OTC BB Pulse: Daytrading

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Clues in here maybe, for the upcoming week.

LIVESTAR Entertainment Group Inc. in Discussions to Acquire $3.2 Million in Wireless Telecom Assets to Support Its VOXBOX Service
Tuesday January 25, 8:15 am ET


LAS VEGAS, NV--(MARKET WIRE)--Jan 25, 2005 -- LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") (OTC BB:LVSG.OB - News) announced today it has entered into discussions to acquire approximately $3.2 Million in wireless telecom assets from Global Bancorp Inc. ("Global") to support and expand our joint VOXBOX initiative.
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These wireless assets consist of wireless communication towers and back-up systems that can be configured to cover a city with a core population base of up to 1.5 Million, such as Vancouver or Seattle. Global has had an independent evaluation and the assets have a replacement cost of $3.2M USD dollars.

The key to this acquisition is that with this wireless infrastructure, VOXBOX can activate an enterprise-level VoIP solution. These quality wireless assets will enable VOXBOX to penetrate the small and medium business market and multi-density residential buildings. This service offering could not only double or triple VOXBOX's revenue potential but also increase VOXBOX's appeal as a possible future takeover target by a VoIP competitor.

Ray Hawkins, CEO of LIVESTAR, commented: "We expect these discussions to continue towards the execution of an asset purchase agreement within the next three weeks. This network will form part of our strategy to deploy Mobile VoIP services in the future which will be in high demand as the VoIP industry matures."

Global's CEO and the CEO of VOXBOX, Ray Prescott, stated: "It is the decision of Global's board to sell any non-core assets. Global's plan is to retain a management contract with LIVESTAR to maintain and operate the wireless network. The asset purchase agreement we are negotiating and the management contract will include an option for LIVESTAR and VOXBOX to use Global's resources to 1) assemble further wireless infrastructure in 5 other major Canadian cities that represent a replacement cost of $20.0M and 2) to secure other wireless infrastructure in the United States as VOXBOX advances to a more established operational and growth level.

Ray Hawkins, CEO of LIVESTAR, in closing stated: "This development regarding VOXBOX is another key step LIVESTAR plans to make in its transition to a public holding company while acquiring bonified assets and building of revenues and earnings. We are committed to our new course of development and with assets such as these, increased shareholder value is planned to be one of the benefits. We look forward to advancing our discussions to acquire these assets to the point of a executing a closing. More positive changes are to come for the Company and we look forward to execution of other in development deals."

ABOUT VOXBOX

VOXBOX (http://www.myVOXBOX.com) is an exciting new service in the multi-billion dollar VoIP market. The Company owns 50% of the VOXBOX service and expects VOXBOX to be a quality contributor for its 2005 growth plans.

VOXBOX allows you to make telephone calls using the Internet. When placing a VoIP call using a phone with a VOXBOX adapter, you'll hear a dial tone and dial just as you always have. Voice Over IP converts the voice signal from your telephone into a digital signal that travels over the Internet then converts it back at the other end so you can speak to anyone with a regular phone number.

Voice over Internet Protocol (VoIP) is a technology that allows you to make telephone calls using a broadband Internet connection instead of a regular (or analog) phone line. Further information on how VoIP works can be found at www.fcc.gov/voip/.

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.


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