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    LSTA - 0,007 $ - 600% Entertainment mit Ansage... - 500 Beiträge pro Seite

    eröffnet am 29.09.03 20:04:49 von
    neuester Beitrag 23.12.03 17:40:06 von
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      schrieb am 29.09.03 20:04:49
      Beitrag Nr. 1 ()
      LIVESTAR ENTERTAINMENT (LSTA) hat bei einem Kurs von 0,0065$ am 26.08.2003 folgende NEWS veröffentlicht:

      Entertainment Investment Group Begins Process to Acquire LIVESTAR at $0.05 - $0.07/Share

      VANCOUVER, BC, Aug. 26, 2003 (MARKET WIRE via COMTEX) -- LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") (OTC BB: LSTA) today announced that it has executed a Memorandum of Understanding ("MOU") with an entertainment investment group of businessmen led by The Sequel Nightclub owner, Terry Lall (the "TCAL Investment Group" or "TCAL") to offer to purchase a majority of the outstanding shares of LIVESTAR. Current discussions with TCAL include a planned purchase offer of between $0.05 - $0.07/share and these discussions include the executing of major plans for the Company. The Sequel Nightclub (the "Sequel") is the first nightclub LIVESTAR is in the process of acquiring according to its report on Form 8-K filed with the U.S. Securities and Exchange Commission on August 11, 2003.

      According to the Founder, President and CEO of LIVESTAR, Mr. Ray Hawkins: "Since we first formed plans to acquire the Sequel in September of 2002, Mr. Lall and Company management have developed numerous strategies to make LIVESTAR the premier nightclub oriented live entertainment company in North America and then the world. The future plans of LIVESTAR beginning with the numerous developments that have been taking place have prompted the TCAL Investment Group to move up the timeline for its possible plans to bid for a controlling interest in LIVESTAR. "

      According to Mr. Terry Lall, founder of The Sequel, "The value of the LIVESTAR business plan and the acquisitions that are being negotiated currently present an opportunity to act now rather than later. According to our research, the House of Blues is a company that generates 100`s of millions of dollars a year with a similar business model to LIVESTAR. If we can successfully develop LIVESTAR to achieve just a portion of the House of Blues revenue base, we feel our move will be correct and the shareholders will be pleased. Over the upcoming 18 months, LIVESTAR plans to make major changes including the addition of new management, additional board members and standards committees, the acquisition of other major properties and brands, a possible application to be listed on a higher tier market and even the possible development of a real estate division to purchase the underlying property assets of the entertainment establishments of the Company."

      The Company has conducted its initial due diligence and is satisfied with the resources available to Mr. Lall to make a successful bid for a controlling interest in LIVESTAR. A complete due diligence and subsequent closing period has been stated as 60 days from the date of the MOU. Terms of the MOU also provide for financing for the Company.

      TCAL`s expected offer remains subject to the parties successfully satisfying their respective due diligence requirements and reaching definitive agreements on the offer price and future plans for the Company. Upon the hopeful execution of a definitive agreement with the TCAL Investment Group the details and process of the offer will be provided for in a further press release and information statement to the shareholders and the public.

      Mr. Lall also stated, "Mr. Hawkins and the other members of the LIVESTAR team have done a commendable job taking the Company from a difficult position to one with much promise. And the shareholders have been very patient. The business plan and proprietary concepts that LIVESTAR has developed are very unique and possess tremendous future value. It is time to improve the quality and chances of success for LIVESTAR by increasing its resources and internal skill sets and take an aggressive stance in its growth to ultimately add shareholder value."

      In closing, Mr. Hawkins stated, "We are very pleased Mr. Lall and TCAL have decided to make LIVESTAR the home for their plans. Starting with the Sequel and other projects, LIVESTAR plans to rapidly execute its business plan. Management expects the majority of these efforts will commence in the final quarter of 2003 although many moves have already been initiated awaiting funding and execution. We believe the next 12 to 24 months are poised to be fruitful for the Company, thanks to the commitment of Mr. Lall and the TCAL Investment Group."

      ABOUT LIVESTAR ENTERTAINMENT GROUP, INC.

      The core business of LIVESTAR Entertainment Group, Inc. is the development of entertainment entities, specifically; Liquor Licensed Entertainment Establishments (namely nightclubs and lounges) and Live Entertainment (concerts and special events).

