SOURCE: 7 Star Entertainment, Inc.

October 09, 2013 16:30 ET

7 Star Entertainment Inc. Announces Update to Shareholders

Company Seeks to Expand Its Business Operations

FORT LAUDERDALE, FL--(Marketwired - Oct 9, 2013) - 7 STAR ENTERTAINNMENT, INC. (OTC Pink: SAEE) would like to take this opportunity to update shareholders about some recent company developments. As 7 Star Entertainment continues to expand its online social network websites and business, it will also seek to expand and diversify into new and exciting business sectors.

Says CEO Carl J. Conte, "There are a lot of exciting changes happening at 7 Star this year and we are determined to bring value and growth to our company and shareholders." 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. The management team is specifically looking at opportunities to diversify 7 Star's sources of revenue and acquisitions with unique technology and patent portfolios. The company believes this strategy should result in substantial growth and superior returns for current and future shareholders over the long term. Continues Conte, "We will continue to keep the shareholders updated and we are hopeful to begin making announcements in the very near future. On behalf of the management team, I'd like to thank the shareholders for their support and I look forward to presenting a new strategic vision and exciting new ventures to our loyal supporters."

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. 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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