Star Entertainment Group, Inc. (OTCPK:SETY) signed a letter of intent to acquire Tranzistor Systems Inc. on April 10, 2012. Tranzistor Systems Inc. will be purchased through an equity building issuance of preferred stock and will create no debt for Star Entertainment Group, Inc. or require the issuance of common stock. The preferred share acquisition will coincide with a complete change of operational focus and an entire replacement of management, including Officers and Directors. The transaction is expected to close within the next 30 days.