To: LANCE B who wrote (3370 ) 1/27/2000 11:07:00 AM From: chapin Respond to of 4792
(BSNS WIRE) OTCBB Says: NorStar You Pass; No 'E' to Be Added to NSTG Sym OTCBB Says: NorStar You Pass; No 'E' to Be Added to NSTG Symbol Business Editors FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Jan. 27, 2000--NorStar Group, Inc., (OTCBB:NSTG) confirmed this morning that the SEC (Securities and Exchange Commission) has accelerated NorStar's Form 10SB registration statement, effective today, and will remain on the OTCBB. "We are now in full compliance with SEC eligibility rule 6350", said Jay Sanet, NorStar's Director of Corporate Development. "We know there were genuine concerns by the investment community and today's SEC decision should put all fears to rest", added Sanet. Through selective acquisitions and partnering alliances, NorStar Group, Inc. (OTCBB:NSTG) is positioning itself to be a leading provider of interactive, virtual reality, entertainment, educational, and business products and services. NorStar is also the co-developer of a proprietary lightweight, comfortable and affordable virtual reality headgear, The Cybervisor (TM), which is designed for home and school. Safe Harbor: Certain statements contained in this press release, including but not limited to information regarding the future economic performance and financial condition of the Company, the plans and objectives of the Company's management and the Company's assumptions regarding such performance and plans, are forward-looking in nature. Many factors and conditions could cause actual results to differ from the forward-looking information contained in this public announcement. --30--cp/mi* CONTACT: NorStar Group, Inc., Fort Lauderdale Jay Sanet, Director of Corporate Development 954/772-0240, Fax 954/492-0155 Email: NSTG@ Bellsouth.net KEYWORD: FLORIDA INDUSTRY KEYWORD: INTERNET ENTERTAINMENT E-COMMERCE ELECTRONIC GAMES/MULTIMEDIA Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com *** end of story ***