Showstar Entertainment Corporation Hires Investor Relations Firm and Moves Funding Agreement to Allegiance Capital Corporation
LOS ANGELES, Jan. 7 /PRNewswire/ -- Showstar Entertainment Corporation (OTC Bulletin Board: SHST - news) is pleased to announce it has secured the services of Mitropolis to assist in the Company's ongoing investor relations program. Mitropolis will be launching an investor communications campaign for the Company in the United States, Canada and several foreign markets. Mitropolis has an extensive contact network in the investment community across the U.S. and overseas.
The Company has also signed an exclusive funding agreement with Dallas-based Allegiance Capital Corporation and Northstar International. David J. Mahmood, formerly a Senior Vice President with Capital Alliance Corporation, is now in an ownership position at Allegiance Capital, and is the Company's President and Managing Director. The contract with Allegiance/Northstar replaces the Company's funding agreement dated October 6, 1998 with Capital Alliance Corporation, also of Dallas.
Allegiance Capital and Northstar will work with Showstar in securing significant long-term capital to finance the Company's expansion efforts.
Allegiance Capital and Northstar International specialize in mergers and acquisitions, Corporate Finance and Corporate Real Estate. They have worked with over 250 companies in the middle market ranging in size from $5 million to $200 million.
''After a thorough review of Showstar Entertainment's concept and strategic plan, Allegiance Capital is highly confident that we can raise the required capital to move Showstar forward,'' said David J. Mahmood, President and Managing Director, Allegiance Capital. ''We have a good understanding of the Company's market and have been assured that the international financial community will provide strong support for the Company's funding requirements.''
Showstar Entertainment Corporation is a multi-faceted entertainment company headquartered in California with operations in Culver City, California, Seattle, Washington and Hollywood North, Vancouver, Canada. Showstar has interests in entertainment merchandise, management, and productions. The Company's website can be found at showstar.com.
Financial Statements in this press release other than historical facts are ''forward-looking'' statements within the meaning of section 27A of the Securities Act of 1933, section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. |
