Cephas Holding Corp. Provides Corporate Update on Third Quarter

NEW YORK, NY, Oct 05 (MARKET WIRE) --
Cephas Holding Corp. (PINKSHEETS: CEHC) today provided an update on
corporate activities that took place in the third quarter as well as
updates on other developments.

Fedor Emelianenko. Earlier this year, the company entered into a three
year licensing agreement with Mr. Emelianenko for the use of his image,
likeness, and name on applications for the iPhone platform. The company is
currently developing three applications under this agreement. Fedor is
generally regarded as the best mixed martial artist in the world. He is
scheduled to fight Brett Rogers in a nationally televised fight which will
be broadcast on CBS in November. Mixed martial arts has been called the
fastest growing sport in America.

Iron Sheik. The company launched its first iPhone application, "Iron Sheik
Soundboard," recently in the Apple app store. The Iron Sheik is a world
recognized, professional wrestler. Cephas expects to launch a promotional
campaign for this app with the Sheik as he appears at various events and
in the media to promote the app and his relationship with Cephas.

Other iPhone applications. The company is exploring several other
applications as well as other licenses for popular brands and
personalities. Cephas intends to offer a portfolio of popular applications
for the iPhone platform.

Android/Palm Pre. Cephas currently offers the Iron Sheik Soundboard for
Google's Android platform. Additionally, the company was recently accepted
into the Palm Pre developers program. The company intends to leverage its
licenses on new mobile platforms as the licenses allow and as economic
opportunities present themselves.

Reporting Status. The company's common stock currently trades on the Pink
Sheets. The company intends to remain fully reporting and make application
to the OTC Bulletin in the appropriate time period. An inadvertent
violation of Rule 6530(e) related only to the date of a certain filings
caused the change in trading venue for the company's stock. Cephas will
remain audited and will file reports on time while it trades on the Pink
Sheets.

The statements contained herein which are not historical facts are
considered forward-looking statements under federal securities laws and
may be identified by words such as "anticipates," "believes," "estimates,"
"expects," "intends," "plans," "potential," "predicts," "projects,"
"seeks," "will," or words of similar meaning and include, but are not
limited to, statements regarding the outlook for the Company's future
business and financial performance. Such forward-looking statements are
based on the current beliefs of our management as well as assumptions made
by and information currently available to them, which are subject to
inherent uncertainties, risks and changes in circumstances that are
difficult to predict. Actual outcomes and results may vary materially from
these forward-looking statements based on a variety of risks and
uncertainties including: our dependence on key management and the timely
release and significant market acceptance of our products, our ability to
raise capital if needed, risks associated with our operations. Other
important factors and information are contained in the Company's Annual
Report on Form 10-K in the section entitled "Risk Factors," as updated in
the Company's Quarterly Reports on Form 10-Q and the Company's other
periodic filings with the SEC. All forward-looking statements are
qualified by these cautionary statements and apply only as of the date
they are made. The Company undertakes no obligation to update any
forward-looking statement, whether as a result of new information, future
events or otherwise.

Contact:
Cephas Holding Corp.
734-274-5845
Info@cephas3g.com

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