posted May 21, 2004 17:30            

They have updated their website, and still working on it.

Hernan Cattaneo Live @ Atlantis May 20th.
LiveStar announces the second event of our Canadian Live Events Productions with the “Exposure Series 2” featuring DJ Hernan Cattaneo, Live at the Atlantis, Vancouver, BC May 20th 2004. We are pleased to introduce Hernan Cattaneo from Buenos Aires, Argentina to Vancouver for our second high profile DJ event in Western Canada.

James Zabiela, Live at the Atlantis May 6th.
LiveStar announces the launch of our Canadian Live Events Productions with the "Exposure Series" featuring DJ James Zabiela, Live at the Atlantis, Vancouver, BC Tonight May 6th 2004. James Zabiela is the newest and brightest DJ on the scene.
Paul Oakenfold w/ Peretz March 20th
Brisk Sales For Paul Oakenfold Concert: DJ Paul Oakenfold was one of the founding fathers of the acid house scene that swept London in the late '80s and paved the way for the rise of electronica in the '90s. Today, Oakenfold remains one of the most respected and sought-after DJs/remixers in the industry.

Tuesday May 11, 2004
LIVESTAR Entertainment Group Inc. Announces the Second Event of Our Canadian Live Events Productions With the "Exposure Series 2" Featuring DJ Hernan Cattaneo, Live at the Atlantis, May 20th 2004

Livestar Entertainment Group Inc. (OTC: LSTA)
62 W. 8th Ave., 4th Fl.
Vancouver, British Columbia V5Y 1M7, Canada
Phone: 604-682-6541
Fax: 604-682-1824

Livestar Entertainment Group plans to acquire nightclubs, lounges, and supper clubs, which it then intends to use as venues for a live entertainment business. So far the company has agreed to buy one club, Toronto's The Sequel.
Livestar Entertainment Group plans to acquire nightclubs, lounges, and supper clubs, which it then intends to use as venues for a live entertainment business. So far the company has agreed to buy one club, Toronto's The Sequel.

Key Numbers
Company Type Public (OTC: LSTA)

Fiscal Year-End December
2003 Sales (mil.) $0.0
1-Year Sales Growth (80.0%)
2003 Net Income (mil.) ($0.9)
2003 Employees 7
1-Year Employee Growth 133.3%

VANCOUVER, BC--(MARKET WIRE)--Sep 17, 2003 -- LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") (OTC BB: LSTA) today announced that it has entered into serious acquisition discussions with Manhattan restaurant and lounge of La Jolla, California.
Manhattan is an upscale dining and lounge establishment with a successful 17-year track record of customer satisfaction and profitability.
Ray Hawkins, Founder, Chairman and CEO of LIVESTAR, commented, "As the Company works towards its major development plans we have continued to pursue opportunities in key target geographic markets such as California.

We are committed to building shareholder value through both acquisitions and new development and therefore the opportunity to add the successful Manhattan restaurant and lounge to our planned establishment network is outstanding.

Manhattan fits into our plans of developing supperclub branded chains and we feel we can take the success the La Jolla establishment has achieved and add to it."
According to Mr. Wolf, co-owner and operator, of Manhattan, "I am enthusiastic about the plans of joining the LIVESTAR network, which I feel allows us to benefit from the growth potential of a public company. We plan to bring our experience, clientele, revenues and profits to the table to become a key part of building LIVESTAR to its full potential. "

Mr. Ray Hawkins also added: "As we have indicated, we intend to make bold moves to establish our entertainment group. We believe if we can get certain core building blocks, such as Manhattan's, in place before the end of the fiscal we can have an exciting year of development and growth in 2004 for our shareholders."

Bob Fidler, the Company's consulting Managing Director, commented, "I am familiar with the past successes of Manhattan's and feel it is a quality acquisition candidate for the Company. LIVESTAR has a lot going on in terms of its future and I believe the discussions that are underway are an encouraging indication of the aggressive growth plans LIVESTAR has."

