SOURCE: Tri-Star Holdings, Inc.

November 19, 2008 08:30 ET

Tri-Star Holdings, Inc. Announces Wickenburg Mine Operations Update

FT. LAUDERDALE, FL--(Marketwire - November 19, 2008) - TRI-STAR HOLDINGS, INC. (PINKSHEETS: TSHL) announced that several developments have taken place this week at the Company's gold placer mining claim on the Hassayampa River in Wickenburg, Arizona. CEO Anthony Mellone and Director of Security Gordon Graham have been on location all week overseeing placement of equipment, additional equipment purchases and conducting video interviews for public release. Azrock Mining arrived with the company's trammel refinery and assorted equipment for initial placement and operations. The equipment was placed for initial processing tests and Azrock officials, together with Mr. Mellone and Mr. Graham, began processing raw earth yesterday. The company also purchased a 2,300 gallon water truck to temporarily meet the on-site water needs of the processing operations until a well is established on the property. Management stated that operations will continue through the week and anticipate announcing its first production results early next week.

Additional details will be released online including video and photos of the site, operations and interviews.

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About Tri-Star Holdings, Inc.

Tri-Star Holdings, Inc. ("the Company") is a diversified holding company targeting developing and undervalued technologies, or businesses and assets with massive potential for return and increased shareholder value. Operating in two principal industries through its medical and noble & precious mining divisions, the company's primary goal is to continue to develop its diversified operations while acquiring further asset-based companies that are either generating revenues or have proven assets with the potential for large profit margins. The Company intends to position itself as a major participant across many markets, both domestic and foreign, as a global participant across its primary industries.

Safe Harbor Provision

This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Tri-Star Holdings, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.

Contact Information

  • Contact:

    Anthony Mellone
    President & CEO
    Tri-Star Holdings, Inc.
    Email Contact