MIAMI and NEW YORK, June 20,
2012 /PRNewswire/ -- Star Entertainment Inc.
(PINKSHEETS: SETY), a leader in digital distribution today
announced the details of its Tranzistor Systems eCommerce division,
MediaPal, a software platform that enables content
owners of any size to profitably sell content via their Internet
site. This platform allows Tranzistor to add to its growing
list of offerings, which already include distribution of digital
assets in the online space. Tranzistor has established the Music
3.0 Ecosystem which directly links a musician or band to their
distribution platform while monetizing and building fan loyalty
along the way.
According to PWC during the next five years, the economic
recovery will help to support a revival in the non-digital
components of the market — but the renewed growth in non-digital
spend will be significantly outpaced by digital increases. Overall
spending related to digital services and platforms will rise at a
rate of 12.1 percent compounded annually during the five-year
forecast period, compared with a much slower compound annual growth
rate of 2.6 percent for non-digital. This disparity will see
digital's share of overall spending reach 33 percent in 2014.
"The Internet and digital media offer artists such a huge canvas
for delivering their talent to the masses," said Tranzistor Systems
CEO Josh Eikov. "Whether it is
music, video or the written word, these artists have the
opportunity to entertain their fans as well as find new ones with
the ability to monetize their craft from any webpage or blog that
they want to across the entire Internet. The major internet
retailers do not give the band or fan the type of granular control
over what content is sold or how it is purchased as effectively as
Tranzistor Systems can."
Tranzistor Systems Inc., which specializes in delivering these
digital media, in the form of music/video download and Internet
radio, will utilize the MediaPal software platform to help site
owners build an ecommerce site on their own space.
Additionally, the platform allows artists to build out an ecommerce
solution through their social media presence on sites like Facebook
and MySpace. Information on MediaPal can be found on
www.mediapal.com
Tranzistor Systems had announced its slate of first to broadcast
channels and is looking to deploy this music network on top of
their new Tranzistor Radio and already established Virtual Radio
product in Europe and Asia. Virtual Radio already has a download
base of 5,000,000 applications and recently released its iPhone
application. The Tranzistor Radio iPhone application is soon to be
released- both are available on Android.
Virtual Radio was previously acquired by Tranzistor Systems,
Inc. as part of the NINJ GmBH acquisition. NINJ is a pioneer
in developing ground breaking mobile technology since 2005. Their
VirtualRadio product has established a market leading position in
the fast growing segment of Internet based Radio Software and
Services for mobile phones.
OTC Markets had recently upgraded the Company to the highest
trading Status of Pink Current Information. This new current status
in both federal and state filings, together with the acquisition of
Tranzistor Systems, Inc and Tranzistor's acquisition of NINJ GmBH.
have accelerate the implementation of the Company's new business
strategy.
Tranzistor's product and technology has been assessed in excess
of $10 million and a number of
products and services are under development and synergistic
potential joint ventures and acquisitions are under negotiation.
Tranzistor has projected annual revenues to reach $87.6 million by 2014 and in excess of
$231 million by 2016, as Tranzistor's
service set expands internationally.
The Company will continue to provide periodic updates on the
progress of its initiatives and potential acquisitions.
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, a wholly owned subsidiary of Star
Entertainment Group, 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.
Forward Looking Statements - Safe-Harbor
Statement
Statements made in this press release that are not historical
facts constitute "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, Section 21 of the
Securities Exchange Act of 1934 and the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
necessarily estimates reflecting the best judgment of senior
management and express the Company's opinions about trends and
factors which may impact future operating results. Such statements
rely on a number of assumptions concerning future events, many of
which are outside of the Company's control, and involve risks and
uncertainties that could cause actual results to differ materially
from opinions and expectations. Any such forward-looking statements
should be considered in context with the various disclosures made
by the Company about its businesses. The Company undertakes no duty
to update any forward-looking statement to conform the statement to
actual results or changes in the Company's expectations. For
further information regarding risks, uncertainties, and other
factors associated with Star's business and copies of Star's press
releases and additional information about Tranzistor Systems,
please refer to http://www.StarEntertainGroup.com
Star Entertainment Group
info@StarEntertainGroup.com
(570) 213-4204
SOURCE Star Entertainment Group, Inc.