SOURCE: Tri-Star Holdings, Inc.

October 22, 2008 07:30 ET

Tri-Star Holdings, Inc. Announces Restructuring, Appoints Three New Officers

FT. LAUDERDALE, FL--(Marketwire - October 22, 2008) - TRI-STAR HOLDINGS, INC. (PINKSHEETS: TSHL) announced the Company has divested Amore TV as part of the company's corporate restructuring and vision of growth. Management cited the elimination of liabilities, and the increased focus demanded by the company's diversifying metals industry division as the basis of the move which it deemed to be in the best interest of company progress and shareholder value. Tri-Star management also announced that in connection with corporate restructuring, three new officers have been appointed by the company's board of directors: J. Rocky Hollingshead to the office of COO, Charles L. Ilvento to the office of CFO , and Scott Spooner to the office of Chief Geologist. Management stated that it anticipates announcing further management and Board of Directors changes next week and that all new management biographical details will be updated on www.tristarcorporate.com later today.

Tri-Star President & CEO Anthony Mellone enthused, "With increasing growth and progress comes increased responsibility, both as related to company developments and initiatives and to efficiency and shareholder value. We are immensely pleased with our developments at this phase of our restructuring and vision of growth, and are very excited to bring the vast experience of these gentlemen to Tri-Star Holdings. We have every confidence that our growing team will inevitably shape a preeminent future for the company, its subsidiaries and loyal shareholders."

About Tri-Star Holdings, Inc.: Tri-Star is a diversified holding company targeting developing and undervalued technologies, or businesses and assets with massive potential for return and increased shareholder value. Operating in two principal industries through its medical and noble & precious mining divisions, the company's primary goal is to continue to develop its diversified operations while acquiring further asset-based companies that are either generating revenues or have proven assets with the potential for large profit margins. The Company intends to position itself as a major participant across many markets, both domestic and foreign, as a global participant across its primary industries.

For more information, visit the company's websites www.tristarcorporate.com, www.tristargold.com and www.erhunit.com.

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