NorStar Group, Inc. Confirms SEC Filing

Business Wire, Dec 13, 1999

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 13, 1999--

Norstar Group, Inc., (OTCBB:NSTG), confirmed today that the Company has filed its Form 10SB with the Securities and Exchange Commission (SEC).

"NorStar's goal is to build a solid Internet company, of which our shareholders will be proud, and becoming a fully reporting company is only one part of that goal," said Jay Sanet, NorStar's director of Corporate Development. Sanet went on to say, "As NorStar achieves its business objectives we anticipate that the Company will meet the listing requirements of more prestigious exchanges within the financial marketplace. NorStar expects to become fully reporting long before the NASD's schedule for the Company's category becomes an issue."

"NorStar Group, Inc., is in full support of the steps the National Association of Securities Dealers, Inc., is taking to insure more accurate financial information is available to all investors," added Sanet.

Through selective acquisitions and partnering alliances, NorStar Group, Inc. (OTCBB:NSTG) is positioning itself to be a leading provider of interactive, virtual reality, entertainment, educational, and business products and services. NorStar is the developer of www.veearecity.com and the co-developer of a proprietary lightweight, comfortable and affordable virtual reality headgear, The Cybervisor(TM), which is intended for home, business and school use.

Safe Harbor: Certain statements contained in this press release, including but not limited to information regarding the future economic performance and financial condition of the Company, the plans and objectives of the Company's management and the Company's assumptions regarding such performance and plans, are forward-looking in nature. Many factors and conditions could cause actual results to differ from the forward-looking information contained in this public announcement.