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.
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
SOURCE Star Entertainment Group, Inc.