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Prime Star Group Expands Into Caribbean Market


Published on 2009-11-16 05:48:18 - Market Wire
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LAS VEGAS, NV--(Marketwire - November 16, 2009) - Prime Star Group, Inc. (OTCBB: [ PSGI ]) is pleased to announce they have expanded their sales and distribution network into the Caribbean market place. On November 12, 2009 Prime Star Group received its initial purchase order from Isla Nena Distributors for over 20,000 cases of its exclusive beverage products to be distributed in Puerto Rico. The order includes Fling, Hemp-C Iced Tea, and Vintner's Private Reserve. This initial order will generate over $500,000 in revenue for the first quarter of 2010.

Roger Mohlman, President of Prime Star Group, stated, "Working with Isla Nena Distributors is part of our long term plan to expand our distribution network domestically and abroad. Establishing distribution in Puerto Rico increases sales within the United States and provides an excellent staging area for expansion into international beverage markets. We are confident our products will do well with the consumers in Puerto Rico."

"The Prime Star beverage product lines are superior in branding, taste, quality and price point. Isla Nena is pleased to be the first to offer these innovative products to the Caribbean market place," said David Maldonado, President of Isla Nena Distributors.

About Prime Star Group

Prime Star Group, Inc. is a holding company that focuses on four areas of business: SmartPaxTM Packaging, Premium Food & Beverage Products, and Distribution. 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, 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.