LAS VEGAS, NV – NU STAR HOLDINGS, INC. (OTC: NSHJ) today announced the signing of a Letter of Intent to purchase up to 100% but not less than 80% of the issued and outstanding shares of Judgement Recovery Service, Inc. (JRS), a Nevada Corporation. Final contracts are to be completed by June 15, 2004.
JRS recovers money for people and other entities who have been awarded money judgments in court. JRS currently has over $4 Million in judgments assigned for collection. Unlike a typical collection agency JRS specializes in locating and recovering assets available to judgment creditors. As such, JRS is able to utilize a wide and creative range of legal remedies to recover judgment debts. For further information and Judgement Recovery Service, please visit their web site at www.judgementhelp.com.
Nu Star also stated that it is actively pursuing other acquisitions that would enhance the companies’ new business direction.
For further information, please contact Isaac B. Morley of NU STAR HOLDINGS, INC., +1-801-414-8130. www.nustarholdings.com.
CAUTIONARY STATEMENT: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain “forward-looking statements.” All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. Penny stock investments are risky, with no guarantees of market for the securities. Investors are cautioned to proceed only after obtaining advice from investment professionals.