Business
7 Star Nears Completion of Orbital Acquisition & Announces Plans of Up-Listing
7 Star Nears Completion of Orbital Acquisition & Announces Plans of Up-Listing.
About this update from Vitality Prime Inc.
[{"type":"text","content":"\n \n \n 7 Star Nears Completion of Orbital Acquisition & Announces Plans of Up-Listing\n \n \n7 Star Nears Completion of Orbital Acquisition & Announces Plans of Up-Listing\n\nCompany Is in Final Stages of Due Diligence to Complete Acquisition of Orbital Laboratories, Inc.\n\n \n FORT LAUDERDALE, FL--(Marketwired - Nov 18, 2013) - 7 STAR ENTERTAINNMENT, INC. (OTC Pink: SAEE) is pleased to announce that they are near completion of the Orbital Laboratories acquisition. 7 Star is confident that the acquisition will bring significant near and long-term benefits to the company and the shareholders. \"We see a tremendous opportunity in the acquisition of Orbital. They bring to the table a valuable patent portfolio and an exciting pipeline of new products. We feel that the revenue potential for the combined company over the next 24 months and beyond is substantial and I believe that we are less than a week away from completing the final agreements,\" said 7 Star CEO, Carl Conte. \n Orbital anticipates a significant increase in revenues beginning next year as their advertising and marketing strategy takes effect and sales of their beacon and media player technologies begins. The company expects to see a dramatic increase in sales of their existing line of LCD televisions. The televisions are currently available on Amazon.com, and the company has also entered into a marketing agreement with Continental Marketing (www.cmsales.com). Orbital plans to increase their retail presence through their rapidly expanding exclusive dealer network. These dealers will carry the full line of Orbital electronics and will be a showcase for the company's new technologies.\n Following the acquisition, 7 Star plans to begin the process to up-list the company & hopefully be ready by the second quarter of 2014. \"We seek full transparency for our shareholders and up-listing the company will clearly bring much better value to them,\" said 7 Star CEO, Carl Conte. \n About Orbital Laboratories, Inc.\n Orbital started as a U.S. brand producing commercial grade premium LCD Televisions. In 2011 Orbital Laboratories, Inc. acquired the rights to the name \"Orbital\" and created a partnership to brand a US based company for global sales of LCD TVs for the consumer market. The company's line of televisions, sizes 55\" to 80\", are currently available on Ama...