Miami, July 11, 2022 (GLOBE NEWSWIRE) —

– Pace Developments St. Vincent is a luxury hotel and casino with valuation of US $48,000,000 from Colliers

MIAMI, July 11, 2022 (GLOBE NEWSWIRE) — Star8 Corp. (OTCPK: STRH), is pleased to announce that it has signed a Letter of Intent (the “LOI”) to acquire a group of St. Vincent operating under the name Pace Developments St. Vincent Inc. through a plan of exchange with an expected closing in the current quarter.

Pace Developments St. Vincent Inc. owns 45 acres of land at Peter’s Hope, St. Vincent and the Grenadines. Construction has already begun on the luxury Black Sands Hotel, which will eventually house 450 rooms, on the 45 acres of land at this site. Located below the hurricane belt, and with a newly constructed international airport in St. Vincent, the destination is growing in popularity within the luxury tourism market.

“Our Board of Directors is impressed with the vision and strategy behind this development,” said Mario Diez, Chief Executive Officer of Star8 Corp. “We see an opportunity to invest in a growing market with an inspired project, that will ultimately stimulate the local economy.”

Phase one of the project is expected to open within 12 to 14 months, and an additional 200 rooms for phase two will be completed within 24 to 36 months.

“This property will feature a 5-star luxury hotel, with condos, a casino, a medical spa and its own private marina,” said Joseph Romano, Chief Executive Officer of Pace Developments St. Vincent Inc. “The finished product is going to be a resort that truly embodies all elements of relaxation and luxury living.”
To learn more about the Black Sands Hotel, please see the following YouTube videos: Black Sands Hotel | Resort Property | PaceDevelopments For more information about Star8 Corp.’s portfolio of subsidiary companies, please visit Star8Corp.com.

About Star8 Corporation

Star8 Corporation (OTCPK: STRH) is a publicly traded company with expertise in technology and eCommerce driven solutions. Additionally, Star8 Corp. provides sustainable marketing, technology, sales and distribution consulting for clients. To learn more about Star8 Corp. please visit Star8Corp.com.

For inquiries please contact: info@star8corp.com | 1-866-316-0808

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This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations.  When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information.  The forward-looking statements and information in this press release includes information relating to the implementation of the Company’s business plan.  Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such factors include, among others, the following risks: risks associated with the implementation of the Company’s business plan and matters relating thereto, risks associated with the cannabis industry, competition, regulatory change, the need for additional financing, reliance on key personnel, the potential for conflicts of interest among certain officers or directors, and the volatility of the Company’s common share price and volume.  Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change.  Investors are cautioned against attributing undue certainty to forward-looking statements.

There are a number of important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information.  Such factors include, among others, risks related to the Company’s proposed business, such as failure of the business strategy and government regulation; risks related to the Company’s operations, such as additional financing requirements and access to capital, reliance on key and qualified personnel, insurance, competition, intellectual property and reliable supply chains; risks related to the Company and its business generally. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized.  It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. While the Company may elect to, it does not undertake to update this information at any particular time.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE.  READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

For inquiries please contact: 
info@star8corp.com | 1-866-316-0808

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