Prime Star Group Appoints New President
11 February 2011 - 8:10AM
Marketwired
Prime Star Group, Inc. (OTCBB: PSGI) (PINKSHEETS: PSGI) is pleased
to announce that it has appointed Ed Braniff as President of Prime
Star Group, effective March 1, 2011. Mr. Braniff will replace Roger
Mohlman as President. Mr. Mohlman will continue to serve the
company as Chief Executive Officer and Chairman of the Board of
Directors. Mr. Braniff is an executive with many years of
experience in the public arena.
Ed Braniff is 61 years old and from 2005-2010 served as the
chief financial officer, then chief executive officer of Smart
Energy, Solutions, Inc. From 2001 to 2003, Mr. Braniff was the CFO
and chief operating officer of Cedar North America, a global
consulting, applications and outsourcing firm that is a division of
The Cedar Group, PLC. At Cedar North America, Mr. Braniff was
responsible for all operational contracts, financial, information
technology and legal operations. From 1999 to 2000, Mr. Braniff
served as chief financial officer and chief operations officer for
The Global TeleExchange, a facilities-based, internet enabled
carrier services provider. Mr. Braniff was employed by AT&T for
27 years, in various positions including assistant treasurer,
assistant controller and chief financial officer of AT&T's
International and Operational Divisions.
Roger Mohlman, CEO of Prime Star Group, stated, "Having Mr.
Braniff join the Prime Star family provides our organization with a
proven leader. His expertise and abilities are an instant asset to
the company. Mr. Braniff will develop a strategic plan to advance
the company's mission and objectives and to promote revenue,
profitability, and growth as an organization. We are thrilled to
have Mr. Braniff as a member of our team."
About Prime Star Group
Prime Star Group, Inc. is a holding company that focuses on four
areas of business: SmartPax™ Packaging, Premium Food & Beverage
Products, and Distribution. The company's operating subsidiaries
produce, market, and distribute wines, tea, adult mixed beverages,
flavored water, and gourmet seafood products. The company also
produces co-brand and co-pack existing high-end beverages and
private label liquors for large hospitality and entertainment
brands. Prime Star is focused on the food and beverage,
entertainment, hospitality, healthcare and disaster relief
industries.
Forward Looking Statements - Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of Prime Star Group, Inc., its directors or its
officers with respect to, among other things: (i) financing plans;
(ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy. The words
"may," "would," "will," "expect," "estimate," "can," "believe,"
"potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond Prime Star Group, Inc.'s
ability to control, and that actual results may differ materially
from those projected in the forward-looking statements as a result
of various factors. More information about the potential factors
that could affect the business and financial results is and will be
included in Prime Star Group, Inc.'s filings with the Securities
and Exchange Commission.
Public Relations Contact: Constellation Asset Management, LLC
(415)524-8500 or on the web at www.primestargroup.net
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