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LIVESTAR Entertainment Group, Inc. Announces Positive Results Due to Its Recent Corporate Changes


LAS VEGAS, NV -- (MARKET WIRE) -- 01/12/05

LIVESTAR Entertainment Group, Inc. ("LIVESTAR" or the "Company") (OTC BB: LVSG) today provides an update on its corporate changes plan. On December 28, 2004 the Company announced it was implementing certain corporate changes to set a course of confidence and success that should build on itself as the Company's corporate and business strategies are executed.

Today management informs its current and prospective shareholders the corporate changes the Company has executed are breathing positivity into every aspect of the Company's operation.

Firstly, one of the specific corporate changes was implemented on January 6, 2005 whereby the Company filed with the Securities and Exchange Commission a Post Effective Amendment deregistering 4,990,000,000 S-8 shares. This deregistration was executed to reduce the potential for significant dilution. This filing was in accordance with Corporate actions set forth in a 8K filed with the Securities and Exchange Commission December 27, 2004.

Secondly, The Company is pleased with the performance and future outlook of the market for our securities therefore the Company will not be executing any reverse split of its common stock.

Furthermore, we have attracted several acquisition candidates that see the Company and its holding company strategy as a place to grow their business. Acquisitions and start up of new subsidiaries will shape our holding company effort and the Company is excited about the developments to come.

Mr. Ray Hawkins, CEO of LIVESTAR, commented: "Our first concern is the building of the Company's revenues and earnings and the delivery of increased shareholder value. And our commitment to our new plans will not waiver. The stellar guidance of our new advisory team, led by Loyola Financial Services, has led us to numerous positive results in such a short period. Our current and prospective shareholders should continue there long term thinking approach towards the Company as we work diligently to execute our plans and manifest continued positivity."

Management also states that, if necessary, the Company will implement further corporate changes to continue this plan of confidence and success building.

ABOUT LIVESTAR ENTERTAINMENT GROUP, INC.

LIVESTAR is in the process of transitioning to a holding company structure. The core business of LIVESTAR Entertainment Group, Inc. is currently the development of entertainment entities, specifically; Liquor Licensed Entertainment Establishments (namely nightclubs and lounges) and Live Entertainment (concerts and special events).

Statements contained herein that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. LIVESTAR Entertainment Group, Inc intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause LIVESTAR Entertainment Group, Inc.'s actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in LIVESTAR Entertainment Group, Inc.'s applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at http://www.sec.gov.

Please visit our website: www.LIVESTAR.net.


For more information please contact:

LIVESTAR Entertainment Shareholder Services

Phone: [phone]

Email Address: [e-mail]