SOURCE: Prime Star Group, Inc.

January 04, 2010 08:00 ET

Prime Star Group Uncovers Identity of Anonymous Basher

LAS VEGAS, NV--(Marketwire - January 4, 2010) - Prime Star Group, Inc. (OTCBB: PSGI) is pleased to announce that it has discovered the identity of the anonymous poster known as DudleyDoRight and Sky-King on the internet financial sites of InvestorsHub, Yahoo and RagingBull. The basher, who primarily posts on, is an individual known as David W. Pippy, an employee of the Illinois State Comptroller's office located in Springfield, Illinois. Mr. Pippy has acknowledged to the CEO of Prime Star that he is the anonymous poster.

Mr. Pippy posted on the government computer during regular business hours with the alleged purpose of driving down the price of PSGI and other publicly traded companies. Legal Counsel for Prime Star Group alerted the Illinois State Comptroller's office. The office's staff investigated Mr. Pippy's computer after he admitted to using it to post his comments, and their office has elected to turn the matter over to the SEC instead of pursuing the matter further themselves.

PSGI plans to pursue all legal remedies against David W. Pippy and others involved in this attack on the company and any attempt to manipulate stock. Roger Mohlman, CEO of PSGI, said, "It is apparent to anyone who reads these boards that my family has been victims of a concentrated attack by cowardly individuals using anonymous names to try and mask their identities and tortuously interfere with the business of our company.

"I would like to thank PSGI's valued shareholders and let them know that in spite of the three year attack on my family and me, the company, its officers and directors, I am committed to continue to move this company forward and I appreciate the continued support of all my shareholders and suppliers and I'm looking forward to implementing what PSGI has on schedule for 2010."

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

    for Prime Star Group, Inc. Public Relations
    Dan Schall
    (858) 240-7873
    on the web at