FT. LAUDERDALE, FL--(Marketwire - January 26, 2009) - Tri-Star Holdings, Inc. (PINKSHEETS: TSHL) announced today that the company has executed definitive agreements regarding the pending acquisition and merger of Lyfetec, Inc. Together with that company's laboratory and other professional relationships in the United States and abroad, and that company's global private brand license and distribution rights to a broad range of personal health monitoring and screening products and services, Tri-Star will be one of the first to market and in a unique position in this changing global consumer health market space. Lyfetec, Inc. is expanding its line of personal medical screening technologies that include affordable products to help individuals screen for major infectious diseases such as hepatitis and mononucleosis. Other products are focused on screening for sexually transmitted diseases. The company is in the final stages of development and soon to announce a new and impressive line for the screening and monitoring of major illnesses such as cancer and genetically based disease. Many of these products are already FDA and CE cleared for sale in the U.S. and abroad. Several patents are expected from the products. A professional line of products and services is targeted for sale to physicians and medical professionals. Under the terms of the definitive agreements, the acquisition and merger will be effected with a combination of Tri-Star preferred and common stock, and is scheduled to close on February 1, 2009. Management stated that more information will be released subsequent to closing.
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.
