DALLAS, March 23 /PRNewswire-FirstCall/ -- CLST Holdings, Inc. (Pink Sheets: CLHI) announced today that it has retained Morrow & Co., LLC to assist in the distribution of proxy materials and the solicitation of shareholder proxies.

"We are pleased to retain the services of Morrow & Co. as we prepare for our annual meeting of shareholders, being held on May 22, 2009," said Robert A. Kaiser, CLST Holdings' President and Chief Executive Officer. "We look forward to their assistant and advice on proxy solicitation and other related matters."

About Morrow & Co.

Morrow & Co., LLC (Morrow) is a world leader in security-holder services. With unmatched experience in the industry, leading-edge strategies and solid tactical implementation, Morrow is the advisor of choice for more than 600 publicly traded companies, mutual funds, and others looking to reach and influence shareholders.

About CLST Holdings, Inc.

The Company was founded in 1981 and was formerly known as CellStar Corporation. It changed its name to CLST Holdings, Inc. in 2007. While CLST Holdings, Inc. continues to follow its adopted plan of dissolution, approved on March 28, 2007, it is also engaged in the business of holding and collecting consumer accounts receivables. Although the Company consummated three acquisitions of receivables portfolios during late 2008 and early 2009, the Board of Directors and management has not abandoned its plan of dissolution and has continued to evaluate the best options for more advantageous shareholder value.

Forward-Looking Statements

Certain information included herein and in other company reports may contact forward-looking statements, including statements concerning estimated future sales and earnings, new product introduction and operational improvement. Forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results in future periods of CLST Holdings, Inc. to differ materially from forecasted results. In connecting with its Annual Meeting to be held May 22, 2009, CLST Holdings, Inc. will be filling a preliminary proxy statement. White card and other materials with the U.S. Securities and Exchange ("SEC"). Please refer to our reports and filings with the SEC, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, for a further discussion of these risks and uncertainties. We also caution you not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date they were made or to reflect the occurrence of unanticipated events.

SOURCE CLST Holdings, Inc.