AquaStar Holdings, Inc. to Complete Name Change to SUTIMCo International to Better Reflect Business Model

SANTA ANA, Calif., May 5, 2011 /PRNewswire/ -- AquaStar Holdings, Inc. (Pink Sheets: RPPR) announced today that it is changing its corporate name to SUTIMCo International, Inc. The new corporate identity reflects the Company's objective to launch new technology enterprises based on world-class university research discoveries. AquaStar Holdings, Inc. expects the entire approval process to take up to thirty days to complete.

In connection with the name change, the Company will undergo a branding transition that includes a new logo design as well as an entirely revamped website and social media campaign. SUTIMCo operates as a Venture Accelerator, offering development services to start-up companies for up to three years.  The company manages and develops businesses in health & wellness, energy/environmental, advanced materials, sensors and electronic technology ventures to build upon the research of a host of prestigious Universities across the United States. SUTIMCo's business model and methodologies help create high growth companies taking innovation from laboratory to marketplace.

"In this market, it is important for the Company to change our name to better reflect our new focus in providing experienced management to the development of early stage companies," stated Malcolm Lennie, President of AquaStar Holdings, Inc.

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.

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SOURCE AquaStar Holdings, Inc.