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HNN Plans to Become the Leading Hispanic Network News Channel in the United States
FREDERICK, MARYLAND - Solutrea Inc. (Solutrea), the main subsidiary of Powerstar International Inc.,(TSX VENTURE:PWS), the wireless and digital signage solutions provider, has entered into a Joint Venture Partnership with Fusion Communications to start the Hispanic News Network (HNN). The Hispanic Population is the fastest growing demographic in the United States. The vastly under represented Hispanic market has few network news viewing alternatives and the launch of HNN will fill a rapidly growing need for quality Spanish -language news programming. HNN is being produced in cooperation with a major Mexican Television station and will be distributed via their local US affiliates as well as via major cable providers. "Fusion Communication's experience producing network television programming such as the Independent News Network (INN) combined with state of the art studios will be invaluable to Solutrea's future growth in the media industry" said David Lauterbach, President of Solutrea, Inc, " the marriage of HNN with Solutrea's Digital Media Portfolio of digital signage, corporate communications, hot spots, and VOIP we offer a unique range of services to the Hispanic marketplace which is not offered by any network competition This relationship provides Solutrea with direct access to the enormous economic potential of the Hispanic marketplace delivering advertising revenue to our hot spot and digital signage businesses." "We are excited about joining with Solutrea to bring HNN to life" said David McAnally, President of Fusion Communications, "Solutrea brings depth of marketing and sales experience. When added to Fusion's experience developing first rate television productions should make HNN the premier network for the Hispanic Market." Under the terms of the agreement Solutrea will immediately invest $100,000 and up to another $900,000, on a schedule to be a agreed to by both parties, for a total investment of $1,000,000 for 40% ownership of the Joint Venture. Fusion has invested over $2,000,000 to develop the project and has reached tentative agreement with the largest cable provider in the country to include HNN in it's cable television packages. HNN is anticipated to be cash flow positive within 60 days of broadcasting and has an anticipated first year revenue of over $2.7 Million dollars. About PowerStar International Inc. PowerStar is a provider of digital signage/communications networks for consumers, businesses and the US government. Powerstar's provides services under its Solutrea brand and companies. The company provides public Wi-Fi networks, digital signage, corporate communications and Business Television over wireless, satellite and terrestrial platforms. Powerstar International Inc.'s shares trade on the TSX Venture Exchange, trading as TSX-V: PWS. For more information visit www.solutrea.com About Fusion Communications Fusion Communications is an integrated Broadcast studio production and satellite uplink facility located in the heart of the Midwest, Davenport, Iowa. Fusion provides services that facilitate and produce family quality television and film for millions of viewers every day. Fusions integrated approach to production combines resources within the largest studio and production facility under one roof between Chicago and Salt Lake City. We offer complete production solutions with state of the art post production, animation and location services. Fusion Communications Distribution engine is one of the fastest growing in the Midwest. Designed for the growing needs of broadcasters, cable providers and broadband platforms, Fusion's multi million dollar master control, satellite uplink and broadband delivery platform and facility is a state of the art facility. For more information visit www.fusion-com.tv. About the Hispanic News Network Hispanic News Network is a new 24 hour Spanish Language news network designed for broadcasters digital tier channels. The project is a joint venture between Fusion Communications, Independent News Network and Solutrea, Inc. HNN will deliver news, sports, weather, entertainment and lifestyle content in a 24 hour format. Local broadcasters will also have the ability to cut in content for local news and other regional information. The Network will originate from the Fusion Communications headquarters in Davenport Iowa, and have news bureaus across the US and Mexico. Forward-looking Information Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. These may include, without limitation, statements based on current expectations involving a number of risks and uncertainties related to all aspects of the wireless and wireline communications industry and the global economy. These risks and uncertainties include, but are not restricted to: the short history of Powerstar International Inc. and its main subsidiary, Solutrea Inc., (the Company), the dependence of the business model on advertising whilst the Company has no advertising track record,; that the Company may be required to raise additional capital to execute its business plan; that the Company will need to acquire or develop new services to continue to grow its business; that the Company requires investment to translate its vision into sustainable profit in the market; that the Company is dependent on the performance of its key officers and employees; that changes in regulatory environment could materially adversely affect the Company; and that the Company has and may make acquisitions of products, services, technologies or businesses which could materially adversely affect the Company. These risks and uncertainties may cause actual results to differ from information contained herein, when estimates and assumptions have been used to measure and report results. There can be no assurance that such forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. FOR FURTHER INFORMATION PLEASE CONTACT: Solutrea Inc. Hatim Zaghloul Chairman and CEO (403) 285-0223 Email: hzaghloul@solutrea.com News Comments
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