      Statements contained herein that are not based on historical fact are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. LIVESTAR Entertainment Group, Inc intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause LIVESTAR Entertainment Group, Inc`s. actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in LIVESTAR Entertainment Group, Inc.`s applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at www.sec.gov.

      SOURCE: LIVESTAR Entertainment Group Inc.

      Kernpunkt ist die Übernahme von LSTA innerhalb von 60 Tagen, also bis zum 26.10.2003. Der Kurs ist an diesem Tag von 0,0065$ auf 0,019$ hochgeschossen...

      Heute gab es diese NEWS:


      LIVESTAR Entertainment Group Inc. Announces It has Assumed Certain Management Duties of Sequel Nightclub & Lounge and Provides Update Regarding Sequel Acquisition

      VANCOUVER, BC, Sep. 29, 2003 (MARKET WIRE via COMTEX) -- LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") (OTC BB: LSTA) today announced that it has assumed certain management duties of the Sequel Nightclub & Lounge ("the Sequel") in preparation of its pending acquisition and future development plans. The Sequel is the first lounge LIVESTAR is in the process of acquiring according to its report on Form 8-K filed with the U.S. Securities and Exchange Commission ("SEC") on August 11, 2003 (the "Sequel Acquisition").

      The Sequel, based in Toronto, is an upscale venue viewed as a top hotspot in the Toronto nightclub scene. It has quickly become the focus of attention by music and entertainment observers and has attracted numerous articles from the entertainment press due to its fashionable decor, hip ambience and sold out weekends.

      According to the Founder, President and CEO of LIVESTAR, Mr. Ray Hawkins, "The Company and Mr. Terry Lall, founder and present owner of the Sequel, are committed to closing the acquisition of the Sequel on or before the closing date. With this in mind, certain members of the LIVESTAR team (management and consultants) have begun to get further familiarized with the Sequel operations, by assuming certain management duties, to enable the drafting of the strategic growth plan for the Sequel. In addition, the LIVESTAR team will use this opportunity to further the development of the SEQUEL System, a template for the development of the Sequel chain throughout North America."

      According to Mr. Terry Lall, founder of the Sequel, "Aggressive growth is what we have planned for LIVESTAR and with time being of the essence, although forward looking, we collectively feel it is productive for LIVESTAR to complete, as soon as possible, the designing the SEQUEL System that other potential joint venture parties throughout North America will utilize to develop a local Sequel. "

      Bob Fidler, the Company`s consulting Managing Director, commented, "I look forward to being intimately involved in the mapping out the Sequel operations for growth planning purposes and the designing of the Sequel System. Although the Sequel Acquisition is not closed, as of yet, it may prove to be insightful to accelerate the process of developing the Sequel System as a continuance of the Company`s development plans."

      The Company also announces that the closing date of the Sequel Acquisition has been amended from September 29, 2003 to October 29, 2003. An Addendum to the Agreement and Plan of Acquisition and subsequent amended Form 8-K regarding the above mentioned Form 8-K has been filed with the SEC to reflect this change in closing date.

      ABOUT LIVESTAR ENTERTAINMENT GROUP, INC.

      The core business of LIVESTAR Entertainment Group, Inc. is the development of entertainment entities, specifically; Liquor Licensed Entertainment Establishments (namely nightclubs and lounges) and Live Entertainment (concerts and special events).

      Statements contained herein that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. LIVESTAR Entertainment Group, Inc intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause LIVESTAR Entertainment Group, Inc`s. actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in LIVESTAR Entertainment Group, Inc.`s applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at http://www.sec.gov.

      SOURCE: Livestar Entertainment Group, Inc.

      Umsätze sind gigantisch, aber da wird erst mal nur geschoben...das ist ein trade mit Ansage!


      ;)

      GN
      Avatar
      schrieb am 30.09.03 20:51:48
      Beitrag Nr. 2 ()
      Hello!

      And why we go down???:eek:
      Avatar
      schrieb am 03.10.03 19:17:37
      Beitrag Nr. 3 ()


      ;)

      GN
      Avatar
      schrieb am 04.10.03 15:02:11
      Beitrag Nr. 4 ()
      Aktueller Kurs 0,0076$ bei +21 % und 16 Mio. Shares Umsatz...

      Kursziel: 0,05$ bis 25.10.2003...wenn die angekündigte Übernahme vollzogen wird.

