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INTERNATIONAL STAR (OTC:ILST) ANNOUNCES PLANNED EXERCISE OF OPTION TO COMPLETE ACQUISITION OF BUDDING EQUITY AND ELECTION OF NEW DIRECTOR
INTERNATIONAL STAR (OTC:ILST) ANNOUNCES PLANNED EXERCISE OF OPTION TO COMPLETE ACQUISITION OF BUDDING EQUITY AND ELECTION OF NEW DIRECTOR.
About this update from International Star, Inc.
[{"type":"text","content":"\n\n\n\nINTERNATIONAL STAR (OTC:ILST) ANNOUNCES PLANNED EXERCISE OF OPTION TO COMPLETE ACQUISITION OF BUDDING EQUITY AND ELECTION OF NEW DIRECTOR\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nINTERNATIONAL STAR (OTC:ILST) ANNOUNCES PLANNED EXERCISE OF OPTION TO COMPLETE ACQUISITION OF BUDDING EQUITY AND ELECTION OF NEW DIRECTOR\nPR Newswire\nMIDDLETOWN, Del., Oct. 25, 2022\n\n\n\nMIDDLETOWN, Del., Oct. 25, 2022 /PRNewswire/ -- International Star, Inc. (OTC:ILST) (the \"Company\" or \"ILST\") today announced the election of Avi Minkowitz as the newest member of its Board of Directors. The Company also announced that it is in the final stages of exercising its option to purchase 100% of the outstanding shares of Budding Equity, Inc.\n\n \n \n \n \n \n \n\n \nElection of New Board Member\nOn October 20, 2022, Avi Minkowitz was elected to the Company's Board of Directors. A long-time entrepreneur with a passion for business development, Mr. Minkowitz started working with Leonite Capital in 2021 after a successful tenure at Parkit Enterprise Inc., a publicly-held Leonite portfolio company. Avi's experience includes real estate financing and acquisition, management, debt, and business development at publicly held and private companies. Prior to his career in finance, Avi co-founded two companies that were sold in 2012 and 2018. Avi serves in an advisory role for various startups, real estate financing firms and other businesses. \nAcquisition of Budding Equity \nThe Company has given notice to the shareholders of Budding Equity of its exercise of its option to purchase 100% of the issued and outstanding shares of Budding Equity, the Canadian-based company that partners with movie studios and celebrities to monetize their intellectual property in the global cannabis industry, using best in class manufacturers and distributors. As a result of this transaction, ILST will become Budding Equity's sole owner.\nCommenting on his election and the Budding Equity acquisition, Mr. Minkowitz stated: \"I am thrilled to be joining ILST's Board at this exciting time, as the Company is...