Prime Star Group's Wild Grill Foods, Inc. Receives 1 Million Dollar Factoring Line of Credit
13 Agosto 2010 - 4:30PM
Marketwired
Prime Star Group, Inc. (PINKSHEETS: PSGI) is pleased to announce
Wild Grill Foods, Inc., a Prime Star Group wholly owned subsidiary,
has received a One Million Dollar ($1,000,000.00) factoring line of
credit from JD Factors.
Wild Grill Foods, Inc's President, Jerry Luderman, stated, "We
are very pleased to be doing business with JD Factors and are
excited to continue to make the Wild Grill family of products
accessible to every consumer through national and regional
retailers. JD Factors is an excellent company with an outstanding
reputation. We are extremely excited to be doing business with
their dynamic team. Wild Grill remains focused on manufacturing
high quality seafood that tastes great at an affordable price
point. This agreement ensures that we can meet the needs of our
customers and continue with our operational growth. We have
finished our research and development on our highly anticipated
Gourmet Seafood Sliders and have shipped samples to all of our
biggest customers. We have had tremendous response."
Prime Star Group's CEO, Roger Mohlman, added, "Prime Star Group
is thrilled at the growth of Wild Grill and we are committed to the
continued expansion of the business unit."
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, 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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