ABOUT LIVESTAR ENTERTAINMENT GROUP, INC.
The core business of LIVESTAR Entertainment Group, Inc. is the development of entertainment entities, specifically; Liquor Licensed Entertainment Establishments (namely nightclubs and lounges) and Live Entertainment (concerts and special events).

Statements contained herein that are not based on historical fact are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. LIVESTAR Entertainment Group, Inc intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause LIVESTAR Entertainment Group, Inc's. actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in LIVESTAR Entertainment Group, Inc.'s applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at http://www.sec.gov.

Contact:
For more information please contact:
Investor Relations;
investors@LIVESTAR.net
Phone: 604-682-6541
Please visit our website: http://www.livestar.net

Form 10KSB/A for LIVESTAR ENTERTAINMENT GROUP INC

15-Apr-2004
Annual Report
Item 6. Management's Discussion and Analysis or Plan of Operation
The following discussion should be read along with the financial statements and notes, and by other more detailed financial information appearing in other parts of this annual report.

RESULTS OF OPERATIONS
For the Year Ended December 31, 2003 compared to Year Ended December 31, 2002.
From inception to the fiscal year ended December 31, 2003 the Company primarily operated as a development stage Company. The Company's business is still in its development stage. The Company has generated little revenue to date.
For the fiscal year ended December 31, 2003, and December 31, 2002, the Company earned revenues of $500, and $5,000, respectively. Revenues in 2003 were related to one Live Event, which the Company expects to continue on an annual basis. Revenues in the year 2002 were related to the licensing of rights for the use of our AXXUS technology. The Company will not generate any future revenues from these rights as per the divestiture of AXXUS Corporation, as discussed in the Form 8-K filed with the Commission on December 16, 2002. Future revenues for the Company are associated with the realization of its new business strategy, the planned development and operation of a live entertainment business, as outlined below.
For the fiscal year ended December 31, 2003, and December 31, 2002, the Company incurred operational expenses of $957,011, and $1,739,325, respectively, of which $251,159 and $908,549 were accrued, respectively. These operating expenses included: $ 0, and $76,877, respectively, in software development; $200,539, and $423,404 respectively, in consulting fees; $348,113 and $502,197, respectively in business development costs; and $104,174 and $133,121, respectively in Professional Fees. The overall increase in the Company's operating expenses and changes across all above categories is due to expanded business efforts to develop and realize its business plan. For the fiscal year ended December 31, 2003, and December 31, 2002, the Company incurred a net loss from operations of $909,856 and $1,265,480, respectively.

LIQUIDITY AND FINANCIAL CONDITION AS OF DECEMBER 31, 2003
We had cash-on hand of totaling $14,892 as of December 31, 2003. Although the Company maintains minimal cash reserves and continues to experience uncertainty regarding future revenues, management strives to maintain current operations, remain viable and develop sustainable revenue streams and positive cash flow. Our sources of liquidity includes sales of our common stock, and loans from management, shareholders and other close affiliates to the Company, and intended cash revenues from operations as developed as per the business strategy described below.
Management's current and business strategy is oriented to maximize our chances of success. Additional financial and liquidity issues relating to the current business strategy are outlined in the LIVESTAR Entertainment Group, Inc. Implementation Plan section below.

