Science & Technology
Science and Technology
Science and Technology 
Wed, January 7, 2009
Tri-Star Holdings, Inc.: Tri-Star Holdings, Inc. Announces Sale of Assets to UC Hub, Inc., Dividend
FT. LAUDERDALE, FL--(Marketwire - January 7, 2009) - Tri-Star Holdings, Inc. (
"This transaction is to the best benefit of Tri-Star shareholders," said Tri-Star President Anthony Mellone. "In addition to retaining their position in Tri-Star, each shareholder will receive a pro rata dividend in a transparent, fully reporting company better suited to more rapidly capitalize on the potential of the collective mining assets, with new, more efficient technologies for metals recovery. Indeed, many shareholders will realize a multiple of earnings in return on their investment in Tri-Star Holdings upon receipt of the pro rata dividend, with only a six month restriction on the UC Hub shares," he concluded, citing that this means the $3,800,000.00 of UC Hub common stock will be divided evenly by the shareholders of the issued and outstanding shares of Tri-Star Holdings.
Tri-Star Holdings, Inc. shareholders of record on January 30, 2009 will receive the dividend shares relative to their number of Tri-Star shares held as of January 30, 2009 (the closing date of the UC HUB/Tri-Star Agreement). The dividend's distribution date will be determined and announced in the near future.
Additionally, Tri-Star management stated it is in negotiations with multiple undisclosed mergers and acquisitions targets in the medical industry that it intends to announce later this week following the execution of customary non-disclosure/Letter of Intent documents.
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.