      GN
      Avatar
      schrieb am 04.10.03 19:08:18
      Beitrag Nr. 5 ()
      jep, "wenn". ich verkaufe doch meinen nachtklub nicht, um wenige tage(!) später den käufer ernsthaft für den zehnfachen preis übernehmen zu wollen. da hätte ich mich ja selbst zu 1000% diluted. :laugh:

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      Avatar
      schrieb am 04.10.03 20:26:52
      Beitrag Nr. 6 ()
      @loss_pro

      Das sind zwei Vorgänge mit zwei verschiedenen Unternehmen. "The Sequel" ist der Nachtclub, der bei LIVESTAR einsortiert wird und dann wird das ganze von TCAL zum zehnfachen Preis übernommen...macht Sinn!

      ;)

      GN
      Avatar
      schrieb am 04.10.03 23:23:26
      Beitrag Nr. 7 ()
      Hi G.N.,die ganze story ist doch fuer Zementheads: .IMO :yawn: So long
      Avatar
      schrieb am 05.10.03 13:23:10
      Beitrag Nr. 8 ()
      lesen bildet:

      Entertainment Investment Group Begins Process to Acquire LIVESTAR at $0.05 - $0.07/Share
      Tuesday August 26, 7:00 am ET


      VANCOUVER, BC --(MARKET WIRE)--Aug 26, 2003 -- LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") (OTC BB: LSTA) today announced that it has executed a Memorandum of Understanding ("MOU") with an entertainment investment group of businessmen led by The Sequel Nightclub owner, Terry Lall (the "TCAL Investment Group" or "TCAL") to offer to purchase a majority of the outstanding shares of LIVESTAR. Current discussions with TCAL include a planned purchase offer of between $0.05 - $0.07/share and these discussions include the executing of major plans for the Company. The Sequel Nightclub (the "Sequel") is the first nightclub LIVESTAR is in the process of acquiring according to its report on Form 8-K filed with the U.S. Securities and Exchange Commission on August 11, 2003.


      mr lall verkauft also seinen nachtklub an LSTA, um dann mit geschäftspartnern für die majority der shares das zehnfache zu bieten? ein und derselbe typ. ausserdem dürfte er nach dem verkauf des nachtklubs die mehrheit der shares praktisch schon besitzen. also reines aktienpreisgepushe. wofür darfst du dir aussuchen.
      Avatar
      schrieb am 06.10.03 00:34:42
      Beitrag Nr. 9 ()
      Im Prinzip kann hier eine Verzehnfachung stattfinden, nur ein MOI ist nicht verbindlich, keiner kann den Deal, schon gar nicht zu diesen Preisen, garantieren.
      JEdenfalls ist LSTA zur ZEit ein extrem heißer Deal, Usätze steigen und in den letzten TAgen gab es oft einen Sprung nach oben, der am Ende derS eitzung fast wieder eliminiet war.
      Möglicherweise deckt sich hier jemand schon mal ein.

      Für den Wert spricht:
      - aktive Pressemitteilungen, die sich häufen
      - soll zum Preis von mindest. 0.05 übernommen werden, übernimmt selbst eine Firma (allein dies könnte den KUrs schon jumpen lassen)

      negativ:
      Der Sagende bei der zu übernehmenden Firma und der potenziellen LSTA übernehmenden istd er Gleiche.
      Das Internetangebot von LSTA ist mehr als Mau, eine bessere Schülerseite, wo ist das GEschäft ?

      Tipp:
      einen kurzen Trade wert, allein die anstehende Übernahme von Sequel wird den Kurs um mind. 50 % pushen, alles weitere ist Zugabe, Umsatzanstiege in den letzten Tagen lassen auf in Bälde anstehende (positive) News hoffen.
      Tut sich bis Ende Oktober nichts, sollte man noch zu den heutigen Kursen aussteigen können, es handelt sich also - übertrieben gesagt - um eine NULL-Risiko - Tenbagger-Chance, einen NRTC - Wert !!!!
      Avatar
      schrieb am 06.10.03 12:01:57
      Beitrag Nr. 10 ()
      @SYRAKUS

      Du hast es geschnallt...;)

      GN
      Avatar
      schrieb am 15.10.03 18:13:41
      Beitrag Nr. 11 ()
      0,0085..das sind +21,43% heute bei phantastischen Umsätzen...und das Übernahmeangebot soll bei 0,05-0,07 liegen!!!

