SOURCE: Big Star Media Group, Inc.

Big Star Media Group, Inc.

October 18, 2010 09:15 ET

Big Star Media Group Announces Reverse Stock Split

CLARKSDALE, MS--(Marketwire - October 18, 2010) -  Big Star Media Group, Inc. (PINKSHEETS: BMGI), temporarily (PINKSHEETS: BMGID) (the "Company"), a diversified entertainment and information distribution company, today announced that its board of directors has approved a 1-for-2500 share consolidation, or reverse stock split, that will become effective with the opening of trading on October 18, 2010. The primary objective in effecting a reverse stock split at this time is to better enable the Company to achieve a listing on the OTCQX exchange or the OTCBB exchange, and to enhance the tradability of the Company's common stock.

The Company's common shares will continue trading on the Pink Sheets and will begin trading on a split-adjusted basis at the opening of trading on Monday, October 18, 2010 under the ticker symbol, BMGID. The "D" will be removed after 20 business days and at such time the stock will continue to trade under the ticker symbol, BMGI.

The Company's management believes that in conjunction with the Company's recent initiatives, such as the project initiated with the BB Kings Blues Club chain, the reverse stock split will cause the Company's stock to trade at a higher price per share, which should enable the stock to be traded by more significant retail and institutional investors. The higher price per share should also benefit many shareholders and potential shareholders who have experienced limitations on the ability to purchase stocks that trade under one penny.

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:

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