LIVESTAR Entertainment Group Inc. Signs Agreement to Acquire 50% of VoIP service VOXBOX

LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") today proudly announced that it has signed a memorandum of understanding to acquire 50% of VOXBOX, an exciting new service in the multi billion dollar VoIP market. VOXBOX will launch its service shortly through its website http://www.myVOXBOX.com. This development is the first of many steps LIVESTAR plans to make in its transition to a public holding company as previously announced.

Voice over Internet Protocol (VoIP), is a technology that allows you to make telephone calls using a broadband Internet connection instead of a regular (or analog) phone line. Some services using VoIP may only allow you to call other people using the same service, but others may allow you to call anyone who has a telephone number -- including local, long distance, mobile, and international numbers. Also, while some services only work over your computer or a special VoIP phone, other services allow you to use a traditional phone through an adapter.

VOXBOX allows you to make telephone calls using the Internet. When placing a VoIP call using a phone with a VOXBOX adapter, you'll hear a dial tone and dial just as you always have. Voice Over IP converts the voice signal from your telephone into a digital signal that travels over the Internet then converts it back at the other end so you can speak to anyone with a regular phone number.

The understanding between LIVESTAR and the owners of the VOXBOX service, Global Bancorp, Inc., is to develop the VOXBOX service under a definitive joint venture agreement that both parties are working diligently to finalize. The VOXBOX service will be vended into a jointly owned corporate entity. LIVESTAR'S full equity participation is subject to and predicated on a funding and management support commitment over the next calendar year.

Ray Hawkins, CEO of LIVESTAR, commented, "VOIP is a burgeoning technology opportunity that we are ecstatic to be in on the ground. Part of our holding company strategy is to find business opportunities that have sizeable markets and quality management that have expertise and the ability to execute and deliver results. We believe we have found both in VOXBOX and its principal, Ray Prescott. The simplicity of the VOXBOX service and its growth plan is what sold us on the opportunity. We plan to work diligently to enable VOXBOX launch its service as quickly as possible."

Ray Prescott, CEO of Global Bancorp, Inc, stated: "Our relationship with LIVESTAR has evolved over the last year and we are very excited to have them involved in deploying our VOXBOX solution to the world. LIVESTAR's team experience in marketing, finance and consumer product development will provide us with a strong management and a core administrative team as we move toward our goals of 1.0 Million subscribers in the next five years and turning VOXBOX into a household name."

Mr. Ray Hawkins also added: "As previously noted we are committed to diversifying and building shareholder value through both acquisitions and new development and therefore the opportunity to add VOXBOX to our portfolio is outstanding. More positive changes are to come and we look forward to execution of other in development deals."

ABOUT LIVESTAR ENTERTAINMENT GROUP, INC.

LIVESTAR is in the process of transitioning to a holding company structure. The core business of LIVESTAR Entertainment Group, Inc. is currently the development of entertainment entities, specifically; Liquor Licensed Entertainment Establishments (namely nightclubs and lounges) and Live Entertainment (concerts and special events).

Statements contained herein that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. LIVESTAR Entertainment Group, Inc intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause LIVESTAR Entertainment Group, Inc.'s actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in LIVESTAR Entertainment Group, Inc.'s applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at http://www.sec.gov.

Please visit our website: www.LIVESTAR.net.