      GN
      Avatar
      schrieb am 15.10.03 22:41:07
      Beitrag Nr. 12 ()
      Heute das war erst der Anfang, die wirklich wichtigen NEws werden bis spätestens Ende Oktober raus sein.
      Charttechnisch sieht der Wert nach dem heutigen Anstieg absolut TOPP aus, 0.01 bis 0.02 dürften schnell drin sein, vielleicht schon morgen !!!
      Avatar
      schrieb am 16.10.03 17:27:50
      Beitrag Nr. 13 ()
      0,011...das sind +27,91%...Umsatz bis jetzt 14 Mio. shares...wieder mehr als gestern...und die sechzig Tage bis zum Vollzug der Übernahme laufen noch bis zum 25.10.2003...:D

      @SYRAKUS

      Das wird noch ein cooler trade! Bester Gruß!

      GN
      Avatar
      schrieb am 16.10.03 21:01:52
      Beitrag Nr. 14 ()
      0,012...+36,05%...41 Mio. shares...

      ;)

      GN
      Avatar
      schrieb am 16.10.03 22:18:54
      Beitrag Nr. 15 ()
      48 Mill. shares am Ende des Tages

      Wenn ich die News richtig gelesen haben, müsste die Meldung, dass LSTA übernommen wird, vor der Meldung kommen, dass LSTA selbst eine Firma übernimmt.
      Bei einem Minimumgebot von 0.05 sind bis zum Monatsende somit mindestens noch 316 % drin.

      Der Chart sieht von Tag zu Tag besser aus, das Volumen signalisiert starkes Interesse.

      Bis denn
      Avatar
      schrieb am 17.10.03 18:46:16
      Beitrag Nr. 16 ()
      0,014...+16,67%...20 Mio shares...gibt heute neues Rekordvolumen...

      GN
      Avatar
      schrieb am 17.10.03 21:18:49
      Beitrag Nr. 17 ()
      0,018...+48,4%...49 Mio. shares...jetzt schon Rekord...und es werden sicher noch um die 60 Mio. Am 25.10. ist Stichtag...wenn die Übernahme vollzogen wird sehen wir mindestens 0,05...:D

      GN
      Avatar
      schrieb am 20.10.03 12:06:26
      Beitrag Nr. 18 ()
      Mal gespannt, wie es heute weitergeht...und falls jemand mitgezockt hat...Gewinne mitnehmen! Es besteht das Risiko, daß hier eine Luftnummer abgezogen wird und dann sind wir schneller wieder unten...na ihr wißt schon...ich habe am Freitag 25% rausgenommen, die ich zu 0,007 eingekauft habe...;)

      GN
      Avatar
      schrieb am 20.10.03 14:07:51
      Beitrag Nr. 19 ()
      Sieht nett aus...MMs stellen auf Level 2 bereits 0,02...:cool:

      GN
      Avatar
      schrieb am 20.10.03 22:49:49
      Beitrag Nr. 20 ()
      Den Gedanken mit der Luftnummer hatten heute wohl einige, ich glaub´s nicht so recht, der CEO würde ja mit seinen letzten statements völlig unglaubwürdig.
      Ich denke heute dies war erst einmal eine Korrektur, so erhöht sich das Potenzial bis 0.05 eben wieder.
      Avatar
      schrieb am 21.10.03 11:00:39
      Beitrag Nr. 21 ()
      @SYRAKUS

      Ich hätte ja auch alles verkauft, wenn ich nicht davon ausgehen würde, daß am Freitag die Killer-NEWS kommt...;)...liest Du das ragingbull-Board? Sehr interessant...

      GN
      Avatar
      schrieb am 21.10.03 17:46:25
      Beitrag Nr. 22 ()
      Interessant, kritisch sieht es stockpatrol:

      http://www.stockpatrol.com/schlock/articles/livestar2.html
      Avatar
      schrieb am 21.10.03 17:52:05
      Beitrag Nr. 23 ()
      @SYRAKUS

      Hab ich auch gelesen...ist natürlich was dran, was die Jungens sagen, aber ohne Risiko gibt es halt keine Vervielfacher...hast Du schon einen Plan für den exit?

      GN
      Avatar
      schrieb am 21.10.03 22:08:23
      Beitrag Nr. 24 ()
      HAbe heute einen ordentlichen Teil zu 0.013 liquidiert, Rest unter 0.10 oder über 0.5.
      Wenn weder noch und keine News, sicherheitshalber Ausstieg am Freitag.
      Avatar
      schrieb am 21.10.03 22:11:36
      Beitrag Nr. 25 ()
      @SYRAKUS

      Ich hoffe, Du hast wenigstens einen ordentlichen Gewinn gemacht? Ist ein guter Plan...ich bin mittlerweile mit 250K von 500K draußen...

