SOURCE: Guardian Angel Group, Inc.

March 04, 2008 12:32 ET

Guardian Angel Group, Inc. (PINKSHEETS: GAGI) Announces Completed Restructuring Process

HOUSTON, TX--(Marketwire - March 4, 2008) - Guardian Angel Group, Inc. (PINKSHEETS: GAGI) announces completed restructuring process.

Qwoter.com assisted Guardian Angel Group, Inc. thru the following steps in the restructuring process which were completed on December 13th 2007.

On November 7, 2007, the board of directors of Lonestar Group Holdings called a "Special Shareholders" meeting to vote on and ratify the following (4) points; 1) That the corporation should petition the Secretary Of State (Nevada) to change its name to something more suited for the ongoing business. 2) That the corporation "reverse split" its common stock structure to bring inline the current share price to something more suitable to reflect the current asset value of the corporation. 3) For the corporation to cause Standard & Poor's to issue a new CUSIP number to reflect the current name and common stock structure change(s). 4) To inform NASDAQ, State, Federal and the corporation's Transfer Agent of all changes and produce all appropriate necessary corresponding board resolutions.

Actions and Results

On November 7th, 2007 with 57% of the common shares of the corporation represented all the above mentioned line items were voted and approved. On November 9th, 2007 the corporation's board of directors caused all appropriate resolutions to be enacted for the following: On November 9th, 2007 the corporation petitioned the Secretary Of State Of Nevada to change the current name of the corporation to Guardian Angel Group, Inc.

On November 19th, 2007 the corporation petitioned Standard & Poor's to issue a new CUSIP number to reflect the current name and common stock structure change(s) and subsequently on November 20th, 2007 those changes were ratified by Standard & Poor's.

On or about November 21st, 2007 the corporation petitioned NASDAQ and the corporation's Transfer Agent to reflect all the above ratified change(s).

On or about December 13th, 2007 the corporation's Transfer Agent & NASDAQ reflected all of the aforementioned changes to the corporation's structure.

About "Guardian Angel Group, Inc."

Guardian Angel Group, Inc.: "Recovering missing children in the most expedited manner is our only goal, by utilizing our 190 million cellular records as well as our Live Response Support we believe we can blanket a 100 mile radius of the reported victim (Missing Child) in about 30 min. while delivering key personal data such as picture, age, hair & eye color as well as last known location to our SMS database and local authorities."

Management conclusion: "An additional feature module of the system will allow our clients to track their asset (child) in real time while utilizing our 'Geo Fencing' technology to better track unwarranted movement of their child during the day." Our system is a complete tracking solution which can operate anywhere globally where GSM is available. We can now monitor an unlimited amount of targets, and display their location on maps with crystal clear detail right down to street level in "Real Time," this ground breaking technology will allow our users to track a number of Personal Assets including but not limited to children, pets, valuables, wildlife, probationers, parolees, sex offenders and much more.

The U.S. Department of Justice reports

* 797,500 children (younger than 18) were reported missing in a one-year period of time studied resulting in an average of 2,185 children being reported missing each day.

* 203,900 children were the victims of family abductions.

* 58,200 children were the victims of non-family abductions.

* 115 children were the victims of "stereotypical" kidnapping. (These crimes involve someone the child does not know or someone of slight acquaintance, who holds the child overnight, transports the child 50 miles or more, kills the child, demands ransom, or intends to keep the child permanently.)

Safe Harbor Statement

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

Contact Information

  • Company Contact Information:
    Guardian Angel Group, Inc.
    IR Contact e-mail: Email Contact
    Qwoter.com Tel: +1 281 255 9424 x 102
    Fax: +1 281 378 5945