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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who started this subject11/15/2000 11:05:09 AM
From: SSP   of 150070
 
SFST - Starfest Proceeds with Concierge Merger Plans: Files Extension for Form 10-QSB


Business Editors

LOS ANGELES--(BUSINESS WIRE)--Nov. 15, 2000--Starfest, Inc. (OTC
BB:SFST) today announced it has filed an application for an extension
of time to file its Form 10-QSB with the Securities and Exchange
Commission ("SEC").
The extra 5 days provided to Starfest under the extension will
allow it to complete an auditor's review of its third quarter
financials, which was previously delayed due to events beyond its
control.
In conjunction with the filing of its quarterly Form 10-QSB,
Starfest is planning to submit its amended Form S-4 Registration
Statement, approval of which by the SEC is prerequisite to completing
the planned merger with Concierge, Inc., as previously announced. The
amended S-4 will be submitted in response to the SEC's recent comment
letter requesting clarification to disclosure items contained in the
initial filing of the Registration Statement.
Allen Kahn, president of Concierge, commented, "Although the
delays encountered by Starfest in concluding this transaction have
been frustrating for Concierge, we sympathize with their difficulties
and remain committed to the merger transaction as agreed. The recent
downturn in the markets, and in particular the share price of
Starfest, is unfortunate; however, from our perspective the business
deal has not changed. We intend to continue to build value for our
shareholders as we press forward with product introduction to the
marketplace and create strategic alliances with others in the
industry, such as the relationship with LinuxOne referenced in earlier
releases. In the meantime, we will strive to give Starfest whatever
assistance we can to bring the planned transaction to a timely
closing."
Michael Huemmer, president of Starfest, confirmed, "Our attorney
advises us the second amended S-4 Registration Statement is ready for
release to the EDGAR printer pending the receipt of the September 30,
2000 quarterly financial statements from the accountants of both
Starfest and Concierge. At this point, there is nothing to suggest the
planned merger with Concierge is in any jeopardy. Starfest is
concerned, however, with the proliferation of rumors concerning the
status of the merger, and the effects such rumors apparently have had
on the share price and trading volume. We believe the planned merger
with Concierge is in the best interests of our shareholders, and we
are striving to complete the transaction in the most expeditious
manner possible. Any statements to the contrary are erroneous."
Concierge Inc. was founded by Allen E. Kahn to design, market and
support a new class of unified messaging products. These products
integrate voice technology and pioneering software as a solution to
the remote access needs of Internet e-mail, fax and voice mail users.
The company has begun early shipments of a software package (the
Personal Communications Attendant, or PCA) that enables Internet
e-mail users to have e-mail, received on their personal computers,
read to them over any telephone as instructed by the user's voice
commands. Concierge plans continuing enhancements to the core product
(PCA), including foreign language versions, and has additional unique
products under development. Concierge's Web site is www.e-pcahome.com.

Except for the historical information contained herein, the
matters set forth in this news release are forward-looking statements
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are subject to risks and uncertainties that may cause
actual results to differ materially. These forward-looking statements
speak only as of the date hereof. The company disclaims any intent or
obligation to update these forward-looking statements.

--30--slk/la* db/la

CONTACT: For Concierge, Inc.:
Self & Associates
Trudy M. Self, 818/880-5437
or
John Everding, 925/243-9099
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