CORRECTING and REPLACING CALC Presentation at JMP Securities Research Conference Available on Webcast

2008-05-14 03:41:01 -

- The listed time in first graph, first sentence of release should read: xxx 9:30 a.m. Pacific Daylight Time (sted xxx 9:30 p.m. Pacific Daylight Time).

The corrected release reads:

CALC PRESENTATION AT JMP SECURITIES RESEARCH CONFERENCE AVAILABLE ON WEBCAST

California Coastal Communities, Inc. (NASDAQ:CALC) announced today that management's presentation at the JMP Securities Research Conference in San Francisco on May 20, 2008 will be available via simultaneous webcast at 9:30 a.m. Pacific Daylight Time at the following web link: www.wsw.com/webcast/jmp4/calc/. The webcast will also be available on the Company's website at: investors.californiacoastalcommunities.com/ and a replay of the webcast will be available at the conclusion of the presentation.

The Company is a residential land development and homebuilding company operating in Southern California. The Company's principal subsidiaries are Hearthside Homes, Inc. which is a homebuilding company and Signal Landmark which owns 110 acres on the Bolsa Chica mesa in Huntington Beach, California, where sales commenced in August 2007 at the 356-home Brightwater community. Brightwater represents one of the last opportunities to develop a master planned community on the Southern California coast. Hearthside Homes is building all of the homes at Brightwater and has delivered over 2,100 homes to families throughout Southern California since its formation in 1994.

California Coastal Communities, Inc.
Raymond J. Pacini, 949-250-7781
Chief Executive Officer