      GN
      Avatar
      schrieb am 21.10.03 22:13:27
      Beitrag Nr. 26 ()
      Habe übrigens einen hochinteressanten Wert für dich:

      Was boomt zur Zeit ?: Flachbilschirme
      Welche Region boomt ?: China
      Was bringt Fantasie ?: Zusammenarbeit mit einem sehr
      Großen
      Kennzahlen ?: KGV ein Bruchteil des Wachstums
      Gepushe ?: fast unbekannt, kein Gepushe

      Wer erfüllt alle diese fünf Goldkriterien ?

      Proview, WKN 940599, haben vor ein paar Tagen Zusammenarbeit mit MOTOROLA bekanntgegeben.

      so long
      Avatar
      schrieb am 22.10.03 11:39:25
      Beitrag Nr. 27 ()
      @SYRAKUS

      Merci für den Tip!

      Sind übrigens am Montag im EMI empfohlen worden...bin dabei!

      GN
      Avatar
      schrieb am 23.10.03 22:11:22
      Beitrag Nr. 28 ()
      Heute 0,012...ganz gut! Habe neue Infos aus den USA...die Frist für die Übernahme läuft nach Angabe einer Quelle zum 29.10.03 ab...ABER...für diesen SA ist im "Sequel" ein riesiger event geplant...mal sehen...

      GN
      Avatar
      schrieb am 27.10.03 17:38:38
      Beitrag Nr. 29 ()
      LIVESTAR Entertainment Group Inc. Announces It Has Successfully Closed the Acquisition of the Sequel Nightclub & Lounge and Also Announces the Discontinuation of Investment Group Takeover Discussions
      Monday October 27, 9:45 am ET


      VANCOUVER, BC--(MARKET WIRE)--Oct 27, 2003 -- LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") (OTC BB: LSTA) today announced that it has successfully closed the acquisition of the Sequel Nightclub and Lounge ("the Sequel"). The Sequel is now the first lounge in LIVESTAR`s network of operating liquor-licensed establishments.
      The Sequel, based in Toronto, is an upscale venue viewed as a top hotspot in the Toronto nightclub scene. It has quickly become the focus of attention by music and entertainment observers and has attracted numerous articles from the entertainment press due to its fashionable décor, hip ambience and sold out weekends.

      According to the Founder, President and CEO of LIVESTAR, Mr. Ray Hawkins, "Our commitment and diligent effort towards the acquisition of our first revenue producing entertainment facility has paid off, with the Sequel now being an official part of LIVESTAR. We feel this is an important and exciting milestone for LIVESTAR and its patient shareholders. We will now begin to build upon the success the Sequel has had, continue the development of the Sequel system with our team of employees and consultants to develop our planned chain of Sequel lounges, and work towards completing other acquisitions and development projects. We intend on making bold moves to establish our live entertainment business and we feel completing the Sequel transaction successfully is an indication of things to come."

      The acquisition will be accounted for as a 100% share purchase of the corporation that owns the Sequel business and assets. Terms of the acquisition are based on a cash and stock arrangement. LIVESTAR has purchased the Sequel with favourable terms that reduce our risk of capital, given the inherent risks of the business, while providing for an ROI that is realistically attainable. The Company expects to file an amended Form 8-K containing audited financial statements of the Corporation holding the Sequel assets with the U.S. Securities and Exchange Commission.

      According to Mr. Terry Lall, founder of The Sequel, "Since the execution of the letter of intent with LIVESTAR in September of 2002, I have worked diligently with LIVESTAR management to complete this transaction to the benefit of all parties involved. During that period we have seen the challenges LIVESTAR has overcome in transitioning to a live entertainment business. Their efforts should be commended and now that we have closed the Sequel acquisition, I feel this is just the beginning and with continued commitment, effort and patience, positive results are very possible for LIVESTAR to attain over time. Combining the success the Sequel has achieved to date with the LIVESTAR vision and its innovative entertainment network concepts, we believe will provide a foundation for LIVESTAR to quickly become a leader in our projected market areas in the live entertainment business. I am proud to say that with this closing, the Sequel will be the first in a network of entertainment establishments, namely nightclubs and lounges, which LIVESTAR plans to develop."

