SOURCE: Tri-Star Holdings, Inc.

September 16, 2008 08:00 ET

Tri-Star Holdings, Inc. Announces Company Has Confirmed Lucky Linda Geologicial Reports, Board of Directors Calls Meeting to Finalize Dividend Details

FT. LAUDERDALE, FL--(Marketwire - September 16, 2008) - TRI-STAR HOLDINGS, INC. (PINKSHEETS: TSHL), a publicly traded company currently on the Over the Counter, announced that secondary tests began yesterday and confirm previous assay reports of the company's precious metal reserves in the Lucky Linda Claim. Yesterday, six independent samples produced high concentrations of gold and platinum confirming the company's existing reports on the 160 acre claim in Nevada. The samples themselves were core samples collected by Spooner & Associates to represent independent samples from various locations on site. The samples were in turn processed by Mr. Chastain, the metals analyst, for the purpose of independently verifying existing reports on the claim and estimates of the precious metals reserves there. Mr. Chastain, together with CEO Mr. Mellone and company Director Marxx, then watched as analysts from the University of Oklahoma verified the samples from each core yielding positive gold and platinum content. Management also announced that it is in negotiations to contract Mr. Chastain as a consultant and analyst to help the company maximize the recovery of its precious metals reserves, both during pre-permit recovery operations, and to instill long-term mine operation systems using his extraction refinery technologies.

CEO Anthony Mellone said, "The Board of Directors and I are very happy to have these positive, secondary results that attest to the accuracy of previous reports on the claim and our precious metals reserves. We will continue to analyze targeted locations on site to ascertain the highest concentrations of recoverable gold and platinum on the property for the benefit of the company and its shareholders. Obviously, we are excited to begin production as soon as possible, and we believe we will be better equipped to efficiently focus on the areas with the highest concentration yields."

Management also announced that the Board of Directors has agreed to convene a special meeting next week to finalize the details of the previously announced dividend it intends to distribute to company shareholders resultant of the sale of certain assets to Global TV Network. The Board has not set any record date, nor established any specific details of the dividend and intends to finalize and announce them following its special meeting.

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About Tri-Star Holdings, Inc.

Tri-Star Holdings, Inc. ("the "Company") is a diversified holding company developing and incubating undervalued or as-of-yet unknown technologies, businesses, and assets with massive potential for return on investment and increased shareholder value. Despite the downturned U.S. economy, the Company's developments are currently poised to mitigate exposure to risk in industries proven to perform amidst economic recession: the precious metals and medical industries.

Safe Harbor Provision

This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Rapid Fitness, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.

Contact Information

  • Contact:

    Anthony Mellone
    President & CEO
    Tri-Star Holdings, Inc.
    Email Contact