Sebastian River Holdings Inc. (PINKSHEETS: SBRH) Announces Corporate Update to Shareholders

Sebastian River Holdings Inc. is a leading Alternative Energy company located in South Korea. With main capabilities in acquisition, sales, and service. End Quote

(1888PressRelease) May 24, 2011 - Sebastian River Holdings, Inc. has been working diligently over the past few months with the main goal of being financially stable. Sebastian River Holdings, Inc. believes if a company is not financially stable other aspects of the business would be irrelevant. Therefore, the company had decided to discontinue the use of the website and scaled down our public relations activities. The decrease in these activities was part of the reason of our recent success in business.

Sebastian River Holdings, Inc. has also voted on new members of the board. Through its recent financial accomplishments it has garnered the respect of three dignitary personnel that are prominent in the South Korean Alternative Energy sector. These three personnel has served in previous alternative energy companies such as: Seo Young Tech, Co. Ltd. & Lumisigns, Ltd. With the help of these individuals Sebastian River Holdings, Inc. will expand its offerings and services world-wide.

The company understands that it is imperative after this stage to increase our public relations expenditures once again. In a globalized world the need for a well built means of connection between customers and investors is essential. Therefore, the company has unanimously voted to begin releasing monthly "State of the Company" addresses. Also, the company has also voted to begin the process of creating a more reputable website to achieve those goals in part.

Again, Sebastian River Holdings, Inc. is proud of its employees for their recent hard work. With their help the company has secured a $35 Million contract with the South Korean Government along with many other valuable contacts in the alternative energy sector.

The financial state of Sebastian River Holdings, Inc. is currently considered to be stable. The board does not believe that there will be any need to issue more shares in the future. However, the company has voted to keep this right for emergency situations. The total estimated revenue of the company, once the contract initiates in June 1st, 2011, would be around $10 million per annum. However, these numbers are only estimated because it depends on the failure or success of other pending contracts. The gross expenditures currently are estimated to be $3.5 million, with a majority of the cost coming from cost of goods sold and general administrative costs.

For more information please contact our public relations officer at Sebastian River Holdings, Inc.

SAFE HARBOR STATEMENT: This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Actual results may differ materially from forward looking statements due to various factors beyond the control of the Company. For further information regarding risks and uncertainties associated with the Company's business, please refer to the Company's filings which are publicly available on the website of the U.S. Securities and Exchange Commission.

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