NEW YORK, June 11, 2012 /PRNewswire/ -- Star Entertainment Group Inc. (OTC: SETY) wholly owned subsidiary Tranzistor Systems announced its slate of first to broadcast channels and stations today. Tranzistor Systems is looking to deploy this music network on top of their new Tranzistor Radio and already established Virtual Radio product in Europe and Asia. Virtual Radio already has a download base of 5,000,000 applications and recently released its iPhone application. The Tranzistor Radio iPhone application is soon to be released- both are available on Android.
The stations include:
Tranzistor Rock and Metal
Tranzistor Hip/Hop and Rap
Tranzistor R&B and Jazz
Smooth Wave Radio
"Internet usage in the U.S. and the world continues to climb. Americans are spending about one third of their leisure time online listening to music and watching video. According to eMarketer Daily and Bridge Ratings growth is predicted to reach 200 million monthly listeners by 2020, up from the current levels of around 150 million monthly listeners and we are dedicated to creating product to share in that market evolution and the forward progress of mobile listening," said Josh Eikov Tranzistor President and Star Entertainment Group CEO.
OTC Markets had recently upgraded the Company to the highest trading Status of Pink Current Information. This new current status in both federal and state filings, together with the acquisition of Tranzistor Systems, Inc and Tranzistor's acquisition of NINJ GmBH. have accelerate the implementation of the Company's new business strategy.
Tranzistor's product and technology has been assessed in excess of $10 million and a number of products and services are under development and synergistic potential joint ventures and acquisitions are under negotiation. Tranzistor has projected annual revenues to reach $87.6 million by 2014 and in excess of $231 million by 2016, as Tranzistor's service set expands internationally.
NINJ's VirtualRadio was first released in 2005 and has quickly become a top rated phone app in Europe, Asia and the Emerging Markets. VirtualRadio has been downloaded more than 4,000,000 times and attracts a regular monthly user base of approx. 80,000 listeners. NINJ can be found on the web at www.NINJ.COM or www.VRadio.org .
The Company will provide periodic updates on the progress of its initiatives and potential acquisitions.
About Star Entertainment Group
Star Entertainment Group, Inc. is an independent investment, management, and holding company focusing on new media and digital content, delivery and monetization of multi-dimensional Online Customer Communities through the integrated use of online; interactive, real-time Internet television broadcasting; Internet radio networks; participatory mobile applications; proprietary search capabilities and intuitive advertising platforms. The Company will operate as a central hub, utilizing our strengths in M&A, capital and resource management and will proactively minimize risk by teaming with experienced technologies operators, leveraging their experience and knowledge.
About Tranzistor Systems Inc.
Tranzistor Systems, a wholly owned subsidiary of Star Entertainment Group, is a consumer technologies company developed to address the independent music, social media and entertainment markets and is a home for artists, bands, fans and indie labels to cross-pollinate and create multiple revenue streams. With our internet radio and discovery platforms Tranzistor will be the first interactive company and brand to widen the demographic for fans, indie labels and independent artists. Tranzistor will focus on developing and monetizing their content.
About NINJ GmBH
NINJ is the developer and operating subsidiary of Tranzistor Systems engaged in creating internet radio players and the management of VRadio.org.
This information includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives and goals of the Company management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. Matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include but are not limited to risks and uncertainties associated with the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Forward-looking statements are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.
Star Entertainment Group
SOURCE Star Entertainment Group Inc.