SOURCE: Tri-Star Holdings, Inc.

October 17, 2008 10:19 ET

Tri-Star Holdings, Inc. Shareholder Update

FT. LAUDERDALE, FL--(Marketwire - October 17, 2008) - Tri-Star Holdings, Inc. (PINKSHEETS: TSHL) CEO Anthony Mellone issued the following statement as a shareholder update regarding the corporate structure, vision of growth, acquisition activities of the company, and progress of company efforts: "Tri-Star Holdings has undergone massive transformation over the past six months including a complete change in its business plan and activities as well as principal industries. During time that we have acquired new technologies, mineral rights and very valuable assets that we believe will generate significant shareholder value in both the short and long terms. These developments and acquisitions are diversified to include revolutionary medical technology as well as precious and non-precious minerals claims. Our industry diversity, coupled with increasing global diversity is intended to mitigate the company's exposure to economic risks inherent to specific industry and market conditions, and we are more than satisfied with our progress to this end in the past few months. From our emergency medical technology in the ERHU units -- the prototype of which shall be at or near completion by the end of this month -- to the acquisition of three copper mines and three gold mines with other prominent minerals including silver and platinum, we have amassed the critical potential necessary to develop this company on a much larger scale. The metals reserves to which we have acquired the rights are estimated to be valued well into the tens of billions of dollars now and we have initiated operations in Arizona as well as increased the strength of our team with strategic partners, advisers, contractors and geologists. Using 144 restricted stock and revenue sharing agreements, we have been able to acquire more than 80.0% of the rights to each of our mines with no money down on the claims, allowing us to allocate that capital to equipment, assaying, and operational start-up costs. With this first stage of growth continuing, and operations beginning, we have anticipated the need to retain further human resources with vast experience in all aspects of our industries, especially with the volatile yet increasing prices of precious metals. With this in mind, I have begun the process of negotiating with several CEO candidates to fill my office of CEO, in order to prepare the company to meet reporting and listing requirements of the OTCBB and/or other exchanges here in the states. Additionally, I have begun consulting with a firm regarding the potential dual listing of the company on London's AIM exchange. These are exciting corporate developments and as a shareholder myself, I feel that these developments will ensure enhanced shareholder value for all. The company is building strength, amassing assets and continuing developments despite the present economic conditions and we are doing our best to ensure that this trend continues as our structure becomes more complicated with increased operations and personnel, both domestically and internationally."

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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.

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