or revise any
forward-looking statements, whether as a result of new information, future
results or otherwise.

SOURCE CLST Holdings, Inc.

Robert A. Kaiser, President, Chief Executive Officer of CLST Holdings, Inc.,
+1-972-267-0500; or Hala Elsherbini, Senior Vice President and COO of
Halliburton Investor Relations, +1-972-458-8000, for CLST Holdings, Inc.