Prime Star Group Names Industry Veteran to Key Post
03 Dicembre 2009 - 3:41PM
Marketwired
Prime Star Group, Inc. (OTCBB: PSGI) is pleased to announce that it
has appointed Craig H. Dennis as Chief Operating Officer of its
wholly owned subsidiary, Global Fine Wine & Spirits, Inc. Mr.
Dennis is an industry veteran with deep roots in the wine industry.
Since 1971, the Dennis family has been a staple of the wine
industry in the San Joaquin Valley of California. For the past 8
years, Dennis Farms, under Mr. Dennis' leadership, has been
responsible for expansion and diversification of the 337 acres
under production which has led to increased profit margins year
over year. The 2009 harvest delivered to the wineries 8,835,060
pounds of grapes. Fully 30% of these grapes were made into wine and
exported to Europe through Constellation Brands, Inc. The bulk of
the production was used in domestic wines under contract with E
& J Gallo Winery and The Wine Group.
Craig Dennis, Chief Operating Officer for Global Fine Wine &
Spirits, Inc, stated, "I am honored and excited to be asked to
serve as a member of the Global Fine Wine executive team. The
company is extremely well positioned to maximize its revenue
projections for the coming years as it develops its business
through our current domestic and international partners and
clients."
Roger Mohlman, President of Prime Star Group, stated, "Having
Mr. Dennis join us as a key member of Global Fine Wine &
Spirits provides our organization with a proven leader and industry
veteran. His expertise and abilities have become instant assets to
the company. Global Fine Wine & Spirits will be able to realize
its potential and have its revenue model mature quicker than
previously anticipated. We are thrilled to have Mr. Dennis as a
member of our team."
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, 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.
CONTACT: Prime Star Group, Inc. Public Relations Dan Schall
(858) 240-7873 or on the web at www.primestargroup.net
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