Star Entertainment Releases Details of Tranzistor Systems' MediaPal eCommerce Platform: Digital Spending to Reach 33% of Overall Spending by 2014

MIAMI and NEW YORK, June 20, 2012 /PRNewswire/ -- Star Entertainment Inc. (PINKSHEETS: SETY), a leader in digital distribution today announced the details of its Tranzistor Systems eCommerce division,  MediaPal, a  software platform that enables content owners of any size to profitably sell content via their Internet site.  This platform allows Tranzistor to add to its growing list of offerings, which already include distribution of digital assets in the online space. Tranzistor has established the Music 3.0 Ecosystem which directly links a musician or band to their distribution platform while monetizing and building fan loyalty along the way.

According to PWC during the next five years, the economic recovery will help to support a revival in the non-digital components of the market — but the renewed growth in non-digital spend will be significantly outpaced by digital increases. Overall spending related to digital services and platforms will rise at a rate of 12.1 percent compounded annually during the five-year forecast period, compared with a much slower compound annual growth rate of 2.6 percent for non-digital. This disparity will see digital's share of overall spending reach 33 percent in 2014.

"The Internet and digital media offer artists such a huge canvas for delivering their talent to the masses," said Tranzistor Systems CEO Josh Eikov.  "Whether it is music, video or the written word, these artists have the opportunity to entertain their fans as well as find new ones with the ability to monetize their craft from any webpage or blog that they want to across the entire Internet. The major internet retailers do not give the band or fan the type of granular control over what content is sold or how it is purchased as effectively as Tranzistor Systems can."

Tranzistor Systems Inc., which specializes in delivering these digital media, in the form of music/video download and Internet radio, will utilize the MediaPal software platform to help site owners build an ecommerce site on their own space.  Additionally, the platform allows artists to build out an ecommerce solution through their social media presence on sites like Facebook and MySpace. Information on MediaPal can be found on www.mediapal.com

Tranzistor Systems had announced its slate of first to broadcast channels and 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. 

Virtual Radio was previously acquired by Tranzistor Systems, Inc. as part of the NINJ GmBH acquisition.  NINJ is a pioneer in developing ground breaking mobile technology since 2005. Their VirtualRadio product has established a market leading position in the fast growing segment of Internet based Radio Software and Services for mobile phones.

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.

The Company will continue to 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.

Forward Looking Statements - Safe-Harbor Statement

Statements made in this press release that are not historical facts constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21 of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are necessarily estimates reflecting the best judgment of senior management and express the Company's opinions about trends and factors which may impact future operating results. Such statements rely on a number of assumptions concerning future events, many of which are outside of the Company's control, and involve risks and uncertainties that could cause actual results to differ materially from opinions and expectations. Any such forward-looking statements should be considered in context with the various disclosures made by the Company about its businesses. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations. For further information regarding risks, uncertainties, and other factors associated with Star's business and copies of Star's press releases and additional information about Tranzistor Systems, please refer to  http://www.StarEntertainGroup.com

Star Entertainment Group
[email protected]
(570) 213-4204

SOURCE Star Entertainment Group, Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED