International Star CEO Todd Masse Issues Letter to Shareholders

Rhea-AI Summary

International Star CEO Todd Masse issued a letter to shareholders outlining his commitment to the company's success. Masse plans to optimize current operations, monetize assets, expand revenues, pursue acquisition opportunities, and stay abreast of changing regulations in the industry. Shareholders can expect updates on operational growth, new contracts, and potential acquisitions in the future.

Positive

• Todd Masse's commitment to optimizing current operations and monetizing critical assets to benefit the company and its shareholders.
• The focus on expanding revenues through product offerings and geographic footprint.
• The proactive approach to seeking acquisition opportunities and analyzing potential deals to drive growth.
• Regular communication with shareholders to provide updates on business progress and growth opportunities.

Negative

• None.

DOVER, DE / ACCESSWIRE / May 8, 2024 / International Star, Inc. (OTC PINK:ILST) (the "Company" or "ILST") on May 8th, 2024 newly appointed CEO issues letter to shareholders.

Dear Shareholders:

I am honored by my appointment as CEO of International Star and am committed to our collective success. In my early weeks with the company, I have invested significant time and effort in reviewing the current operating businesses and their respective relationships to ensure that future activities will benefit the Company and its shareholders.

I have gained insight into the relationships and the best methods of assuring we can capitalize on the IP and other assets currently under the company's ownership. This will give us a solid foundation for our continued growth.

As CEO, I intend to focus on two main areas:

Optimizing and streamlining the current business while monetizing all its critical assets. We will also continue to increase those revenues by expanding our product offering and our geographic footprint.

Curate a viable pipeline of acquisition opportunities and execute on the best opportunities. This process has already begun, and we are diligently analyzing the first few deals.

I echo previous communications that structuring and executing good deals takes time, planning, and thoughtfulness. We intend to communicate to the market regularly to provide shareholders with business updates and growth opportunities.

In another vital update, recent news about the US Government's push to move marijuana from a Schedule I to a Schedule III controlled substance under the Controlled Substance Act (CSA) comes at a critical time for the industry. We are closely monitoring the situation to be ready to expand as the laws progressively change.

In the coming months, you can expect updates on the growth and management of current operations and information on new contracts and new type of businesses we are looking to acquire.

I look forward to building a great company with you.

Sincerely,

Todd Masse
CEO

About International Star Inc:

International Star Inc. (OTC PINK:ILST) operates through its wholly-owned subsidiary, Budding Equity Inc. ("BEi") and its 20% ownership stake in B Studios LLC. BEi owns and licenses intellectual property through contracts with movie studios and celebrities and structures licensing deals with third parties for cannabis-related products. The company also maintains joint ventures with affiliates of Ice Cube and Kevin Smith to license and brand cannabis and cannabis-related products. B Studios focuses on producing cannabis-themed films and capitalizing on product placement and licensing. A core focus of ILST remains acquiring and developing innovative businesses with high growth potential in the cannabis space and beyond. For more information, you can visit our website at www.ilstinc.com.

For media inquiries, please contact/mail to:

Investors@ilstinc.com

Contact Information:

International Star, Inc.
8 The Green
Suite 16020
Dover, DE 19901
Website: www.ilstinc.com

Forward-Looking Statements:

This press release contains "forward-looking statements." Words such as "may," "should," "will," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in the future tense, often signify forward-looking statements. These forward-looking statements are, by their nature, subject to significant risks and uncertainties.

Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when or whether such performance or results will be achieved. Forward-looking statements are based on information that the Company has when those statements are made or management's good faith belief as of that time concerning future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including factors beyond the Company's control. As a result of these and other risks, uncertainties, and assumptions, forward-looking events and circumstances discussed herein might not occur in the way the Company expects or at all. Accordingly, readers should not place reliance on any forward-looking information or statements. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events, or otherwise. All forward-looking statements herein are qualified by reference to the cautionary statements outlined in this section.

SOURCE: International Star, Inc.

View the original press release on accesswire.com

FAQ

What did Todd Masse address in the letter to shareholders?

Todd Masse addressed his commitment to the company's success, optimizing operations, monetizing assets, expanding revenues, pursuing acquisitions, and staying informed on regulatory changes.

What is the recent update regarding the US Government and marijuana?

The US Government's push to reclassify marijuana from a Schedule I to a Schedule III controlled substance could impact the industry, and International Star is monitoring the situation.

What can shareholders expect in the coming months?

Shareholders can expect updates on operational growth, management, new contracts, and potential acquisitions in the future.

Who is the CEO of International Star?

Todd Masse is the CEO of International Star.