EATR Eastern Asteria Inc (CE)

Eastern Asteria, Inc. (the Company) (PINKSHEETS: EATR) is pleased to announce that the board of directors of the company has declared a dividend to shareholders of record as of July 30th 2010. The dividend will be paid in the form of shares of bNET Communications, Inc. Eastern Asteria acquired these shares during the sale of assets of bnetTV.com, Inc.

"As we originally stated in our shareholders conference call on April 6, 2010, the company is pleased to pay out this dividend. Having the opportunity to participate in being a stockholder of bNET Communications, Inc. will allow Eastern Asteria stockholders the ability to realize even further growth of their investment," said Gerald E. Sklar, President and CEO of Eastern Asteria, Inc.

About Eastern Asteria, Inc. Eastern Asteria, Inc. (www.easternasteria.com) (PINKSHEETS: 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. Eastern Asteria, Inc. head office is located in Orlando, Florida and New York, New York.

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, Inc.(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 webcasting, online media, 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, Inc. 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

Add to Digg Bookmark with del.icio.us Add to Newsvine

For further information, please contact: Dave Young Vice President and Investor Relations Phone: 877-693-3130 Email: Email Contact http://www.easternasteria.com