LAS VEGAS, NV -- (MARKET WIRE) -- 01/11/05 -- Tuesday January 11, 2005 ---LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") (OTC BB: LVSG) today notifies its current and prospective shareholders that the Company is progressing positively towards the acquisition of The Las Vegas Footwear Company.
Initial due diligence is complete and steps towards a definitive agreement and subsequent closing are advancing rapidly. The Company is working towards a closing as early as possible in the first quarter so LIVESTAR can benefit from the outstanding business development activities Las Vegas Footwear is putting together, such as an involvement with this year's Las Vegas Centennial Celebrations.
Las Vegas Footwear is developing itself to be the number one shoe and miscellaneous footwear provider, in Las Vegas and worldwide, offering Las Vegas branded footwear. Las Vegas Footwear is the first in creating and designing footwear for the family (men's, women's, children's) that creates a "Las Vegas Only Feeling."
Mr. Ray Hawkins, CEO of LIVESTAR, commented: "Everyone we have arranged a private viewing of the business plan and the shoe line calls this acquisition a "winner." We feel Las Vegas Footwear, which is a business that can grow quickly and generate substantial and predictable revenues and earnings, is a key acquisition for our diversification plan."
The acquisition, which is subject to due diligence and final negotiations, is planned to be accounted for as a stock purchase. However, other terms of the acquisition will not be announced until the acquisition has been finalized.
About LIVESTAR Entertainment Group, Inc.
LIVESTAR is in the process of transitioning to a holding company structure. The core business of LIVESTAR Entertainment Group, Inc. is currently the development of entertainment entities, specifically; Liquor Licensed Entertainment Establishments (namely nightclubs and lounges) and Live Entertainment (concerts and special events).
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I tried to get out at .0325 and bits and pieces of my order were filled all the way down to .0285. I bought it at .028. Well i made a profit of 18% but it could have been much better if those MM's didn't keep lowering the bid. LOL Jonathan
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JONG, why would you sell when the MM are taking the price down to get your shares CHEAP. This play LVSG IMO is a 3 week buy and HOLD, the float is 14 million and the MM are running out of shares, if we hold we see .30 within 3 weeks. You sold me your shares and i got them I am in it for the long run. Charts show a lot of room to go! This is just the beginning of a multiple day runner IMO
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While there is a good chance you are right I saw a good profit for the day and tried to get out with all of it but failed. I guess you could say i panicked when it started coming down but i am happy with today's earnings and will continue to watch it from the sidelines. Jonathan
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I'm with ya on that. When I bought this morning I had planned to hold till the end of the month.. or till it hits .3 - .6!!
quote:Originally posted by Stock_Analyzer: JONG, why would you sell when the MM are taking the price down to get your shares CHEAP. This play LVSG IMO is a 3 week buy and HOLD, the float is 14 million and the MM are running out of shares, if we hold we see .30 within 3 weeks. You sold me your shares and i got them I am in it for the long run. Charts show a lot of room to go! This is just the beginning of a multiple day runner IMO
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Going back up. If i had listened to you guys i would have been fine. Next time i should go out for a walk so i am not staring at Level II all day.
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ask of .035 will not hold long IMO. We are all holding so well the MM keep raising bids to get some shares but NO soup for you LOL. I think target of .30 will be here 2 weeks or 3 max IMHO all...charts are breaking channel now.
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well the longer we hold glass the bigger the reward, small buys at ask on lvsg and hold for (me personally) .20 range means big big reward, buy on dips add support as well
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LIVESTAR Entertainment Group Inc. (OTCBB: LVSG - http://finance.yahoo.com/q?s=LVSG.OB ): LIVESTAR Entertainment Group Inc. today notifies its current and prospective shareholders that the Company is progressing positively towards the acquisition of The Las Vegas Footwear Company.
Initial due diligence is complete and steps towards a definitive agreement and subsequent closing are advancing rapidly. The Company is working towards a closing as early as possible in the first quarter so LIVESTAR can benefit from the outstanding business development activities Las Vegas Footwear is putting together, such as an involvement with this year's Las Vegas Centennial Celebrations.
Las Vegas Footwear is developing itself to be the number one shoe and miscellaneous footwear provider, in Las Vegas and worldwide, offering Las Vegas branded footwear. Las Vegas Footwear is the first in creating and designing footwear for the family (men's, women's, children's) that creates a "Las Vegas Only Feeling."
Mr. Ray Hawkins, CEO of LIVESTAR, commented: "Everyone we have arranged a private viewing of the business plan and the shoe line calls this acquisition a "winner." We feel Las Vegas Footwear, which is a business that can grow quickly and generate substantial and predictable revenues and earnings, is a key acquisition for our diversification plan."
The acquisition, which is subject to due diligence and final negotiations, is planned to be accounted for as a stock purchase. However, other terms of the acquisition will not be announced until the acquisition has been finalized.
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NITE TRYING so bad to get shares but nothing..good job holding all. IMO if we hold we pass .06 and then race MM's to .20+ lol Great chart FURRY
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Staying strong..MM have no shares, trying to lower ask, we are winning all, its a sign of a great play when we hold tight, they lose ha ha
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Just a word to the wize, not bashing but they have done at least 2 R/S in the last six months, LSTA TO LSTE to LVSG. Lots of people lost big on this one so be carefull. May have turned around and eveyone will make money now. At least I hope so for all holding
-------------------- You never really grow up you just learn how to act in public.
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quote:Originally posted by poorman: Just a word to the wize, not bashing but they have done at least 2 R/S in the last six months, LSTA TO LSTE to LVSG. Lots of people lost big on this one so be carefull. May have turned around and eveyone will make money now. At least I hope so for all holding
also being pushed by a group, money can be made just play smart
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