STROUDSBURG, Pa., June 6, 2012 /PRNewswire/ -- Star Entertainment Group, Inc. (PINKSHEETS: SETY) is pleased to report that its Tranzistor Radio division has been featured in the influential Indie Music.com web-zine, adding support to its recently released BETA Tranzistor Radio application to the Android Market and soon to be released iPhone app. The Beta app is available now for free download at http://www.tranzistorradio.com/
As posted on May 31st, "The newest player in the market is the aptly named Tranzistor Radio, a smart phone app designed for music lovers seeking the best new bands and indie labels. With a multitude of music styles to choose from and multiple original channels within each genre, listeners hoping to discover fresh sounds will have, literally, thousands of options." The full article can be read @ Tranzistor Radio – A New Income Stream for Indie Music (Indie-Music.com).
The weekly online radio audience jumps more than 30 percent in the past year says new Arbitron Edison research study, "The Infinite Dial 2012." The report continues, "The weekly audience of all forms of online radio is now at an estimated 76 million Americans age 12 and older, reaching 29 percent of the population and representing an increase of more than 30 percent from one year ago." We have been seeing major growth bit by bit, but this is the largest year-over-year increase so far, showing that online radio is more relevant than ever.
What sets Tranzistor Radio apart from others in the space is its dedication to new and emerging artists. The Company will be announcing the initial slate of channels and stations by early summer, with more to come over the following months.
Additional announcements regarding the Tranzistor's new product line up, marketing web sites , roll-out schedule and potential acquisitions will be announced in a timely manner.
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.
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.