Corporate Report: November 23

Coastal Capital, Earth Surfaces CEO accuses investor of pump and dump
Anthony DiNorcia, Coastal Capital Acquisition Corp. and Naples-based Earth Surfaces of America Inc., has issued a letter to shareholders attributing recent stock fluctuations to a rogue investor's pump-and-dump scheme.

The letter says that following the company's agreement to transfer stock for Earth Surfaces of America Inc. to become a subsidiary, Coastal Capital Acquisition was approached by George Lambro. He agreed to purchase up to $600,000 in stock if the deal went through.

DiNorcia says in July, Lambro and his associates then used their convertible notes and related accrued interest to acquire 385 million shares.