HENDERSON, Nev., April 21, 2005 (PRIMEZONE) -- International Star, Inc. (Pink Sheets:ILST) today announced that the company is in the process of listing its common stock on the Over The Counter Bulletin Board (OTCBB), along with retaining the services of a corporate attorney. Currently, the company's common stock trades on the Pink Sheets. The anticipated OTCBB listing of the company's stock is another step in increasing liquidity and value for its shareholders.
Returning ILST Shares to Listing and Trading on the OTCBB
Pursuant to the completed filing of the previous two years' financial reports with the SEC, International Star, Inc. has returned to fully reporting status with the SEC and is eligible for listing on the OTCBB. To reach this goal, the company has engaged Propalo Enterprises, Inc., a corporate regulatory advisory company, to prepare a Form 211 "Due Diligence Package" - the compilation of all information required for the development of a Form 211 and application to be filed with the NASD for listing on the OTCBB. Propalo will also assist in locating Market Makers to submit the Form 211 on behalf of the company and to quote ILST common stock.
Corporate Counsel Retained
In conjunction with the application to be filed with NASD for International Star to be listed on the OTCBB, the company is pleased to announce it has retained the services of Marcus A. Luna, Esq., Attorney and Counselor at Law, in Henderson, Nev. as its corporate attorney. Luna will also handle all "Letter of Opinions" to be filed as part of the process of removing restrictions from common stock purchased from International Star under Rule 144. All contact with Luna will be made through the company office, or the transfer agent, STALT, Inc.
NOTE: This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results to differ materially from forecasted results.
More information is available by contacting Dottie Wommack McNeely at (702) 897-5338.
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