FT. LAUDERDALE, Fla.,
June 4. 2012 /PRNewswire/ -- Star
Entertainment Group, Inc. (OTC: SETY.PK) is pleased to announce
that it has now finalized the OTC Markets disclosure
process and has officially filed the required Initial Company
Information and Disclosure Statement, together with its Initial
Financial Disclosure dated May 31,
2012. By meeting the OTC Markets Group Guidelines for
Providing Current Information guidelines, the Company will now be
designated by OTC Pink Current Information.
Additionally, the Company has brought its status with the
State of Nevada to the Active
current level through the completion of the required State filings
and fees.
As the new Executive Management team continues with the
transformation of the company, they reaffirm their commitment to
becoming a fully reporting entity in compliance with SEC
requirements and they are eager to move forward with the
opportunity to expand operations through the acquisition and
integration of valuable companies and technologies with synergistic
opportunities that meet and exceed our investment criteria. The
updated reports can be found on
http://www.otcmarkets.com/stock/SETY/quote
With the completion and upgrading of the Company state and
federal filings, the Company expects its previously announced
initiatives to accelerate. All developments will be announced
in a timely fashion
About Star Entertainment Group
Star Entertainment Group, Inc. is an independent investment,
management, and holding company focusing on new media and digital
content, delivery and monetization of multi-dimensional Online
Customer Communities through the integrated use of online;
interactive, real-time Internet television broadcasting; Internet
radio networks; participatory mobile applications; proprietary
search capabilities and intuitive advertising platforms. The
Company will operate as a central hub, utilizing our strengths in
M&A, capital and resource management and will proactively
minimize risk by teaming with experienced technologies operators,
leveraging their experience and knowledge.
About Tranzistor Systems Inc.
Tranzistor Systems is a consumer technologies company developed
to address the independent music, social media and entertainment
markets and is a home for artists, bands, fans and indie labels to
cross-pollinate and create multiple revenue streams. With our
internet radio and discovery platforms Tranzistor will be the first
interactive company and brand to widen the demographic for fans,
indie labels and independent artists. Tranzistor will focus on
developing and monetizing their content.
Safe-Harbor Statement
This information includes certain "forward-looking statements."
The forward-looking statements reflect the beliefs, expectations,
objectives and goals of the Company management with respect to
future events and financial performance. They are based on
assumptions and estimates, which are believed reasonable at the
time such statements are made. However, actual results could differ
materially from anticipated results. Important factors that may
impact actual results include but are not limited to commodity
prices, political developments, legal decisions, market and
economic conditions, industry competition, the weather, changes in
financial markets and changing legislation and regulations. Matters
discussed in this press release may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the
forward-looking statements contained herein. These forward-looking
statements are based largely on the expectations of the Company and
are subject to a number of risks and uncertainties. These include
but are not limited to risks and uncertainties associated with the
impact of economic, competitive and other factors affecting the
Company and its operations, markets, product, and distributor
performance, the impact on the national and local economies
resulting from terrorist actions, and U.S. actions subsequently;
and other factors detailed in reports filed by the Company.
Forward-looking statements are intended to qualify for the safe
harbor provisions of Section 21E of the Securities and Exchange Act
of 1934, as amended.
Star Entertainment Group
info@StarEntertainGroup.com
(570) 213-4204
SOURCE Star Entertainment Group, Inc.