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7 Star Entertainment Inc. Enters Into Letter of Intent for Acquisition
7 Star Entertainment Inc. Enters Into Letter of Intent for Acquisition.
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[{"type":"text","content":"\n \n \n 7 Star Entertainment Inc. Enters Into Letter of Intent for Acquisition\n \n \n7 Star Entertainment Inc. Enters Into Letter of Intent for Acquisition\n\nCompany Plans to Acquire Electronics Technology Company\n\n \n FORT LAUDERDALE, FL--(Marketwired - Nov 14, 2013) - 7 STAR ENTERTAINNMENT, INC. (OTC Pink: SAEE) today announced that it has entered into a letter of intent to acquire California based Orbital Laboratories, Inc. Orbital Laboratories is a consumer electronics company that is engaged in the development of new products, including wireless, cellular, and new media technologies. \n Orbital is creating a historic first, encrypted \"Organic Network\" which is comprised of technologies that actively search, share and evaluate resources. It is a public/private network of a wireless layer for electronics that customers can use to securely locate missing assets and individuals. The system also creates an individually controlled content environment with access to all forms of media obtained through one location source. It can even help another device that is having trouble or locate a missing specific resource. Orbital's technology has patents pending, patents awarded, and several under exclusive license. All the patents are in the location-based service industry that enables a new generation of products built around a common concept: locating the people, places and things that are important in life. This is particularly valuable in emergency situations for example to locating a child or other family members. Most importantly, this Organic Network introduces a revolutionary new way for the world to connect and positions Orbital Laboratories to be an essential part of our collective future.\n Says CEO Carl J. Conte, \"We couldn't be happier about this merger and the great value it will bring to our shareholders. Orbital's management team is made up of individuals who are leaders in their respective fields. Their expertise ranges from engineering, to PR, to finance.\" 7 Star is completing the Due Diligence stage of the acquisition and we hope to enter into a final agreement within the next few weeks. The company plans to keep shareholders updated with regular announcements. Please visit the Orbital Web-site at: www.orbitaltv.com\n About 7 Star Entertainment, Inc.\n 7 Star owns and operates a portfolio of online dating web ...