SOURCE: Tri-Star Holdings, Inc.

February 18, 2009 10:06 ET

Tri-Star Holdings, Inc. Announces New Corporate Streamlining

FT LAUDERDALE, FL--(Marketwire - February 18, 2009) - Tri-Star Holdings, Inc. (PINKSHEETS: TSHL) announced today that it has completed its corporate streamlining initiative which unveils a new seasoned management team and comprehensive product lineup for the international health industry.

Tri-Star's new CEO, Phil Matteis, stated today that, "This move is a continuation of our planned strategic agenda to become a recognized, first to market leader with our unique products and services. These products are enormously innovative, and targeted for phased rollout into the consumer health industry. By first leveraging our strong existing sales channels in the United States, Australia, Africa, the United Kingdom and China, we are poised for success with a strong, visible competitive advantage."

Mr. Steven Cohen, the company's new Executive Vice President, had this to say: "Some important growth acquisitions and other enhancements are on the horizon for Tri-Star. While these represent important planed strategic goals, they will place Tri-Star in a profitable, revenue-generating state in short order. Negotiations for integration are in the final stages so look for some important announcements regarding this soon. We have great manufacturing partners in the United States and the Orient and they are in lockstep with our tactical plans... this should prove to be an exciting year for our shareholders."

Sometime in March, Tri-Star's name will be changed to LyfeTec, Inc. A complement of impressive board members and advisors, with strong credentials have agreed to come aboard, including physicians, published authors, business and scientific professionals and others. While corporate headquarters will continue in Ft. Lauderdale, new offices were established in Dallas, Texas and another is planned to open in Hong Kong during management's trip there in late March.


Safe Harbor Provision

This news release includes Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities, 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 the company 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

  • Officers:
    Phil Matteis
    Chairman and CEO
    Steven Cohen
    Executive Vice President

    Phone: 954-772-2640
    Fax: 954-772-2643
    Email Contact