SOURCE: Prime Star Group, Inc.

December 03, 2009 09:41 ET

Prime Star Group Names Industry Veteran to Key Post

Craig H. Dennis Appointed COO of Global Fine Wine & Spirits, Inc

LAS VEGAS, NV--(Marketwire - December 3, 2009) - Prime Star Group, Inc. (OTCBB: PSGI) is pleased to announce that it has appointed Craig H. Dennis as Chief Operating Officer of its wholly owned subsidiary, Global Fine Wine & Spirits, Inc. Mr. Dennis is an industry veteran with deep roots in the wine industry. Since 1971, the Dennis family has been a staple of the wine industry in the San Joaquin Valley of California. For the past 8 years, Dennis Farms, under Mr. Dennis' leadership, has been responsible for expansion and diversification of the 337 acres under production which has led to increased profit margins year over year. The 2009 harvest delivered to the wineries 8,835,060 pounds of grapes. Fully 30% of these grapes were made into wine and exported to Europe through Constellation Brands, Inc. The bulk of the production was used in domestic wines under contract with E & J Gallo Winery and The Wine Group.

Craig Dennis, Chief Operating Officer for Global Fine Wine & Spirits, Inc, stated, "I am honored and excited to be asked to serve as a member of the Global Fine Wine executive team. The company is extremely well positioned to maximize its revenue projections for the coming years as it develops its business through our current domestic and international partners and clients."

Roger Mohlman, President of Prime Star Group, stated, "Having Mr. Dennis join us as a key member of Global Fine Wine & Spirits provides our organization with a proven leader and industry veteran. His expertise and abilities have become instant assets to the company. Global Fine Wine & Spirits will be able to realize its potential and have its revenue model mature quicker than previously anticipated. We are thrilled to have Mr. Dennis as a member of our team."

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, 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.

Contact Information

  • CONTACT:
    Prime Star Group, Inc.
    Public Relations
    Dan Schall
    (858) 240-7873
    or on the web at www.primestargroup.net