Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

Bluestar Financial Group, Inc. To Acquire YouChange, Inc.


Print article Print article
© Business Wire 2009
2009-11-11 15:09:11 -

The Board of Directors of Bluestar Financial Group, Inc. (OTCBB:BSFG) today announced that they have entered into a Letter of Intent to purchase all of the outstanding shares of YouChange, Inc., a re-Commerce company, in a stock for stock transaction.

“We are excited about YouChange as our initial acquisition and entry into the Green Tech/Electronic Waste sector,” said Richard Papworth, Bluestar Interim CEO. YouChange is an electronics industry re-Commerce company that has created a one-stop online platform for consumers and businesses to dispose of their used electronics. With its robust consumer rewards program and recycling network, YouChange intends to provide consumers and businesses with a solution to the rapidly growing problem of e-waste. Items collected will either be refurbished and re-purposed

into the economy or recycled to avoid the environmental devastation caused when these products end up in our landfills. “We view this as a win-win opportunity for our customers, shareholders and for the environment,” said Mr. Papworth.

“The National Science Foundation estimates that used electronic devices in U.S. households totals approximately 747 million pieces of potential re-Commerce or e-waste—more than 1.36 million metric tons,” said Jeffrey Rassas, Chairman of Bluestar. “Cell phones and laptops can be loaded with toxic metals such as arsenic, cadmium and mercury while old televisions and computer monitors can contain up to 8 pounds of lead. In a landfill, they can pose an environmental and neurological hazard as evidenced in a rise of childhood diseases. Only a small percentage of consumers and businesses are recycling their electronics. Many struggle to find an easy reward based solution. One person's trash is another’s treasure, particularly during these hard economic times. YouChange intends to provide greater access to businesses and consumers to responsibly recycle their used electronics.”

About YouChange, Inc.

YouChange, Inc. is a development stage Green Tech company headquartered in Scottsdale, AZ. Its mission is to provide consumers and businesses rewards based “Green” solution to the ever increasing problem of electronic waste.

About Bluestar Financial Group, Inc.

Bluestar Financial Group, Inc. intends to provide services in the Green Tech and e-waste sectors. The company was founded in 2002 and is based in Scottsdale, Arizona.

Forward-Looking Statements

This document contains forward-looking statements that are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected.
These risks, assumptions and uncertainties include: the ability of the Company to raise capital, the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price-competitive marketplace; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.



Bluestar Financial Group, Inc.Jeffrey Rassas, Chairman of the

Board, 480-463-4246 jrassas@notepadgroup.com : mailto:jrassas@notepadgroup.com


Author:
Hossam Abdel-Kader
e-mail
Web: www.pr-inside.com/
Phone: +43 1 9582319

Disclaimer: (c) 2012 Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser