January 19, 2007
North Star Diamonds Inc. Announces North Star Strategic Minerals, Inc. Share Distribution
BELLINGHAM, WA, Jan. 19 /PRNewswire-FirstCall/ -- North Star Diamonds, Inc. (Pink Sheets: NSDM) North Star Diamonds Inc. is pleased to announce the completion of the spinout of North Star Strategic Minerals, Inc. The shares in electronic form have been distributed by the DTC to the brokerage houses. The shares in certificate form are in the process of being mailed out, upon confirmation of the mailing address. Further information will be posted on its own website, http://www.northstarstrategicmineralsinc.com/. The North Star & Zale, Inc. spinout is going ahead as scheduled. The record date was January 5, 2007 with the payment date being January 19. Mr. William Marygold, a businessman from West Hills, California, has accepted the position of President of North Star & Zale, Inc. Walter Stunder will be a director of the Company.
About North Star Diamonds, Inc.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of North Star Diamonds Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: Toll Free: 1-877-454-7872, or Email: [email protected], Walter Stunder, President
North Star Diamonds, Inc.
CONTACT: Toll Free: 1-877-454-7872, or Email:[email protected], Walter Stunder, President