SOURCE: Tri-Star Holdings, Inc.

September 09, 2008 12:25 ET

Tri-Star Holdings, Inc. Announces Company Has Signed Contract to Confirm Lucky Linda Reports

FT. LAUDERDALE, FL--(Marketwire - September 9, 2008) - TRI-STAR HOLDINGS, INC. (PINKSHEETS: TSHL), a publicly traded company currently on the Over the Counter, announced the Company has signed a contract with Spooner and Associates to confirm Geological reports. Geologist Mr. Spooner has taken several core samples with GPS records for positioning logs. Mr. Spooner shall deliver the samples to analyst Mr. Chastain in Oklahoma. The Board of Directors plan to be there Wednesday to verify the existing reports and watch the process on the "Lucky Linda" claim's gold, silver and platinum reserves. The analyst Mr. Chastain will also specifically analyze each sample to target the area as to where the company should begin its preliminary round of extraction during the pre-permit round of metals recovery (within 900 tons of raw earth) allowed under Nevada State Law. The independent analysis of existing reports will help the company better quantify its precious metals reserves, target pre-permit recovery operations, identify long-term mine operation longevity and maximize operations efficiency and shareholder value. Management also announced that it is in negotiations with on-site contractors, and is presently purchasing lab and recovery equipment.

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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 Tri-Star Holdings, 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