CybeRelease: (OTC PK: USTA) Intends To Spinoff Subsidiary
(CybeRelease, February 8, 2007) - Lake Harmony, PA US Starcom (OTC PK: USTA) announced that it has signed a letter of intent with its independent subsidiary, Infinite Technology Group, dba US Starcom Technologies, for the spinoff of the subsidiary, which will now be called Relativity, Inc. This company will focus on IT infrastructure, security, risk management and cost reduction for the investment banking and private equity markets. The spinoff will occur, among other things, following the completion of several due diligence items. US Starcom will own 1.25 million shares of the new entity, which intends on becoming a public company over the next 6-12 months.
About U.S. Starcom: The company is a leader in providing value added prepaid services and solutions to enhance communications and entertainment. With a sales distribution network extending to thousands of urban locations, U.S. Starcom will continue its rapid expansion into the distribution of alternative communication products and services, including international long distance, prepaid phone cards, wireless dial around applications, stored value services and money debit cards, and internet service enhancements. U.S. Starcom is committed to providing affordable access to the latest entertainment offerings from the recording industry through strategic alliances and joint distribution campaigns. The company can provide product development, distribution, and system installation through its two independent subsidiaries, Sky Distribution and U.S. Starcom Technologies, formerly known as Infinite Technology, Inc.
To read the complete release, go to http://www.cyberelease.com/usta2807.htm
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