GelStat Corporation Updates Shareholders With Recent Progress and Posts Un-Audited Financial Statements for 2005, 2006 and for the First Six Months of 2007

ST. PAUL, MN--(MARKET WIRE)--Aug 22, 2007 -- GelStat Corporation (Other OTC:GSAC.PK - News), a consumer healthcare company primarily focused on the development and marketing of over-the-counter (OTC) products for the safe and effective treatment of pain and inflammation, today updates shareholders on recent accomplishments and posts its un-audited financial results for the years ending 2005 and 2006 as well as for the first six months of 2007.