EAST HAVEN, CT–( EMWNews – March 31, 2008) – Steadfast Holdings Group, Inc. (PINKSHEETS: STHG) announced today that its subsidiary, Steadfast Coatings, has entered

into an agreement with Ananyara of Turks & Caicos to apply its proprietary

protective coating product to a test pond in order to eliminate the algae

buildup. Such algae buildup is a major problem and expense in decorative

artificial and nature pond waters throughout most of the warmer climates.

If the test meets its goals, Steadfast’s coating will be applied over time

on pond surfaces located in over 100 acres in Turks & Caicos, potentially

generating over $20 million in cumulative revenues for the coatings

subsidiary.

John Calash, CEO of Steadfast Holdings Group, Inc., stated, “The selection

and use of our proprietary coating product for this type of

environmentally-friendly application is extremely exciting to us. Clearly,

a successful test will mean that our product has a ‘break-through’ new

market application for it — one that is immensely gratifying to us as well

as highly profitable. We look forward to the results of the test in the

months ahead, and believe that a successful test result will represent a

new channel of economic growth for us as well.”

About Steadfast Holdings Group, Inc.

Steadfast Holdings Group distributes a variety of products to the

automotive aftermarket, many of which are used in other commercial and

consumer applications. The core business is its spray on truck bed

protection product which offers specially formulated polymers that

permanently bond to the truck’s bed. The Company’s spray-on Polyurea is a

remarkable technology with a range of uses limited only by your

imagination. They are also utilized in commercial, industrial,

agricultural, military and custom applications when this tough coating is

used to protect everything from metals to concrete against chemicals,

solvents, fuel, etc. The Company is a licensed dealer for the following

aftermarket products: A. R.E. Truck Caps and Lids, Tool Boxes, Nerf Bars,

Tube Steps, Running Boards, Rack Systems, Rail Caps, Tonneau Covers, Fender

Flares, Grilles, Visors, Bug Shields, Roll-Up Covers, Side Rails, Mud

Guards, Floor Mats, Lights, Trailer Hitches, Stainless Steel Accessories

and Lift Kits. Steadfast also has distribution agreements with the several

companies that manufacture light truck aftermarket products. Additional

information may be found at www.steadfastlinings.com.

Safe Harbor

Statements regarding financial matters in this press release other than

historical facts are “forward-looking statements” within the meaning of

section 27A of the Securities Act of 1933, Section 21E of the Securities

Exchange Act of 1934, and as that term is defined in the Private Securities

Litigation Reform Act of 1995. The company intends that such statements

about the Company’s future expectations, including future revenues and

earnings, and all other forward-looking statements be subject to the safe

harbors created thereby. Since these statements (future operational results

and sales) involve risks and uncertainties and are subject to change at any

time, the Company’s actual results may differ materially from expected

results.