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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