      The Company also announces today that, upon the conclusion of due diligence, the TCAL Investment Group ("TCAL") and the Company have mutually agreed to discontinue discussions regarding the previously announced proposed possible tender offer of a majority of the outstanding shares of the Company.

      Although discussions between the Company and TCAL were productive, both parties were unable to come to terms on key items for the future plans of the Company. Despite the discontinuation of takeover discussions, both parties are continuing talks in regards to joint venturing on entertainment projects, or TCAL providing or arranging capital for future LIVESTAR ventures.

      ABOUT LIVESTAR ENTERTAINMENT GROUP, INC.

      The core business of LIVESTAR Entertainment Group, Inc. is the development of entertainment entities, specifically; Liquor Licensed Entertainment Establishments (namely nightclubs and lounges) and Live Entertainment (concerts and special events).

      Statements contained herein that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. LIVESTAR Entertainment Group, Inc intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause LIVESTAR Entertainment Group, Inc.`s actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in LIVESTAR Entertainment Group, Inc.`s applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at http://www.sec.gov.



      Contact:
      Contact:
      Investor Relations
      investors@livestar.net
      Phone: 604-682-6541
      Please visit our website: http://www.livestar.net
      Avatar
      schrieb am 23.12.03 17:40:06
      Beitrag Nr. 30 ()
      LIVESTAR Entertainment Group Inc. Signs Letter of Intent to Acquire Manhattan Restaurant of La Jolla to Build Revenue Base



      LIVESTAR Entertainment Group Inc.(NASDAQ-OTCBB:LSTA) ("LIVESTAR" or the "Company") (OTC BB: LSTA) today announced that it has signed a letter of intent to acquire the Manhattan Restaurant of La Jolla, CA. LIVESTAR is a company that aims to build a live entertainment business focused on a network of entertainment establishments (nightclubs, lounges, supperclubs) and Manhattan is scheduled to be the second establishment of the LIVESTAR network.

      Manhattan is an upscale dining and lounge establishment with a successful 17-year track record of customer satisfaction and revenue generation.

      The acquisition, which is subject to due diligence and final negotiations, is planned to be accounted for as a purchase of assets. However, other terms of the acquisition will not be announced until the acquisition has been finalized.

      Ray Hawkins, Founder, Chairman and CEO of LIVESTAR, commented, "Our discussions with the management of Manhattan has given us the confidence to execute an LOI and work towards finalizing a definitive agreement. The track record of the restaurant combined with the vision we both have for the future of Manhattan provides a great foundation to build upon."

      According to Mr. Wolf, co-owner and operator of Manhattan, "We have diligently worked with LIVESTAR management to come up with an acquisition structure and business plan moving forward that excites us. We feel confident a closing can be achieved and we look forward to having Manhattan as part of the LIVESTAR entertainment establishments network. We think that LIVESTAR has a bright future, especially due to its acquisition and development plans and we are pleased to bring our assets to aid in building LIVESTAR to its full potential."

      Mr. Ray Hawkins also added: "As previously noted, we are committed to building shareholder value through both acquisitions and new development and therefore the opportunity to add the successful Manhattan establishment to our planned establishment network is outstanding. We believe if we can get certain core building blocks, such as Manhattan`s, in place as early as possibly in the new fiscal we can begin to have an exciting year of development and growth in 2004 for the Company."

      ABOUT LIVESTAR ENTERTAINMENT GROUP, INC.(NASDAQ-OTCBB:LSTA)

      The core business of LIVESTAR Entertainment Group, Inc.(NASDAQ-OTCBB:LSTA) is the development of entertainment entities, specifically; Liquor Licensed Entertainment Establishments (namely nightclubs and lounges) and Live Entertainment (concerts and special events).

      Statements contained herein that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. LIVESTAR Entertainment Group, Inc(NASDAQ-OTCBB:LSTA) intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause LIVESTAR Entertainment Group, Inc.(NASDAQ-OTCBB:LSTA) `s actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in LIVESTAR Entertainment Group, Inc.(NASDAQ-OTCBB:LSTA) `s applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at http://www.sec.gov.

      Contact:
      Investor Relations
      investors@LIVESTAR.net
      Phone: 604-682-6541
      Please visit our website: www.LIVESTAR.net

      GN


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      LSTA - 0,007 $ - 600% Entertainment mit Ansage...