BUSINESS STRATEGY FOR LIVESTAR'S LIVE ENTERTAINMENT CORE BUSINESSES
Our business strategy is to focus our immediate efforts on building a network of licensed entertainment establishments and a live events business, as the base for our urban lifestyle businesses. The development of these core businesses will require a staff of approximately 15 persons consisting of marketing, business operations, accounting, administration, corporate finance, venture development and merger and acquisition professionals. These establishments will still utilize a branding approach so that we can sell other urban lifestyle products and services.
LIVESTAR intends to develop a comprehensive program to conduct its research and development of potential locations for its entertainment establishments. Although the program it develops is hoped to yield competitive advantages, LIVESTAR expects that others may be able to compete effectively for its locations. LIVESTAR expects that it must devote a minimum of approximately 5% of it revenues towards location research and development.
Over the twelve months following December 31, 2003, LIVESTAR will conduct significant research and development, or R & D for its acquiring and or development of entertainment establishments, namely nightclubs.
The R & D anticipated to be executed by LIVESTAR for its planned establishments business will include but will not be limited to:
— The Company places significant emphasis on the design and interior decor of its planned establishments. The Company's planned establishment's unit designs may require somewhat higher capital costs and furniture and fixtures investment to open a new establishment than is typical in the industry. Landlord contributions may defray a part or a substantial part of interior design and decor at a typical new establishment. The Company believes that its planned design and decor features may enhance the entertainment experience. Certain planned establishments may offer patio seating, which may add substantially to seasonal capacity, revenues and profits. Table layouts are planned to be flexible, permitting re-arrangement of seating to accommodate large groups and effective utilization of maximum seating capacity.
— The Company also believes that the location of an establishment is important to its success. In general, significant time and resources will be spent in determining whether a prospective site is acceptable. Certain planned establishments may be located at high-profile sites at malls/office complexes within larger metropolitan areas. In selecting future sites, the Company plans to analyze demographic information for each prospective site, occupancy capacity, property uses, availability of site for possible purchase and factors such as visibility, traffic patterns, accessibility, and proximity of shopping areas, offices, parks, tourist attractions, and competitive establishments.
LIVESTAR plans to coordinate operations out of its Vancouver, British Columbia, Canada facility. LIVESTAR currently has business and operational development offices in La Jolla, California and Las Vegas, Nevada. At the required time the Company plans to open other business development, finance or operational offices in other Canadian and U.S. cities.

LIVESTAR IMPLEMENTATION PLAN
LIVESTAR requires approximately $6,000,000 in operational capital for the 12 month period following December 31, 2003. The LIVESTAR implementation is planned over a period of four phases totaling 12 months. Each phase is three months. The implementation plan during each phase describes the activity of LIVESTAR across various departments such as Operations, Finance, Mergers and Acquisitions, Venture Development/Product Development, and Sales/Marketing/Business Development.
Our immediate aim is to acquire or develop our first establishment so that we can use it as a flagship for the network and demonstrate our unique and proprietary entertainment concepts for use in our other establishments. We intend that the later establishments will be developed in new and existing locations in major cities throughout the United States and Canada.
LIVESTAR's 2004 implementation plan regarding its new core business units of entertainment establishments and live events is:
— Phase One (Jan — March 2004): Continue development of business plan for new entertainment establishment and live events units; commence development of corporate finance department, Future Establishments Finance Strategy and Real Estate Financing Strategy; continue debt reduction plan via voluntary creditor write offs and stock based settlements; headhunt and secure key consultants and possible staff members to execute development of new business units; continue research of entertainment establishment acquisition candidates and development locations; secure first entertainment establishment acquisition or development; secure first live event acquisition or development of live event; open business development office in California and Nevada; commence additional staff hiring.
— Phase Two (April — June 2004): Launch first phase of Future Establishments Finance Strategy and Real Estate Financing Strategy, while continuing development of corporate finance department; Secure first stage of capital; finalize new business plan for new entertainment establishment and live events units; finalize operations and marketing plans; continue research of entertainment establishment acquisition candidates and development locations; secure second entertainment establishment acquisition or development; secure additional live event acquisitions or development of live events; continue debt reduction plan via voluntary creditor write offs and stock based settlements;
— Phase Three (July — September 2004): Fully launch corporate finance department, Future Establishments Finance Strategy and Real Estate Financing Strategy; Secure next stage of capital; continue research of entertainment establishment acquisition candidates and development locations; secure third entertainment establishment acquisition or development; secure additional live event acquisitions or development of live events; continue debt reduction plan via voluntary creditor write offs and stock based settlements; continue additional staff hiring if necessary; open business development office in Miami, Florida.
— Phase Four (October — December 2004): Secure next stage of capital; continue research of entertainment establishment acquisition candidates and development locations; secure fourth and fifth entertainment establishment acquisition or development; secure additional live event acquisitions or development of live events; continue additional staff hiring if necessary; open business development office in New York, NY.

