Will Spearhead Company's Transition Following Change in Control 

MIDDLETOWN, Del., Aug. 15, 2022 /PRNewswire/ -- International Star, Inc. (OTC:ILST) (the "Company") today announced the recent appointment of Mr. Nochum Greenberg as the Company's interim Chief Executive Officer and its Chairman of the Board.  Together with the incoming management team, Mr. Greenberg will spearhead the Company's transition, oversee its repositioning, and execute its strategic plan. Management's vision for the Company is to merge with or acquire revenue producing and cash flow positive target companies. Announcements on that front are forthcoming, and the Company expects to announce our initial transaction within the next two weeks.

Mr. Greenberg commented, "We are very excited about our plans for International Star's future.  We intend to shape an organization that will effectively achieve its vision and purpose and, ultimately, expand the Company's business and maximize its value.  We will provide further disclosure of our plans to our shareholders and the general public as soon as possible. We are aware that there are many eager and devoted shareholders out there and we thank you all for your support. We want to thank Caren Currier for aiding in transaction, and her guidance while administrative tasks were dealt with."

New forms of communication are being made available:

  • A new company twitter handle: @ilstinc
  • A new company website: www.ilstinc.com
  • New email addresses: info@ilstinc.com; legal@ilstinc.com;

Information about ILST can be found at:

  • http://www.otcmarkets.com/stock/ILST/filings

ABOUT INTERNATIONAL STAR 
International Star Inc. has historically been focused on mineral property interests. In June 2022, a controlling stake in International Star was acquired by ILST Holdco LLC.  Under its new management, the Company's strategic objective is to acquire, merge with and build revenue and cash flow producing companies in order to create successful and financially robust enterprise which will consistently create and build stakeholders' value.

Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include but are not limited to: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.

 

 

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SOURCE International Star, Inc.