LIVESTAR Entertainment Group Inc. Announces the Finalization of New Business Transaction With the Sequel Nightclub & Lounge
Friday June 4, 11:29 am ET

VANCOUVER, BC--(MARKET WIRE)--Jun 4, 2004 -- LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") (OTC BB:LSTA.OB - News) today announced that it has successfully finalized a new business transaction with the Sequel nightclub. Under the new transaction LIVESTAR, through a new wholly owned subsidiary, has executed a Business Lease Agreement (the "Lease") with the owner of Sequel, whereby LIVESTAR was provided the right to lease the business assets and operate its own establishment operation at the premises.
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As per the terms of the Lease, LIVESTAR will be the beneficiary of all the proceeds of operation and compensate the Sequel with a monthly lease payment. Details of the transaction can be found in our report on Form 8-K filed today with the Securities and Exchange Commission.

According to the Founder, President and CEO of LIVESTAR, Mr. Ray Hawkins: "The business will still operate under the trade name of 'Sequel' and with the rights LIVESTAR has gained through the Lease we are proud to have completed a transaction that will put revenues on the Company's income statements. A business lease transaction is commonplace in the industry and we feel during the term of the lease we can generate revenues and earnings that will benefit LIVESTAR financially. In fact, the revenues are beginning to grow due to the change in season in Toronto."

Mr. Lall, the owner of Sequel, commented: "The commitment of myself and LIVESTAR management to finalize a new and equitable business transaction regarding the operations of the Sequel is a testament to our commitment to provide value to the shareholders of LIVESTAR by following through on developments even if certain business conditions and arrangements change."

The Company looks forward to the addition of further establishments to LIVESTAR, to the development of further business opportunities with Mr. Lall and to the continued development of our business plans.