Prime Star Group (fka PSGI)

[LVTruthSeeker]

Wicke:

1.
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=115841504

Bloomberg Business Exchange

May 01, 2011 8:12 AM EST
FOOD PRODUCTS
Gourmet Fusion Seafood, Inc.

COMPANY OVERVIEW:

Gourmet Fusion Seafood, Inc. engages in manufacture and sale of seafood products. The company is based in Henderson, Nevada. Gourmet Fusion Seafood, Inc. operates as a subsidiary of Prime Star Group, Inc., Henderson, NV,United States.

KEY EXECUTIVES: Mr. Jerry Ludeman, President
Compensation as of Fiscal Year 2010.

Merger/Acquisition
November 15, 2010 --

2, http://www.mcilvainecompany.com/industryforecast/food/updates/2010/Dec10update.htm

Prime Star Group Sells 40% Stake in Seafood Subsidiary to Isaac Capital Group
Prime Star Group, a holding company that focuses on food and beverage, entertainment, hospitality, healthcare and disaster relief industries, has sold 40% of Gourmet Fusion Seafood, one of the company's wholly owned subsidiaries, to California-based Isaac Capital Group.

The company said that its 40% ownership stake was sold for cash and a line of credit for the production of its Gourmet Fusion Sliders.

Prime Star CEO Roger Mohlman said that the company is very pleased to have this opportunity to partner with such an outstanding and successful international organization as the Isaac Capital Group.

"This relationship will allow our subsidiary, Gourmet Fusion Seafood to continue its expansion with its team of nationwide distributors," Mohlman said.

"PSGI will retain management of the subsidiary and Isaac Capital Group will receive substantial equity for their investments. It's a win-win situation."

Gourmet Fusion Seafood president Jerry Ludeman said that the insight and resources offered by Isaac Capital Group will really speed the manufacturing and distribution of our fabulous seafood products to a much larger demographic.

The Isaac Capital Group president Jon Isaac said that the company is pleased with the direction and potential growth of Gourmet Fusion Seafood.

Prime Star Group is a holding company that focuses on four areas of business: SmartPax Packaging, Premium Food & Beverage Products, Distribution and Risk Management.

The company's operating subsidiaries produce, market, and distribute wines, tea, adult mixed beverages, flavored water, and gourmet seafood products.

*Is everything a forward looking statement by Roger Mohlman, Jerry Ludeman, PSGI and the rest of the team? I see a lot of supposed product, but no sales. Where is the cash that was supposedly put up for this 40% purchase? What am I missing here?...what production?...what sales... The stench is getting real strong here, you have Roger Mohlman saying a lot of things, but one cannot substantiate most of what he says. How many scamsters does it take to continue to bilk unsuspecting investors out of their money? How PSGI, it subsidiaries, and partners in "air" are being allowed to continue on in this apparent fake business is absolutely mind-boggling to me. Where are the FEDs, what more is needed to put this criminal (in my humble opinion) enterprise behind bars? Roger Mohlman how much product has actually been sold, where are the revenues from this product, and where is it being distributed to - what stores are selling this wonderful Gourmet Seafood?