SOURCE: Prime Star Group, Inc.

October 13, 2009 08:30 ET

Prime Star Group Introduces Arcina Risk Group

Wholly Owned Subsidiary to Focus on Claims Advocacy and Case Management

LAS VEGAS, NV--(Marketwire - October 13, 2009) - Prime Star Group, Inc. (OTCBB: PSGI) is pleased to introduce its wholly owned subsidiary, Arcina Risk Group. This business unit is dedicated to providing complex claims advocacy, case management solutions, and the recovery and preservation of insurance assets for Fortune 1000 companies, legal and accounting firms, municipalities and non-profits. Headquartered in Los Angeles, California, the company has consultants and operations in Orange County, San Francisco, Seattle, Chicago, and the New York City metropolitan area.

The Arcina Risk Group will provide the following services:

--  Claims Administration and Advocacy
--  Insurance Asset Review, Recovery and Preservation
--  Historic Insurance Archaeology and Solvency Services
--  Electronic Policy Libraries
--  Data Management, Repository, and Storage
--  Financial Management for Mass Tort and Complex Liabilities
--  Insurer Solvency Monitoring and Recovery
--  Customized Settlement Support Software and Database Design
    

Doug Deutermann, President of Arcina Risk Group, stated, "The economical climate has created an increased demand for our services as companies, municipalities, and non-profits look to avoid litigation yet expect remuneration from their insurance programs. We are well positioned to offer expertise and service while providing quicker delivery and implementation in conjunction with a value-based pricing model over our competitors."

Roger Mohlman, President of Prime Star Group, stated, "The Prime Star Group is excited at the potential that lies with Arcina. As this business unit grows domestically, we intend to reinvest in the operation to include additional risk management consulting services and expand into the European and Asian markets for increased revenue."

About Arcina Risk Group

Arcina Risk Group's mission is to protect our clients' assets, as they are the health of any organization. Without strict vigilance, a company may render itself exposed. The company's professional relationships, complex claims and litigation support expertise together with technology innovations provide clients with unwavering advocacy and value-based solutions to preserve and recover assets. Our experts have been instrumental in recovering millions of dollars for clients and delivering favorable results in large complex litigation.

About Prime Star Group

Prime Star Group, Inc. is a holding company that focuses on three areas of business: SmartPax™ Packaging, Premium Food & Beverage Products, and Distribution. 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, risk management, 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:
    for Prime Star Group, Inc. Public Relations
    J.M. Gonzalez
    702-448-1860
    or visit our website: www.PrimeStarGroup.net