7 Star Entertainment Inc. Seeks to Acquire Interest in Technology Company
October 10 2013 - 7:00AM
OTC Markets
7 Star Entertainment Inc. Seeks to Acquire Interest in Technology
Company
7 Star Entertainment Inc. Seeks to Acquire Interest in Technology
Company
Company Is in Final Stages of New Agreement
FORT LAUDERDALE, FL--(Marketwired - Oct 10, 2013) - 7 STAR
ENTERTAINNMENT, INC. (OTC Pink: SAEE) would like to take this
opportunity to further update shareholders about some recent
company developments. As recently announced 7 Star Entertainment
seeks to expand and diversify into new and exciting business
sectors and is focused on new acquisition opportunities and the
formation of strategic partnerships. The company is pleased to
announce that it is in the final stages of negotiating an agreement
and hopes to make a formal announcement before the end of the
month.
Says CEO Carl J. Conte, "This is very exciting for us, our
shareholders and loyal supporters and it would be a great
opportunity for 7 Star to expand into an arena with explosive
growth and great potential. The acquisition involves a company that
integrates and cultivates high tech consumer electronic products,
builds global encrypted networks and creates new opportunities and
innovations to deliver dramatically improved value propositions to
individual users, businesses and the world." Continues Conte, "We
are very determined to open new doors and execute our mission to
bring great value to 7 Star Entertainment and its
shareholders."
About 7 Star
Entertainment, Inc.
7 Star owns and operates a portfolio of online
dating web properties along with complementary online bidding,
video, and affiliate traffic websites, supported by a range of
mobile e-commerce applications such as location based services,
mobile checkout, and credit card processing. 7 Star is currently
focused on new acquisition opportunities and the formation of
strategic partnerships that will accelerate the next phase of 7
Star's growth and business platform. For more information on 7 Star
Entertainment, Inc. please visit the company website at
http://www.7StarEnt.com.
Forward-Looking Statements: This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and as such, may involve risks and uncertainties. Forward-looking
statements, which are based on certain assumptions and describe
future plans, strategies, and expectations, are generally
identifiable by the use of words such as "believe," "expect,"
"intend," "anticipate," "estimate," "project," or similar
expressions. These forward-looking statements relate to, among
other things, expectations of the business environment in which the
Company operates, projections of future performance, potential
future performance, perceived opportunities in the market, and
statements regarding the Company's mission and vision. The Company
and all affiliated parties do not assume any duty to publicly
update or revise the material contained herein.
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