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 PR Newswire 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 10^th, 2012. 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 http://www.7StarEnt.com. 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. Website: http://www.7starent.com Contact: Joseph Daleo, +1-954-563-8166
7 Star Entertainment Inc. Announces FINRA Approval for Public Market Trading of Its Common Stock
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