Coastal Capital Acquisition Corporation Announces JV Letter of Intent With W2 Energy

ATLANTA, GA, Oct 29 (MARKET WIRE) --
Coastal Capital Acquisition Corp (PINKSHEETS: CCAJ) and W2 Energy
(PINKSHEETS: WTWO) Sign JV Letter of Intent.

CEO of Coastal Capital Acquisition Corporation Tracy Anderson said, "I am
pleased to announce I have signed a Joint Venture Letter of Intent with W2
Energy Inc. The scope of this joint venture is to design, construct and
operate an Algae to Bio-diesel facility in the state of Florida. After
discussions with W2 Energy we felt a JV partnership would be a great first
step in utilizing Green Technologies as a way to grow value for the
company and our shareholders."

W2 Energy has an all in one Algae production that grows, harvests, and
dries Algae for use in the production of Bio-diesel. This technology also
creates a valuable by-product in dried Algae for feedstock. W2 Energy is a
manufacturer of green products and is looking to expand our Algae to
Bio-diesel business. W2 Energy looks forward to working with Coastal
Capital in this venture and the signing of a formal Joint Venture
agreement in the near future.

Coastal Capital Acquisition Corp CEO Tracy Anderson also said, "We are
presently in discussions with a particular property owner to execute a
long term lease or purchase agreement for 2.5 acres in Florida. This
property will house the facility we are looking to construct. I look
forward to updating you, the shareholders, on our continued progress with
W2 Energy and other joint ventures we are currently negotiating."

Forward-Looking Statements:

This report contains forward-looking statements, including the use of the
words "expect," "anticipate," "estimate," "project," "forecast,"
"outlook," "target," "objective," "plan," "goal," "pursue," "on track,"
and similar expressions. These forward-looking statements involve risks
and uncertainties. Factors that could cause actual results to differ
materially from those predicted in any such forward-looking statement
include our ability to continue to lower our costs, our timely
development and customers' acceptance of our products, including
acceptance by key customers, pricing pressures, rapid technological
changes in the industry, increased competition, our ability to attract
and retain qualified personnel, our ability to identify and successfully
consummate future acquisitions; adverse changes in customer order
patterns, adverse changes in general economic conditions in the U.S. and
internationally, risks associated with foreign operations and political
and economic uncertainties associated with current world events.

Contact:
Richard Kravets
Investor Relations
Coastal Capital Acquisition Corporation
215.490.4521

Copyright 2009, Market Wire, All rights reserved.

-0-