FINANCING STRATEGIES
In order to finance our acquisitions and developments, and our phases of implementation we plan to raise investment capital through the execution of a number of development finance strategies.
Current Development Finance Strategy:
In order to finance the first and second acquisition or development establishments the Company may use its preferred or common stock to finance the acquisition or development or to raise the necessary capital for acquisition or development.
Future Development Financing Strategy:
In the future, we hope to fund the majority of our new establishment locations through the selling of a minority interest in the new establishments through the sale of up to 49% of the equity or through limited partnerships. This minority interest is hoped to be sold to either individual investors who wish to invest directly into an establishment or into a fund or partnership that will be funded by investors wishing to diversify their investment over a number of establishments that the fund or partnership may invest in. This proposed fund is planned to be formed by LIVESTAR exclusively for LIVESTAR establishments. The Company hopes to establish an internal corporate finance department and external network or syndicate of investment advisors, investment bankers and broker dealers that will raise capital via the direct investments strategy and/or form the fund or partnership that will raise capital through the fund or partnership strategy. It is planned that investors under this strategy are planned to receive cash dividends and some capital stock or warrants in the Company.
In addition to the direct investment and fund or partnership strategy the Company hopes to raise capital for its new establishments through the forming of a real estate financing plan that is hoped to utilize real estate financing to fund the purchase of properties and subsequently secure construction financing to fund the renovations of the establishment.
We believe that this Future Development Financing Strategy will enable us to achieve our development goals with a hope over the long-term of reducing the potential dilution to our existing shareholders. By raising capital directly in each establishment through our planned Future Development Financing Strategy we may not have to dilute the existing shareholders to any great extent to grow the business. As our cash producing businesses grow due to the planned implementation and hopeful success of the Future Development Financing Strategy we plan to utilize the available cash to pay for operations without having to use stock to pay for large and important operational items item such as staff and consultants.
The result of this is, that as our cash flow may grow as our dilution may slow. More specifically, we have developed comprehensive business and financial plans that result in our development of a network of entertainment establishments that should operate on a cash positive basis and without incurring substantial dilution to stockholders such that the Company can possibly increase its overall valuation substantially. This possible increase in the Company's overall valuation may be accomplished by using the positive cash flow to buy back the Company's common stock from the public float. There is no current plans to implement a stock buy back program, although one is intended over the long-term and will only be implemented based on the success of the foregoing and solely of the discretion of the Company's management and board of directors.
In addition to the above we plan we plan to invite direct investments into the Company to provide funds for general corporate purposes.

CAPITAL REQUIREMENTS
We believe that the first acquisition or development of a entertainment establishment will require approximately a minimum of $500,000 for the acquisition, plus approximately $100,000 in legal, accounting and administrative expenses. In addition our first acquisition or development will require a minimum of another $400,000 for working capital and general corporate purposes. This is a minimum total of approximately $1,000,000 that will be required in the next quarter during which we are hoping to make the first acquisition or development. In the following 3 months, we plan to execute one or two additional acquisitions or developments. We believe that the cost of a second and third acquisition or development project will be approximately a minimum of $1,000,000 each and that approximately another $500,000 minimum each will be required for the same purposes as listed above for the first acquisition or development and for working capital and general corporate purposes. Thus, we anticipate needing a minimum of $4,000,000 of investment capital during the next six months.
After the first two acquisitions or development projects, we intend to develop other entertainment establishments from initial buildout rather than from acquisitions. Our plan is to open two additional entertainment establishments by the end of 2004 and we anticipate that additional funding (approximately $1,000,000) will be required to accomplish this. Management anticipates that funding requirements for this plan will be less than the overall cost of opening these nightclubs, since the revenues from the first two or three nightclubs is expected to generate enough positive cash flow to reduce the level of external capital required. We have developed comprehensive business and financial plans that result in our development of a network of entertainment establishments that should operate on a cash positive basis and without incurring substantial dilution to stockholders such that the Company can possibly increase its overall valuation substantially. The Company believes it will require approximately $1,000,000 to launch its live events business unit, including the cost of acquisitions or development and their subsequent integration and for the venture development of other potential lines of business for 2003. The total additional working capital financing described in this section is planned to also include the development of other synergistic business units such as, including but not limited to, membership services, brand licensing and merchandising.

