Prime Star Group Subsidiary Signs a Million Dollar Credit Line
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Mon, 09 Nov 2009 14:13:38 GMT |
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Prime Star Group, Inc. |
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LAS VEGAS, NV -- 11/09/09 --
Prime Star Group, Inc. (OTCBB: PSGI) is
pleased to announce that its wholly owned subsidiary, Wild Grill Foods,
Inc., has a signed a contract for a million dollar credit line for the
production of its Gourmet Fusion Sliders and other specialty seafood
products.
Jerry Ludeman, President of Wild Grill Foods, Inc., says, "The signing of
this million dollar line of credit is a huge benefit for us. The funding
gives us the ability to guarantee production of our newly committed sales,
regardless of the order size."
Prime Star Group's CEO, Roger Mohlman, added, "Prime Star Group is
dedicated to the growth of the Wild Grill Brand and this line of credit
will facilitate the growth in production we are experiencing."
About Wild Grill Foods, Inc.
Wild Grill Foods, Inc. is a manufacturer of healthy, gourmet seafood
products designed to give consumers the type of foods they desire, yet at a
price point that is affordable. With the increasing consumer demand for
healthier lifestyle food and gourmet flavors, Wild Grill produces seafood
items such as Lobster, Salmon and Shrimp Fusion Sliders and Mahi-Mahi,
Pacific Salmon, and Ahi Tuna Fish Burgers, which are high in healthy
Omega-3 fatty acids and taste great. All products are gluten free, dairy
free, all natural and contain no preservatives.
About Prime Star Group
Prime Star Group, Inc. is a holding company that focuses on four areas of
business: SmartPax Packaging, Premium Food & Beverage Products,
Distribution, and Risk Management. The company's operating subsidiaries
produce, market, and distribute wines, tea, adult mixed beverages, flavored
water, and gourmet seafood products. The company also produces co-brand and
co-pack existing high-end beverages and private label liquors for large
hospitality and entertainment brands. Prime Star is focused on the food and
beverage, entertainment, hospitality, risk management, healthcare and
disaster relief industries.
Forward-Looking Statements - Safe Harbor
This release contains statements that constitute 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. These statements appear in a number of places in this release and
include all statements that are not statements of historical fact regarding
the intent, belief or current expectations of Prime Star Group, Inc., its
directors or its officers with respect to, among other things: (i)
financing plans; (ii) trends affecting its financial condition or results
of operations; (iii) growth strategy and operating strategy. The words
"may," "would," "will," "expect," "estimate," "can," "believe," "potential"
and similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, many of which are beyond Prime Star Group,
Inc.'s ability to control, and that actual results may differ materially
from those projected in the forward-looking statements as a result of
various factors. More information about the potential factors that could
affect the business and financial results is and will be included in Prime
Star Group, Inc.'s filings with the Securities and Exchange Commission.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1109683
CONTACT:
for Prime Star Group, Inc. Public Relations
Dan Schall
(858) 240-7873
on the web at www.PrimeStarGroup.net
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