PHOENIX, June 9, 2006 (PRIMEZONE) -- PayStar Corporation (Pink Sheets:PYST) a Holding company, today announced Corporate updates for 1Q and 2Q 2006.
While activity within the company remains consistent with its new Mission statement to function as a Holding company, no changes in corporate management or owned assets has occurred during the previous six (6) months. Mr. Ronald Howard, President of PayStar Corporation is continuing to actively pursue the sale or acquisition of assets to strengthen the company's balance sheet.
Mr. Howard, President of PayStar Corporation said, "I have had many opportunities presented to me over the past six (6) months and have several possibilities in review at this time." Mr. Howard continued, "The goal as stated is to maximize the division assets remaining within PayStar and to look for suitable investments to bring long term stock enhancement to our shareholders."
About PayStar
PayStar Corporation (www.paystar.com) is rapidly becoming a diverse Investment Holding company in the self-serve industries of financial self-service products and kiosk technologies. Recent divestitures have given PayStar significant stock assets in Kiosk and prepaid ATM debit card (stored-value) companies. PayStar will continue to entertain divesting existing company division assets, while seeking out strategic Investments in the unbanked and self-serve related private and public companies.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases "would be," "would allow," "intends to," "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.