CAPITAL ACQUIRING PLANS
Management plans on initiating a series of securities offerings to raise the investment capital needed to meet our acquisition and development plans. Although we will make efforts to minimize dilution to current shareholders, we may not be able to avoid significant dilution due to many factors, including but not limited to, the closing of financing at lower than the desired market price of the Company's common stock.
LIVESTAR hopes to secure the financing to satisfy the capital needs for each phase of its implementation plan through the execution of various funding methods, primarily financing through its Future Development Financing Strategy, private placement investments or debt financing. LIVESTAR hopes to achieve this by securing relationships with accredited individual investors, investment bankers, venture capitalists, and/or finance investment advisors that have the experience and relationships to aid LIVESTAR with its capital raising efforts. The source of the capital may be comprised of a mix of principal shareholders, private investors and venture capital companies.
If needed capital investment for our acquisitions or developments is not available, in whole or in part, we intend to delay the implementation plan regarding our acquisitions or development plans until sufficient investment capital becomes available. We cannot give any assurances that we will raise sufficient investment capital to meet the business plan. In addition to delays to the implementation plan regarding our acquisition or development plans due to insufficiency of investment capital, we may suffer other consequences, including but not limited to the following: We may have to significantly alter the scope of our business plan and subsequent capital requirements; We may have to suspend or discontinue operations of one or more of our business units or; we may have to suspend or discontinue operations of the Company if we become insolvent as a result.
Until planned acquisitions (current and future) and new development establishments begin to produce significant revenues and subsequent positive cash flow, we will be reliant on capital received from private placements, loans, and the exercise of options and warrants. Due to the depressed market for our securities, we may not be able avoid significant dilution to current shareholders. In addition, we expect to continue to retain certain management, staff and consultants, such as legal counsel, and may need to compensate these individuals through the issuance of our common stock as compensation. These stock based compensations may result in significant dilution to current shareholders due to the depressed market for our securities. We also continue to reduce or prevent collection of outstanding vendor debts and accounts with creditors, such as suppliers and consultants, which could result in litigation against the Company. There can be no guarantee that all of these negotiations will be successful and the outcome of these negotiations may include settlements in cash and/or issuance of common stock. These stock based settlements may result in significant dilution to current shareholders due to the depressed market for our securities. We plan on continuing to meet certain of our expenses through the issuance of our shares of common stock, which may cause additional and significant dilution to existing shareholders due to the depressed market for our securities.

FORWARD-LOOKING STATEMENTS
Many statements made in this report are forward-looking statements that are not based on historical facts. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. The forward looking statements made in this report relate only to events as of the date on which the statements are made.

_________________

posted May 21, 2004 18:50            

quote:

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Originally posted by Candydish:
Wish I could take all the credit, but Dallas Boy flagged it last week as a possible run so I bought in at the .0009.
Hey Dallas "Thanks!"
CD

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posted May 21, 2004 23:48            

bella

posted May 22, 2004 19:09            

quote:

---

Originally posted by Candydish:
Wish I could take all the credit, but Dallas Boy flagged it last week as a possible run so I bought in at the .0009.
Hey Dallas "Thanks!"
CD

---

posted May 24, 2004 17:39            

Some new DD:
Monday May 24, 9:10 AM EDT

LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") (LSTA) today announces our first quarter live events summary report and the addition of event image galleries on the web site. We are especially satisfied with the performance of our new Live Events divisions in Southern California. The live events division has created new sources of revenue directly from the 18-35 year old market we have been focusing on. We have sold over a few thousand tickets to live events so far this year and the resulting revenue is reflected in our 10QSB report for the quarterly period ending March 31, 2004, which will be filed shortly with the Securities and Exchange Commission.

