SOURCE: StarMed Group, Inc.

April 06, 2007 14:37 ET

StarMed Group Terminates Asset Purchase Agreement With Radius WellCare Corporation

LOS ANGELES, CA -- (MARKET WIRE) -- April 6, 2007 -- StarMed Group, Inc. (OTCBB: SMEG) has elected to terminate the Asset Purchase Agreement, dated December 14, 2006, and any and all subsequent addendum and amendments thereof, by and between RADIUS WELLCARE CORPORATION and STARMED GROUP, INC., effective yesterday, April 5, 2007.

For more information, go to their detailed web site at www.starmedgroup.com

SAFE HARBOR STATEMENT: THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECTS INTERESTS, THE COMPANY'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS WHILE OBTAINING ADEQUATE FINANCING TO ENABLE THE COMPANY TO ACHIEVE ITS GOALS. THESE STATEMENTS ARE MADE UNDER THE SAFE HARBOR PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISK AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN.

Contact Information

  • Contact:
    Herman Rappaport
    CEO
    StarMed Group, Inc.
    310.226.2555