SOURCE: Big Star Media Group, Inc.

Big Star Media Group, Inc.

September 16, 2010 09:13 ET

Big Star Media Group Announces $7M Reserve Equity Financing Agreement With AGS Capital Group

CLARKSDALE, MS--(Marketwire - September 16, 2010) -  Big Star Media Group, Inc. (PINKSHEETS: BMGI) (the "Company") a diversified entertainment and information distribution company, today announced a Reserve Equity Financing Agreement with AGS Capital Group (AGS). The agreement stipulates a commitment by AGS to purchase, over a period of five years, shares of Big Star Media Group common stock for cash consideration up to an aggregate of $7 million.

AGS Capital Chief Investment Officer, Allen Silberstein, noted, "Big Star Media represents the type of company that we are proud to include in our portfolio, and this funding plan will support their current operations by providing the necessary capital to proceed with their immediate initiatives and continuing the execution of their business plan. AGS has a track record of successfully helping companies grow, and we look forward to working closely with them to build sustainable value for their shareholders through a significant global business."

The Reserve Equity Financing provided by AGS represents cost effective and flexible financing that places Big Star Media Group in control of how and when it raises equity and debt.

About AGS Capital Group
AGS Capital Group provides debt and equity financing solutions for growth-stage and mature public companies as well as private companies looking to go public. With offices in New York, Hong Kong, and India, AGS Capital Group has facilitated the growth of companies within the U.S. and those domiciled in foreign markets around the globe.

About Big Star Media Group, Inc.
Big Star Media Group, Inc. is a multi-faceted entertainment and information distribution company focused on web-based presentations of live music events, the promotion of new musical talent, film production, and corporate messaging. Big Star Media Group holds several subsidiaries that are each focused on specific aspects of the Company's strategic plan, including: Big Star Live, Big Star Records, Big Star Informative Media, Big Star Films, and Big Star Communications. Its various entities focus on everything from the webcasting of live music events, to promoting new musical talent, producing film, and performing corporate messaging. For more information, please visit: www.bigstarmediagroup.com.

Forward-Looking Statements Disclosure
This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "will," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

Contact Information

  • Investor Contact:
    Jeff Skillen
    662-655-1002