Paul Parente, Head of LIVESTAR's California and Nevada Events Unit, commented: "Livestar's success for the first quarter was phenomenal in regards to booking the biggest names in the industry under the LIVESTAR umbrella. Five of the industry's leading performers (Ferry Corsten, Paul Oakenfold, Perry Ferrell, Judge Jules & Tommy Lee) performing LIVESTAR events is rare for a start up company. The impact that these artists have had at LIVESTAR's events, not only shows that we are serious in our approach, but that we plan on progressing in the future with the biggest dance and alternative music acts available. In the first quarter we have achieved our objectives by acquiring the finest international electronic talent, and bringing them to the 18-35 year old market, in the best club settings."

The Live Events division has kick started the developments for LIVESTAR. Consistent revenue generation is now in activity and we are encouraged by the initial results. While the live events are providing sources of sales for the Company the galleries on the website illustrate that LIVESTAR is providing an excellent entertainment experience for its customers, which we hope in most cases will translate into certain levels of loyalty and increased sales for future events. The galleries can be found directly at our website http://www.livestar.net/.

In closing, the Company's live events productions are proving successful in the continuing development and marketing of our business.

posted May 24, 2004 22:38            

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It's all technicals without fundamentals

posted May 26, 2004 09:47            

************* Posts Stock Watch List: History Puts Present in Perspective!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Peter Antipatis of Capital Research Group Inc.

WESTON, FL, May. 26, 2004 (MARKET WIRE via COMTEX) -- ************* names the following stocks to its Stock Watch List! Lifestream Technologies Inc. (OTC BB: LFTC), LIVESTAR Entertainment Group (OTC BB: LSTA), Atmel Corporation (NASDAQ: ATML).
Lifestream Technologies, Inc. (OTC BB: LFTC), a leading developer and marketer of consumer cholesterol monitors and professional screening instruments, announced that CVS Corporation (NYSE: CVS), one of the nation's leading drug store chains with over 4,100 stores, has started attaching a $15 discount coupon toward the purchase of Lifestream's Home Cholesterol Monitor on every new prescription for a cholesterol lowering drug.

The Company developed and currently markets a line of cholesterol monitors to consumers and healthcare professionals that provide test results in three minutes.

Other stocks highlighted include LIVESTAR Entertainment Group (OTC BB: LSTA): Stock Watch List, down 15% on 138 million shares, Atmel Corporation (NASDAQ: ATML): Stock Watch List, up 4% on 10 million shares, CVS Corporation (NYSE: CVS): Stock Watch List, up 1% on 2 million shares.

posted May 26, 2004 12:16            

VANCOUVER, BC--(MARKET WIRE)--May 26, 2004 -- LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") (OTC BB:LSTA.OB - News) today announces it has formed a wholly owned subsidiary, LIVESTAR Entertainment Capital Corporation. This unit will play a key role in the future of LIVESTAR as management believes the opportunities that exist in the funding of entertainment properties is vast.
ADVERTISEMENT

As discussed in our 10KSB report for the annual period ending December 31, 2003, the Company is beginning to develop relationships with financiers, investment bankers and investment advisors to structure numerous plans to secure funding for developing LIVESTAR's establishments.

Ray Hawkins, CEO of LIVESTAR commented: "In addition to financing the development of nightclubs, restaurants, supper clubs and bars, LIVESTAR Entertainment Capital Corporation plans to develop programs to provide capital to other LIVESTAR potential acquisitions and developments. Programs from LIVESTAR and this new subsidiary may include leveraging our operational management skill, capital and access to capital to grow its business by allowing LIVESTAR to be a leader in taking advantage of numerous joint venture, development and acquisition opportunities. There are many areas in entertainment that we feel are niche opportunities that fit the overall LIVESTAR business plan. We feel that the financing arena allows LIVESTAR to take advantage of these opportunities by being not only a financier but by being a conduit for other funders to access our management's talent to recognize opportunities for capital allocation."

