Los Angeles, California. November 13, 2014/OTC News Service. The company is pleased to announce that AvStar Aviation Group, Inc has changed its name to Spotlight Capital Holdings, Inc. Along with changing its name, the company is changing its business structure and primary focus. We will no longer be involved in the aviation business, but we will use past contacts to help facilitate the company's new objectives. The company's focus will be on entertainment projects and other profitable business ventures surrounding the production, distribution of movies, music, concert performances and E-Commerce.
In order to attempt to stabilize the company financially, the Board of Directors approved a 50 to 1 reverse split of the company's common stock currently outstanding. The effective date of the reverse was November 6, 2014. In addition to the reverse, the company requested a new trading symbol, which was also approved on November 6, 2014. The company is currently trading under symbol AAVGD soon to be SLCH
The company is making plans conduct business in January of 2015.
Safe Harbor Statement
The information posted in this release may contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. You can identify these statements by use of the
words "may," "will," "should," "plans,"
"explores," "expects," "anticipates,"
"continue," "estimate," "project,"
"intend," and similar expressions. Forward-looking statements involve
risks and uncertainties that could cause actual results to differ materially
from those projected or anticipated. These risks and uncertainties include, but
are not limited to, general economic and business conditions, effects of
continued geopolitical unrest and regional conflicts, competition, changes in
technology and methods of marketing, and various other factors beyond the
Company's control.
SOURCE Spotlight Capital Holdings, Inc.
Investor
Relations:
Aaron
Johnson
Andre' L. Ligon
Phone: (213) 337-6784
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