Star Energy’s (OTCBB:SERG) Press Release entitled “Star Energy Files RICO Suit Against RSM” dated January 17, 2008, contained language which was ambiguous. The company wishes to clarify that RSM International, while named as a defendant on a respondent superior theory of liability, is not alleged to be part of the RICO conspiracy described in the complaint Star Energy filed in the United States District Court for the Southern District of New York. The RICO claim is alleged against RSM Top-Audit, certain of its employees and other unknown individuals.
About Star: Star Energy Corporation is a U.S.-based public entity engaged in acquisition, exploration, and development of oil and gas deposits in Eastern Europe and CIS. The company’s goal is to provide Western investors with access to a portfolio of natural resource licenses and operating companies. Additional information can be found at www.starenergycorp.com.
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the recovery of oil and gas resources, the successful completion and integration of prospective acquisitions, competitive market conditions, and the ability to secure sufficient sources of financing. The actual results Star may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Star encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-KSB and Form 10-QSB. Star's public filings may be viewed at www.sec.gov.
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