7 Star Entertainment Looks Forward to Strong Product Launches in 2014
22 11월 2013 - 10:00PM
Marketwired
7 Star Entertainment Looks Forward to Strong Product Launches in
2014
Company Anticipates Launch of Orbital Beacon and Orbital Media
Player Next Year
FORT LAUDERDALE, FL--(Marketwired - Nov 22, 2013) - 7 STAR
ENTERTAINNMENT, INC. (OTC Pink: SAEE) -- 7 Star
Entertainment is pleased to announce the coming launch of two
highly anticipated new product lines in 2014; the Orbital Beacon
and the Orbital Media Player. The Orbital Beacon's focus is
"location based technology" and will become the backbone of a new
generation of products created around a single concept of locating
people, places, and things. Whether it's your car, luggage or
even your child, the Orbital Beacon will help you find it. The
platform is powered by Orbital's patented Radio Direction Finding
(RDF) System that allows a small hand-held transceiver to locate a
paired Beacon. The Beacon currently has several patents pending and
patents awarded. According to research firm Strategy
Analytics, location based services and technology will generate $10
billion in revenue by 2016. "The profit potential for this
product line is substantial. We could be looking at millions in new
revenue by capturing even a relatively small percentage of this
market," 7 Star CEO, Carl Conte.
The technology that Orbital
has developed can be adapted to multiple applications. It can be
adapted to sense temperature or even rainfall in remote locations.
One application that has generated considerable interest has been
the Orbital cell phone case. The case uses Orbital's patented RDF
antenna system to locate items embedded with an Orbital Beacon in
short-range situations and indoors where GPS does not work. It will
work at ranges of one meter up to one kilometer and displays a
directional arrow and distance to the Beacon from where the user is
standing. If the Beacon is out of RDF range, it reports its
grid location. The technology has been put through rigorous testing
with the 82nd Airborne Division of the U.S. Army where the device
was used for finding items equipped with a Beacon that were dropped
from aircraft.
Another product launch we are
eagerly awaiting is the Orbital Media Player. The Media Player
supports all popular formats and traditional media player
functions. It will also allow for cable card; ensuring
compatibility with existing cable systems. Sales of the Beacon and
Media Player are expected to begin next year. "These cutting edge
technologies will propel 7 Star to the next level," 7 Star CEO,
Carl Conte.
7 Star would also like to
update its shareholders on the progress of completing the recently
announced acquisition of Orbital Laboratories. "Our management
team is working around the clock to finalize the acquisition and we
are on track for completion by month's end. We continue our
effort to promote shareholder awareness and wanted to take this
opportunity to explain how we expect the acquisition of Orbital to
drive the next phase of 7 Star's growth," 7 Star CEO, Carl
Conte.
About Orbital Laboratories,
Inc. - Orbital started as a U.S. brand producing commercial grade
premium LCD Televisions. In 2011 Orbital Laboratories, Inc.
acquired the rights to the name "Orbital" and created a partnership
to brand a US based company for global sales of LCD TVs for the
consumer market. The company's line of televisions, sizes 55" to
80", is currently available on Amazon.com. Search Amazon's website
for "Orbital Elite TV" to check out the latest pricing for their
TV's. The company's other products, including the Orbital Beacon
DNA technology devices and the Orbital Media Player, assist the
overall vision of Orbital; attracting consumers with innovative
applications, quality construction, and technology not available
from any other manufacturer. Please visit Orbital's website at
http://www.orbitaltv.com.
About 7 Star Entertainment,
Inc. - 7 Star currently owns and operates a portfolio of online web
properties, complementary online bidding, video, and affiliate
traffic websites, as well as a range of mobile e-commerce
applications such as location based services, mobile checkout, and
credit card processing. 7 Star also focuses on acquisition
opportunities and strategic partnerships to accelerate the
company's growth. For more information on 7 Star Entertainment,
Inc. please visit the company website at
http://www.7StarEnt.com.
Forward-Looking Statements:
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), and as such, may involve risks and
uncertainties. Forward-looking statements, which are based on
certain assumptions and describe future plans, strategies, and
expectations, are generally identifiable by the use of words such
as "believe," "expect," "intend," "anticipate," "estimate,"
"project," or similar expressions. These forward-looking statements
relate to, among other things, expectations of the business
environment in which the Company operates, projections of future
performance, potential future performance, perceived opportunities
in the market, and statements regarding the Company's mission and
vision. The Company and all affiliated parties do not assume any
duty to publicly update or revise the material contained
herein.
Investor Relations Phone: 1-866-354-7171 Email:
info@7starent.com Website: www.7StarEnt.com
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