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CORRECTING and REPLACING BlueStar Health Enters into Definitive Acquisition Agreement With Gold Leaf Homes

Posted on: Wednesday, 2 November 2005, 21:00 CST

Please replace the release with the following corrected version due to multiple revisions.

The corrected release reads:

BLUESTAR HEALTH ENTERS INTO DEFINITIVE ACQUISITION AGREEMENT WITH GOLD LEAF HOMES

BlueStar Health Inc. (OTCBB: BLSH) announced today that it has signed a definitive agreement to acquire Magnolia, Texas based Gold Leaf Homes. Upon closing of the transaction, which is subject to the approval of the BlueStar shareholders and is anticipated to take place in December, the Company will immediately file for a name, trading symbol and CUSIP change to reflect that Gold Leaf Homes will be the surviving business within the company.

Gold Leaf Homes, the 9 year old residential home builder that builds residences with price ranges from $130 Thousand to over $1 Million, has posted solid revenue and earnings growth over its operating history.

Blue Star Health CEO, Alfred Oglesby, commented, "We believe that this acquisition will provide the best opportunity for us to drive shareholder value in near and mid-term. Ongoing analysis of Blue Stars' preventative care, physical therapy and wellness services businesses suggest that while they offer supreme growth potential over the long term, these businesses require significant capital investment and longer time horizons to realize adequate returns on invested capital." He Continued, "Gold Leafs' business, however, appears primed for immediate quantum growth with no additional investment capital needed. As such, this transaction represents a "no brainer" opportunity for all of the Company's stakeholders. Gold Leaf Homes, CEO, Tom Redmon, has over 35 years in the homebuilding business, having held senior management positions at respected builders such as Standard Pacific Corp. (NYSE: SPF - News). The board is confident that his experience and abilities will lead the Company into a new era of growth and profitability.

Gold Leaf Homes CEO, Tom Redmon, stated, "We are very excited with our forward looking growth opportunities, particularly so with respect to the next 12 to 24 months. The acquisition is anticipated to enable Gold Leaf to acquire other homebuilders that have been identified and utilize economies of scale to dramatically ramp-up revenues, increase net income margins and target market share from competitors."

Safe Harbor

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 Raptor Investments, Inc., and members of its 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.

FOR FURTHER INFORMATION on BlueStar Health, Inc. contact: Brass Bulls, Corp. Marc Lovito

Source: Business Wire

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