Empyrean Communications Inc. Reports on Special Shareholders Meeting Results and Other Matters
Thursday January 13, 3:01 pm ET

HOUSTON--(BUSINESS WIRE)--Jan. 13, 2005--Empyrean Communications Inc. (OTCBB:EPYR - News) is pleased to announce that the shareholders who convened at the Special Shareholders meeting on January 5, 2005 approved the full agenda and Empyrean will initiate its new business direction immediately.

Management, working closely with Corporate Counsel, is in the process of implementing two priority action items of (a) increasing the authorized shares of the corporation and to provide discretion to the Board of Directors with respect to the terms of the preferred stock and (b) to change the name of the corporation to Empyrean Holdings Inc. to reflect more accurately the corporation's revised business plan and future direction. Application will be made for a new Cusip number and a new trading symbol will also be obtained.

A decision has been taken to withhold any ad hoc real estate purchases at this stage as the opportunity to acquire a consulting company that is active in this sector through a stock swap has arisen. Serious consideration is being given to this opportunity and further announcements will be made as developments occur.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.