I have been following Prime Star Group for a while and played it several times recently. I'm in again and volume has been coming into this stock pretty heavy the last couple days. Looking to see if it can take out a penny at this point.
PSGI Video Chart
News after the bell yesterday:
Prime Star Group Appoints New President
Ed Braniff Appointed President of PSGI
LAS VEGAS, NV--(Marketwire - 02/10/11) - Prime Star Group, Inc. (OTC.BB:PSGI) (Pinksheets:PSGI) is pleased to announce that it has appointed Ed Braniff as President of Prime Star Group, effective March 1, 2011. Mr. Braniff will replace Roger Mohlman as President. Mr. Mohlman will continue to serve the company as Chief Executive Officer and Chairman of the Board of Directors. Mr. Braniff is an executive with many years of experience in the public arena.
Ed Braniff is 61 years old and from 2005-2010 served as the chief financial officer, then chief executive officer of Smart Energy, Solutions, Inc. From 2001 to 2003, Mr. Braniff was the CFO and chief operating officer of Cedar North America, a global consulting, applications and outsourcing firm that is a division of The Cedar Group, PLC. At Cedar North America, Mr. Braniff was responsible for all operational contracts, financial, information technology and legal operations. From 1999 to 2000, Mr. Braniff served as chief financial officer and chief operations officer for The Global TeleExchange, a facilities-based, internet enabled carrier services provider. Mr. Braniff was employed by AT&T for 27 years, in various positions including assistant treasurer, assistant controller and chief financial officer of AT&T's International and Operational Divisions.
Roger Mohlman, CEO of Prime Star Group, stated, "Having Mr. Braniff join the Prime Star family provides our organization with a proven leader. His expertise and abilities are an instant asset to the company. Mr. Braniff will develop a strategic plan to advance the company's mission and objectives and to promote revenue, profitability, and growth as an organization. We are thrilled to have Mr. Braniff as a member of our team."
About Prime Star Group
Prime Star Group, Inc. is a holding company that focuses on four areas of business: SmartPax™ Packaging, Premium Food & Beverage Products, and Distribution. The company's operating subsidiaries produce, market, and distribute wines, tea, adult mixed beverages, flavored water, and gourmet seafood products. The company also produces co-brand and co-pack existing high-end beverages and private label liquors for large hospitality and entertainment brands. Prime Star is focused on the food and beverage, entertainment, hospitality, healthcare and disaster relief industries.
PSGI - Prime Star Group, Inc. (OTCBB Stock)
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