Packaging

Prime Star Group Inc. Sells 40% of Its Gourmet Fusion Seafood, Inc. Subsidiary to Isaac Capital Group LLC for Cash and Line of Credit

Tuesday 16. November 2010 - Prime Star Group Inc. (PINKSHEETS: PSGI) is pleased to announce that it has sold 40% of one of its wholly owned subsidiaries to Isaac Capital Group, LLC., located in San Diego, California. The 40% ownership stake was sold for cash and a line of credit for the production of its GOURMET FUSION SLIDERS.

Roger Mohlman, Prime Star CEO, says, “We are very pleased to have this opportunity to partner with such an outstanding and successful international organization as the Isaac Capital Group, LLC. This relationship will allow our subsidiary, Gourmet Fusion Seafood, Inc., to continue its expansion with its team of nationwide distributors. PSGI will retain management of the subsidiary and Isaac Capital Group will receive substantial equity for their investments. It’s a win-win situation.”
Jerry Ludeman, President of the newly renamed, Gourmet Fusion Seafood, Inc., stated, “The insight and resources offered by Isaac Capital Group will really speed the manufacturing and distribution of our fabulous seafood products to a much larger demographic. We value the opportunity that Isaac Capital has given us and are thrilled about the prospects in the short and long term.”
“Gourmet Fusion Seafood, Inc. markets and manufactures a line of innovative, healthy and delicious products and we are excited to become part of this family,” said Jon Isaac, the President of The Isaac Capital Group LLC. “We feel the company’s new name reflects an upscale, quality product that the company offers and we are pleased with the direction and potential growth of Gourmet Fusion Seafood. We are excited to be in on the ground floor of this dynamic new enterprise.”