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jhernandez

11/03/09 2:59 PM

#52850 RE: BullsEye #52849

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BullsEye

11/03/09 3:04 PM

#52852 RE: BullsEye #52849

1st pick here (DD Below) PSGI .105 last trade... 52 week high .75, last two weeks high .29
http://www.primestargroup.net/

Estimated Market Cap
$150,538 as of Nov 2, 2009
Outstanding Shares
1,368,529 as of Jun 30, 2008
Number of Shareholders of Record
670 as of Apr 10, 2008

PART I 9the below can be found here;
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6766825

Financial Information Page No.

Item 1. Financial Statements
Balance Sheets as of June 30, 2009 (restated) (unaudited)
and December 31, 2008 (audited) 1
Statement of Operations for the three and six months ended
June 30, 2009 (and 2008 (unaudited) 2
Statement of Cash Flows for the three months ended
June 30, 2009 and 2008 (unaudited) 3
Footnotes to the financial statements 4
Item 2. Management's Discussion and Analysis or Plan or Operation 14
Item 3. Controls and Procedures 15

PART II
Other Information

Item 1. Legal Proceedings 16
Item 2. Unregistered Sale of Equity Securities and Use of Proceeds 16
Item 3. Defaults Upon Senior Securities 17
Item 4. Submission of Matters to a Vote of Security Holders 17
Item 5. Other Information--Officers and Directors, PSGI & Subs 18
Item 6. Exhibits 19





--------------------------------------------------------------------------------

PART 1 - FINANCIAL INFORMATION


Item 1. Financial Statements

Prime Star Group, Inc.
Consolidated Balance Sheets

June 30, December 31,
2009 2008
(Unaudited) (Audited)
================== =====================
Assets
Current assets:
Cash $ $
Inventory 305,750 339,722
================== ===================
Total current assets 305,750 339,722

Machinery and equipment 1,133,846 1,133,846
Intangible assets - -
================== ===================

Total assets 1,439,596 1,473,568
================== ===================

Liabilities and Stockholder's Equity
Current liabilities:
Accounts payable and accruals 4,229,571 4,229,565
Accrued compensation - chairman and
majority stockholder 921,016 891,016
Advances from related parties 3,838,822 3,818,822
================== ===================
Total current liabilities 8,989,409 8,949,402

Stockholders' equity
Preferred stock, $0.0001 par value, - -
25,000,000 shares authorized, no shares
issued.
Series A preferred convertible, - -
4,100,0000 shares authorized, no shares
issued
Common stock, $0.0001 par value,
125,000,000 shares authorized,
44,811,078 and 1,368,529 shares issued
and outstanding 4,481 137
Stock bought or for services not issued
720,000 and 720,000 shares 72 72
Common stock subscribed 10,000 10,000
Additional paid-in capital 40,000,453 39,265,196
Accumulated (deficit) (47,521,941) (46,751,239)
================== ===================
(7,506,935) (8,949,402)
================== ===================
$ 1,482,474 $ -
================== ===================

PR History Last 30 days
Oct 30, 2009 CrwePicks Announces Stock Alert on PSGI, KNDR, BIEL
Oct 28, 2009 Stock Market Alerts LLC.: WednesdayaEUR(TM)s Stock to Watch: CNAM -- October 28, 2009
Oct 27, 2009 Prime Star Group Engages Consultant for Key Accounts
Oct 22, 2009 xtremepicks.com: www.Xtremepicks.Com: Xtremepicks Alerts October 21, 2009 : IVOT, GNLK, DPDW and PSGI
Oct 21, 2009 www.standoutstocks.com: Stocks That Stand Out For Oct. 21th, 2009 Are BDGR, CBIS, PSGI, JUNP, MPPC
Oct 21, 2009 Prime Star Group Provides Forecasts
Oct 20, 2009 Pinnacle Digest: Opinions Requested on Allstar set to Distribute Reformulated Geyser Brand Products: Review Initiated by Online Financial Magazine and Investor Social Network
Oct 19, 2009 Prime Star Group Launches Re-Engineered Geyser Product Line
Oct 16, 2009 Prime Star Group Subsidiary to Launch Redesigned Pouch
Oct 14, 2009 Prime Star Group's Wild Grill Foods, Inc. Receives Purchase Orders for Over 1.25 Million Dollars of Product From Its 4,000 Customers for Q4 2009

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=psgi