HOLBROOK, N.Y., Aug. 5 /PRNewswire-FirstCall/ -- NorthStar Global Business Services, Inc. (Pink Sheets: MDIND) today announced that the name change from MedGen, Inc. to the firm's current name has been approved by both the Nevada Secretary of State and FINRA in addition to a 1:30 reverse stock split. "The goal is to be fully reporting, and hopefully get listed on a higher market at some point," said Raymond Barton, NorthStar's Chief Executive Officer, who continues to add, "With a reverse merger, you are inheriting the legacy of the prior management, and often you have to engage in a lot of clean up to level the playing field for the shareholders and put us in a position where we have a chance."
The move comes in the wake of some very positive progress for the company which will be announced in the upcoming weeks, including the signing of a recent contract to expand into the UK, and being chosen as one of the top 500 fastest growing firms in America by a major media source.
Shareholders are encouraged to read Mr. Barton's CEO blog at www.northstargbs.com for company updates and information.
NorthStar Global Business Services, Inc. is a next generation holding company aimed at dominating several industries and diversifying its holdings through acquisitions and revenue generating subsidiaries. The company currently runs NorthStar Business and Property Brokers, Inc. a wholly owned subsidiary in the Business Brokerage industry, a Leap Frog Realty branch office in the Real Estate industry, and Global Media Online, Inc. a Distribution Company and wholly owned subsidiary.
Lorin R. Streim, Esq.
Med Gen Inc. Holbrook, NY 11741
1-877-570-1581 (ph & fax)
Safe Harbor: This communication may contain 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, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates" ,"expects", "intends", "plans", "believes", "seeks", "estimates", or variations of such words are intended to identify such forward-looking statements. The Company assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk that the work may not commence shortly and our growth will not continue as anticipated and the factors discussed in our Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Forms 8-K. Copies of these filings are available at www.sec.gov.
SOURCE NorthStar Global Business Services, Inc.