Prime Star Group (fka PSGI)

[LVTruthSeeker]

2005 SEC Filing AWS - where did the money go? Mohlman's made money...but the investors did not make a cent...says it all! Follow the link below to read the entire document (it is certainly worth your time, in my humble opinion):

http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=5359040&SessionID=sdBcHFiYve6KUs7

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-KSB

x ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2005

o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 001-32220

AMERICAN WATER STAR, INC.
(Exact name of small business issuer as specified in its charter)

Nevada 87-0636498
(State or other jurisdiction of incorporation or organization) (I.R.S Employer Identification No.)


2580 Anthem Village Dr., Suite B1
Henderson, Nevada 89052
(Address of principal executive offices)
(Zip Code)

[phone]
(Issuer’s telephone number)

Copies of Communications to:
Stoecklein Law Group
402 West Broadway, Suite 400
San Diego, CA 92101
[phone]
Fax [phone]

Securities registered pursuant to Section 12(b) of the Exchange Act: None

Securities registered pursuant to Section 12(g) of the Exchange Act: Common Stock, $0.001 par value

Check whether the issuer is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. o

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes o No x

Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-B contained in this form, and no disclosure will be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

The issuer's revenues for its most recent fiscal year ended December 31, 2005. $-0-.

The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the average bid and ask price, as of August 2, 2007 was $373,076 based on a share value of $0.005.

The number of shares of Common Stock, $0.001 par value, outstanding on July 16, 2007 was 136,852,858 shares.

Transitional Small Business Disclosure Format (check one): Yes o No x




AMERICAN WATER STAR, INC

FOR THE YEAR ENDED

DECEMBER 31, 2005