LAS VEGAS, Nov. 15, 2004 (PRIMEZONE) -- Nu Star Holdings, Inc. (Pink Sheets:NSHJ) is pleased to announce a landmark in its ongoing business strategy. Alcor Software, a subsidiary of Nu Star, has finalized talks and secured a contract with Calyx of Dublin Ireland, www.calyx.ie. Calyx is a major Value Added Reseller and has a significant presence throughout Europe. The contract provides Calyx with an e-commerce procurement solution for their Novell customer base. Novell (Nasdaq:NOVL) is the leading provider of information solutions with operations worldwide, www.novell.com. Alcor will be instrumental in automating and facilitating technology purchases for Calyx and Novell.
Brad Morley, President of Alcor Software stated, "We are very excited about the opportunities that this contract with Calyx represents. They are truly a premier Value Added Reseller, with a client list that includes the biggest and best companies throughout Europe. This moves Alcor to the next level of business operations. This milestone is just the beginning of our international sales strategy."
Nu Star Holdings, Inc. has three wholly owned subsidiaries: Bridge Technologies, Alcor Software, Inc. and Judgement Recovery Service.
For further information, please visit our web site at www.nustarholdings.com or contact Isaac B. Morley of Nu Star Holdings, Inc., +1-801-414-8130.
CAUTIONARY STATEMENT: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements." All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. Penny stock investments are risky, with no guarantees of market for the securities. Investors are cautioned to proceed only after obtaining advice from investment professionals.