Bigstring Corp (BSGC)

[Jols]

Sitting tight until March 14th!

BigString Corporation (BSGC.pk) announced today that its Board of Directors is currently contemplating strategic alternatives for the corporation and its assets. The Board recognizes that the current share price of BigString’s common stock is not likely being affected by BigString’s internal operations but rather by its ownership of 7,100,000 shares of PeopleString Corporation common stock, 875,600 of which have been registered for sale. BigString currently holds approximately 29.4% of PeopleString Corporation’s common stock. The Board will hold a special meeting on Monday, March 14, 2011 to consider strategic alternatives regarding the corporation and its assets, including a potential distribution of a portion of the restricted shares of PeopleString common stock held by it to its stockholders.

“Now that we have been able to re-negotiate an extension of the debentures held by our two largest lenders, we can focus on how to best utilize our corporate assets to enhance shareholder value,” stated Darin Myman, President and CEO.