Steadfast Holdings Group Announces New Leadership, Change of Control, and Corporate Actions

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Steadfast approves a reverse split, name change, and new management.

Steadfast Holdings Group, Inc. (STDF.PK) (the “Company”) has appointed Joe Caywood as its Chief Executive Officer, President, Secretary, and Chairman of the Company. On April 27, 2011, Mr. Caywood acquired a controlling interest in the shares of the Company. Mr. Caywood, 41, has extensive management experience in several sectors including the recycling, waste disposal, and automotive industries.

On April 28, 2011, John Calash resigned as a Director and President of the Company. Susan Calash resigned as the Secretary of the Company on the same date.

The Company has approved and intends to implement several corporate actions including: a name change to Scorpex, Inc., a restatement of its articles of incorporation, and a 1-for-1,000 reverse split of its issued and outstanding shares of common stock to become effective on May 20, 2011.

This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.

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Investor Relations:
Franco Inc.
(310) 891-1838

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Franco Inc.

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