SSET @ .06: Tot. shares 16M..Spinning off SPAC just like LMFA.
Starstream Entertainment's Starstream SPAC Holdings Corp Targeting Strategic Acquisitions
New Smyrna Beach, Florida--(Newsfile Corp. - January 14, 2021) - Starstream Entertainment Inc. (OTC PINK: SSET) announced in a Company press release dated December 2, 2020 that the Company recently formed Starstream SPAC Holdings Corp in order to facilitate the Company's aggressive growth initiative within the burgeoning $153 Billion staffing industry.
Starstream SPAC Holdings Corp ("SPAC") was formed and launched to be used as an acquisition vehicle to identify and target business acquisition candidates. The Company will be targeting businesses within the staffing industry that provide scalable growth opportunities with the business combinations.
Carla Rissell, CEO of Starstream Entertainment Inc. stated, "The Company has been speaking with and reviewing several potential acquisition candidates. We are looking at acquisition candidates that will either compliment or enhance our current business operations in order to maximize growth and shareholder value. We believe that the Company is in a very strong position as we continue to grow the current operations at our flagship subsidiary Facetime Consulting and Promotions and that the right scalable acquisition will help us spur the next step in growth of our Company."
Ms. Rissell continued, "In reviewing the preliminary 2020 year-end financials, I am extremely pleased with the Company's growth and results and look forward to sharing the Annual Report with shareholders as soon as soon as our CPA and Financial Officer complete the Annual Report for posting. The Company's strong financials coupled with being a public company enhances our ability for making strategic acquisitions. We are being very diligent in our vetting process when identifying possible acquisition candidates. Our Company goal is to identify one or two key acquisition targets that meet all the right criteria sometime during the first quarter."
