PlayStar completed a private placement with investors for $300 000 USD.
Richard Levenstein had joined the company as its Internet casino
consultant. Levenstein commented today, “I am pleased that the company
has moved swiftly to supply the funding necessary for us to embark on
the first phase of our redevelopment strategy. Whilst we are currently
upgrading our hardware, we also intend to enhance our Casino graphics
and expand our portfolio of games that will include the development and
launch of PlayStar’s ‘reach for the stars’ progressive jackpot slot
machine. Progressive slots attract huge attention because of their
potential for enormous jackpots. It is our intention to revise the
PlayStar newsletter; this new format newsletter will be a valuable
source of information for both
shareholders and players alike.”
The first edition of the newsletter will be available May 1st.
