FT. LAUDERDALE, FL--(Marketwire - January 14, 2009) - Tri-Star Holdings, Inc. (PINKSHEETS: TSHL) announced the company has executed a memorandum of understanding to acquire Lyfetec, Inc, a cutting edge medical testing technology company. Lyfetec, Inc, and its management, develop personal medical screening technology. Technologies and assets included in the contemplated acquisition include in-home test kits for the diagnosis and early detection of various diseases including numerous STDs, infectious diseases, various cancers, and more. Many of these kits are already FDA approved for sale in the U.S. Some may be sold to physicians and others may even be sold over- the-counter in the U.S.A. Additionally, many kits can be sold internationally.
While the memorandum of understanding is binding, the acquisition will remain pending until the execution of definitive agreements. While management expects to release further details in the near future, such releases may be limited in scope with regards to certain technologies pending patent approval. The acquisition is expected to close by February 2009.
For more information, visit www.tristarcorporate.com.
Safe Harbor Provision
This news release includes forward-looking statements, including with
respect to the future level of business for the parties. These statements
are necessarily subject to risk and uncertainty. Actual results could
differ materially from those projected in these forward-looking statements
as a result of certain risk factors that could cause results to differ
materially from estimated results. Management cautions that all statements
as to future results of operations are necessarily subject to risks,
uncertainties and events that may be beyond the control of Tri-Star
Holdings, Inc. and no assurance can be given that such results will be
achieved. Potential risks and uncertainties include, but are not limited
to, the ability to procure, properly price, retain and successfully
complete projects, the availability of technical personnel, changes in
technology and competition.
