NASSAU, BAHAMAS -- (Marketwired) -- 07/15/15 -- GOLD STAR NORTH AMERICAN MINING INC. (OTC PINK: GDSR) announced today the acquisition of Limitless Communications, Inc., which currently provides voice and data termination services.
On July 10, 2015, United States based Limitless Communications, Inc. closed on an agreement with Gold Star North American Mining, Inc. (OTC PINK: GDSR) pursuant to which shareholders of Limitless Communications, Inc. became the largest shareholders of Gold Star North American Mining, Inc. This change in direction of the company will be accompanied by the name change of Gold Star North American Mining, Inc. to Clearwave Telecommunications, Inc. and a symbol change to be advised upon completion. Under the new agreement, all of the directors and officers of Gold Star North American Mining, Inc. resigned and were replaced by designees of Limitless Communications, Inc. The Company is currently in the process of engaging an auditor with a view to completing its audit and moving the company initially to the OTCQB.
No splits or any reclassification of the shares of the company are required under the agreement.
Mr. Mike Neville, Chief Executive Officer of Clearwave Telecommunications states, "We are in the process of identifying a number of significant opportunities which we believe will reposition the public company in the 'Alternative Telecommunications Sector,' focusing heavily in the Caribbean and related areas. I am delighted to say that we have put together a very seasoned group of telecommunications experts who are leaders in the field with extensive experience in the Caribbean."
The new ClearwaveTelecommunications.com website is currently under construction, but will soon showcase the company's team and its overarching strategy.
Mr. Neville also states that "Our plans at Clearwave include expanding the current portfolio of telecommunications services through both a strategic acquisition model with established companies that the management team has immediate relationships with, and other services that will be built from the ground floor up addressing a much needed demand in the Caribbean and related areas for affordable, fast and reliable telecommunications service."
About Clearwave Telecommunications, Inc.:
Clearwave Telecommunications, Inc. will offer a portfolio of telecommunication services including, but not limited to VoIP, calling cards and direct SMS messaging. The company's primary focus will be to provide these services to the Caribbean and related areas. The Company has identified a need for faster, more reliable and affordable service in the Caribbean. The company will expand and increase shareholder value through both the proposed acquisition of established companies and executing on a corporate vision that includes deploying and building a new telecommunication infrastructure in the Caribbean allowing for these additional technologies and services. These new technologies and services will seek to address the "last mile" in the Caribbean, and other areas where appropriate with reliable affordable and efficient services.
The previous business model of Gold Star North American Mining, Inc., including its mining business, F-GEM gold extraction technology and the previously executed letter of intent for the EnGen Generator Power Generation Technology, have been terminated.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
Investor relations
Teso Corporate Communications
USA toll free 1(888) 648 0488
www.tesocommunications.com
info@tesocommunications.com
info@clearwavetelecommunications.com