LIVESTAR Entertainment Capital plans to seek out strategic opportunities in a number of growth industries. The Company intends to target early to mid stage businesses, and then provide management assistance and growth capital in developing the businesses to become acquisition targets of larger enterprises or to cultivate them to become public companies.

This implementation of certain aspects of our previously mentioned strategic plan allows the Company to begin to more accurately reflect its planned overall business model as an entertainment oriented venture development company with diversified interests including those that may be outside of the live entertainment industry.

In closing, Edwin Kwong, CFO of LIVESTAR stated: "The Company's long-term outlook, we believe, has been made more positive through the launch of this new wholly owned subsidiary. The benefits of access to capital for the purpose of moving into the financing of various clients, entertainment properties, entities and assets we believe may be translated to income generation success for the Company and over the long term increased value for the shareholders."

ABOUT LIVESTAR ENTERTAINMENT GROUP, INC.

The core business of LIVESTAR Entertainment Group, Inc. is the development of entertainment entities, specifically; Liquor Licensed Entertainment Establishments (namely nightclubs and lounges) and Live Entertainment (concerts and special events).

Statements contained herein that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. LIVESTAR Entertainment Group, Inc. intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause LIVESTAR Entertainment Group, Inc.'s actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in LIVESTAR Entertainment Group, Inc.'s applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at http://www.sec.gov.

Please visit our website: www.LIVESTAR.net.

posted May 30, 2004 19:11            

Future Development Financing Strategy:

In the future, we hope to fund the majority of our new establishment locationsthrough the selling of a minority interest in the new establishments through thesale of up to 49% of the equity or through limited partnerships. This minorityinterest is hoped to be sold to either individual investors who wish to investdirectly into an establishment or into a fund or partnership that will be fundedby investors wishing to diversify their investment over a number ofestablishments that the fund or partnership may invest in. This proposed fund isplanned to be formed by LIVESTAR exclusively for LIVESTAR establishments. TheCompany hopes to establish an internal corporate finance department and externalnetwork or syndicate of investment advisors, investment bankers and brokerdealers that will raise capital via the direct investments strategy and/or formthe fund or partnership that will raise capital through the fund or partnershipstrategy. It is planned that investors under this strategy are planned toreceive cash dividends and some capital stock or warrants in the Company. Inaddition to the direct investment and fund or partnership strategy the Companyhopes to raise capital for its new establishments through the forming of a realestate financing plan that is hoped to utilize real estate financing to fund thepurchase of properties and subsequently secure construction financing to fundthe renovations of the establishment.

We believe that this Future Development Financing Strategy will enable us toachieve our development goals with a hope over the long-term of reducing thepotential dilution to our existing shareholders. By raising capital directly ineach establishment through our planned Future Development Financing Strategy wemay not have to dilute the existing shareholders to any great extent to grow thebusiness. As our cash producing businesses grow due to the plannedimplementation and hopeful success of the Future Development Financing Strategywe plan to utilize the available cash to pay for operations without having touse stock to pay for large and important operational items item such as staffand consultants.

The result of this is, that as our cash flow may grow as our dilution may slow.More specifically, we have developed comprehensive business and financial plansthat result in our development of a network of entertainment establishments thatshould operate on a cash positive basis and without incurring substantialdilution to stockholders such that the Company can possibly increase its overallvaluation substantially. This possible increase in the Company's overallvaluation may be accomplished by using the positive cash flow to buy back theCompany's common stock from the public float. There is no current plans toimplement a stock buy back program, although one is intended over the long-termand will only be implemented based on the success of the foregoing and solely ofthe discretion of the Company's management and board of directors. In additionto the above we plan we plan to invite direct investments into the Company toprovide funds for general corporate purposes.

posted June 03, 2004 11:09            

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FurrySound
-DD-GLTA-Unless I've quoted a source, I know not what I speak of.