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Prime Star Group Subsidiary Signs a Million Dollar Credit Line

^{Published on 2009-11-09 06:27:05 - Market Wire}
 

LAS VEGAS, NV--(Marketwire - November 9, 2009) - Prime Star Group, Inc. (OTCBB: [ PSGI ]) is pleased to announce that its wholly owned subsidiary, Wild Grill Foods, Inc., has a signed a contract for a million dollar credit line for the production of its Gourmet Fusion Sliders and other specialty seafood products.

Jerry Ludeman, President of Wild Grill Foods, Inc., says, "The signing of this million dollar line of credit is a huge benefit for us. The funding gives us the ability to guarantee production of our newly committed sales, regardless of the order size."

Prime Star Group's CEO, Roger Mohlman, added, "Prime Star Group is dedicated to the growth of the Wild Grill Brand and this line of credit will facilitate the growth in production we are experiencing."

About Wild Grill Foods, Inc.

Wild Grill Foods, Inc. is a manufacturer of healthy, gourmet seafood products designed to give consumers the type of foods they desire, yet at a price point that is affordable. With the increasing consumer demand for healthier lifestyle food and gourmet flavors, Wild Grill produces seafood items such as Lobster, Salmon and Shrimp Fusion Sliders and Mahi-Mahi, Pacific Salmon, and Ahi Tuna Fish Burgers, which are high in healthy Omega-3 fatty acids and taste great. All products are gluten free, dairy free, all natural and contain no preservatives.

About Prime Star Group

Prime Star Group, Inc. is a holding company that focuses on four areas of business: SmartPax Packaging, Premium Food & Beverage Products, Distribution, and Risk Management. The company's operating subsidiaries produce, market, and distribute wines, tea, adult mixed beverages, flavored water, and gourmet seafood products. The company also produces co-brand and co-pack existing high-end beverages and private label liquors for large hospitality and entertainment brands. Prime Star is focused on the food and beverage, entertainment, hospitality, risk management, healthcare and disaster relief industries.

Forward-Looking Statements - Safe Harbor

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Prime Star Group, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Prime Star Group, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Prime Star Group, Inc.'s filings with the Securities and Exchange Commission.