Xtreme Companies (fka XTME)

[Golden Cross]

SERG: Star Energy Engages Swiss Private Placement Agent
Monday May 15, 3:00 am ET


SALT LAKE CITY--(BUSINESS WIRE)--May 15, 2006--Star Energy Corporation ("Star") (OTCBB:SERG - News) today announced the engagement of First Capital Invest Corp. as lead placement agent in a private equity offering of Star common stock. Star intends to offer units comprised of common stock and purchase warrants to realize $3,500,000. Proceeds of the offering are to be used to finance Star's initial obligations to develop the Mohican River field pursuant to a letter of intent with Terrabyte, LLC.
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First Capital Invest Corp. is an investment banking and management consulting firm based in Zurich, Switzerland, that introduces small public companies to prospective investors interested in debt and equity private placements.

Star intends to acquire Terrabyte, LLC. (www.terrabytellc.com), an oil and gas exploration company which is positioned to initiate an enhanced secondary recovery water flood development to produce oil from the Mohican River field located in the vicinity of the Perry Township in Ashland County, Ohio. The acquisition remains subject to Star's satisfaction of certain financing commitments and the execution of a definitive agreement.

Star is an independent oil and gas company involved in the exploration, development, production and sale of oil and natural gas.