Eastern Asteria, Inc. Enhances Shareholders Value

Eastern Asteria, Inc. Enhances Shareholders Value

BOCA RATON, Fla.--(BUSINESS WIRE)-- Eastern Asteria, Inc. (the Company) (EATR), is pleased to announce that Eastern Asteria has endorsed and agreed to the sale of all of bNET's assets to a current SEC reporting Issuer.

"Eastern Asteria, has conducted its independent due diligence, and fully endorses this pending transaction. The enhancement of bNET's Independent Board of Directors, along with their level of expertise, and bNET's proven and successful business model will be one of the mechanisms that will increase shareholder value. This pending transaction will position the company to assess its positive impact and the benefits that will accrue to the shareholders," said Dave Young, Vice-President & Director of Eastern Asteria, Inc.

Eastern Asteria, Inc. (www.easternasteria.com) (OTC: EATR) is a multi-faceted company with global operations that retails gems and precious gemstone jewelry, as well as offering multimedia and other communication related technologies to assist companies in branding and growing their operations.

This release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of Eastern Asteria, Inc. and its subsidiaries, including thegemstore.com, Inc. Winmax Media, (hereafter collectively referred to as "the Company," "we," "our" or "us") to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The words or phrases "would be," "may allow," "intends to," "may likely," "are expected to," "may continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Such statements include those concerning our expected financial performance, our corporate strategy and operational plans. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties, including: (a) intense competition in the web development design, Internet solutions, e-commerce, and retail E-business; (b) whether we are able to manage our planned growth efficiently, including whether our management will be able to identify, hire, train, retain, motivate, and manage required personnel or that management will be able to manage and exploit existing and potential market opportunities successfully; (c) whether we are able to generate sufficient revenues or obtain financing to sustain and grow our operations. TheGemstore.com, Inc., and Winmax Media, all are wholly owned subsidiary of Eastern Asteria, Inc. All of the agreements and event coverage that each of the subsidiaries have entered into should not be construed by any means whatsoever as having any impact on or a reflection of the Company's future stock price or future financial.

Eastern Asteria, Inc.
Dave Young, 561-221-1450
Vice President and Investor Relations

KEYWORDS: United States North America Florida


The article Eastern Asteria, Inc. Enhances Shareholders Value originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.