7 Star Entertainment Inc. Announces FINRA Approval for Public Market Trading
of Its Common Stock
Premiere Online Entertainment Company Has Begun Trading On OTC Markets On
September 17th, 2012
FORT LAUDERDALE, Fla., Nov. 6, 2012
FORT LAUDERDALE, Fla., Nov. 6, 2012 /PRNewswire/ -- 7 Star Entertainment Inc.
(OTC Markets: SAEE). Today, the management team of 7 Star Entertainment Inc.
(7 Star), a premiere online social networking and social media company, is
proud to announce that FINRA has approved 7 Star's common stock for trading in
the public markets and issued 7 Star the stock symbol "SAEE", effective April
7 Star Entertainment has now completed all necessary filings with OTC Markets
to trade on the OTC Pink including current financial statements, a quarterly
report for the period ended June 30, 2012, annual reports for 2010 and 2011,
updated disclosure statements, and other pertinent documents. These filings
are available for review on www.otcmarkets.com. Also, 7 Star expects to apply
for Depository Trust & Clearing (DTC) eligibility in the coming weeks.
"As a rapidly growing company in a nascent space with an expanding addressable
market, the advantages of being public were simply too great for us to
ignore," commented 7 Star founder and Chief Operations Officer Joseph Daleo
Jr. "We started this process back in 2010, and while it's not been easy, it's
clearly been worthwhile. Our flagship AdultMatchClub.com property and other
adult social networking websites continue to attract visitors as we leverage
our proven business model and expand our focus to mainstream social media,
cable TV, and mobile applications. We look forward to announcing new online
and mobile properties in the coming weeks."
"With a publicly-traded stock, we now have another currency beyond cash to
pursue mergers and acquisitions to diversify into other strategic areas of
e-commerce," stated 7 Star Chief Executive Officer and Director Carl J. Conte.
"We have already identified several potential acquisition candidates that
appear to fit strategically with our current portfolio and growth strategy
beyond the adult networking space."
7 Star owns and operates a growing 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. For more
information on 7 Star Entertainment, Inc. please visit the company website at
SAFE HARBOR STATEMENT
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.
SOURCE 7 Star Entertainment Inc.
Contact: Joseph Daleo, +1-954-563-8166
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