SOURCE: 7 Star Entertainment, Inc.

October 10, 2013 08:00 ET

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.

Contact Information