Starstream Entertainment's Starstream SPAC Holdings Corp Targeting Strategic Acquisitions
January 14 2021 - 10:10AM
InvestorsHub NewsWire
Starstream
Entertainment's
Starstream SPAC Holdings Corp Targeting
Strategic Acquisitions
New Smyrna
Beach, FL -- January 14, 2021 --
InvestorsHub NewsWire -- Starstream
Entertainment
Inc. (OTC
PINK: SSET) announced in a Company press release dated December 2,
2020 that the Company recently
formed Starstream
SPAC Holdings
Corp in order to facilitate the Company's aggressive growth
initiative within the burgeoning $153 Billion staffing
industry.
Starstream
SPAC Holdings
Corp ("SPAC") was formed and launched to be used as an acquisition
vehicle to identify and target business
acquisition
candidates. The Company
will be
targeting businesses
within the
staffing industry that provide scalable growth
opportunities with the business combinations.
Carla Rissell, CEO of Starstream
Entertainment
Inc. stated, "The Company has been
speaking with and reviewing several potential acquisition
candidates. We are looking at acquisition candidates that
will either compliment or enhance our current business operations
in order to maximize growth and shareholder value. We believe
that the Company is in a very strong
position as we continue to grow the current operations
at our flagship
subsidiary Facetime Consulting and Promotions and that the right scalable acquisition
will help us spur the next step in growth of our
Company."
Ms. Rissell continued,
"In
reviewing the preliminary 2020 year-end financials, I am extremely
pleased with the Company's growth and results and look forward to
sharing the Annual Report with shareholders as soon as soon as our
CPA and Financial Officer complete the Annual Report
for
posting. The Company's strong financials coupled with being a
public company enhances our ability for making strategic
acquisitions. We are being very diligent in our vetting
process when identifying possible acquisition candidates. Our
Company goal is to identify one or two key acquisition targets that
meet all the right criteria sometime during the first
quarter."
About SPAC's
A Special Purpose Acquisition
Company ("SPAC") is a company with no commercial operations that is
formed strictly for the purpose of acquiring an existing
company. SPAC's have no existing business operations or even
stated targets for acquisition. SPAC's are generally formed
to target a particular industry or business sector with the
intention of pursing deals in that area.
According to
industry tracker SPACInsider.com, as of November 10,
2020, there
have been 172 SPAC
transactions that
have
raised approximately
$63 billion in
capital this year, with an average deal size of $367
million. Yet a
mere five years
ago, the corresponding numbers were twenty
deals
raising roughly
$3.9 billion,
each deal averaging around
$195
million.
About Starstream
Entertainment Inc.
The Company is
a service provider primarily focused in the on-demand event
staffing industry The Company's business strategy is to focus on
event staffing and brand building for high profile clients through
our subsidiary, Facetime Consulting and Promotions LLC ("FCP"). The
primary placements that FCP makes are to companies in the consumer
goods industry.
Follow us
on
Instagram:
https://www.instagram.com/facetimepromotions/
Twitter:
https://twitter.com/StarstreamEnt
Facebook:
https://www.facebook.com/FacetimePromo
Safe Harbor: This
Press Release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. These forward-looking
statements are based on the current plans and expectations of
management and are subject to a number of uncertainties and risks
that could significantly affect the company's current plans and
expectations, as well as future results of operations and financial
condition. A more extensive listing of risks and factors that may
affect the company's business prospects and cause actual results to
differ materially from those described in the forward-looking
statements can be found in the reports and other documents filed by
the company with the Securities and Exchange Commission and OTC
Markets, Inc. OTC Disclosure and News Service. The company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
CONTACT:
Starstream
Entertainment, Inc.
https://www.facetimepromo.com/
Carla
Rissell, CEO
investorinfo@facetimepromo.com
833-422-7300 - Investor Relations: Ext.
700
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