AquaStar Holdings, Inc. Appoints Fred Rogers as Chairman of the Board

SANTA ANA, Calif., June 16, 2011 /PRNewswire/ -- AquaStar Holdings, Inc. (Pink Sheets: RPPR) is pleased to announce that Fred Rogers has been appointed Chairman of the Board of Directors of AquaStar Holdings. Mr. Rogers currently serves as the President and CEO of SUTIMCo, Inc.

Mr. Rogers has been Chief Operating Officer of Wildcap Energy since June 2007.  For 35 years, Mr. Rogers has been a devoted student of business, and has done extensive research and analysis in the process of technology commercialization.  From 1996 to the present, Mr. Rogers is the founder, a director of, and president of Select University Technologies Inc., a licensor of technologies developed by universities, and general partner of SUTI Holdings, LP (a stockholder of the company). Mr. Rogers extensive experience of locating, developing, and financing emerging technologies has resulted in partnerships with the top Universities in the Country, including Clemson University, University of Arizona, Penn State, University of Utah, and the University of Southern California, amongst dozens of others.

"The future is now for AquaStar Holdings.  I look forward to working with our team and bringing real results to our shareholders and University partners," stated Fred Rogers, Chairman of AquaStar Holdings.

"Fred has been a real valuable member of the AquaStar team.  I believe we will all benefit from his leadership," stated Malcolm Lennie, President of AquaStar Holdings, Inc.

In further news, the Company announced that it has completed the name change to SUTIMCo International, Inc. with the Secretary of State Nevada and is currently in the process of submitting the appropriate filings with FINRA for a name and symbol change.

For more information on SUTIMCo, its portfolio companies, and University partners, please visit; http://www.suti.com

About AquaStar Holdings, Inc.:

AquaStar Holdings, Inc. is a holding company, which utilizes a unique and established platform to launch new technology enterprises based on world-class university research discoveries. AquaStar Holdings, through its wholly owned subsidiary SUTIMCo, Inc., provides experienced management to early stage companies, reducing risk and assuring the know-how in launching and growing a new company. In addition to this skilled management team, AquaStar Holdings can avail itself of the encyclopedic, informal knowledge of the inventor, his experience and his research team.

Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results

Source: AquaStar Holdings, Inc.
Investor Relations
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SOURCE AquaStar Holdings, Inc.