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Bluestar Financial Group, Inc. Anticipates Closing the YouChange, Inc. Acquisition by Year End

^{Published on 2009-12-21 06:10:10 - Market Wire}
 

SCOTTSDALE, Ariz.--([ BUSINESS WIRE ])--Bluestar Financial Group, Inc. (OTCBB:[ BSFG ]), an early stage small ticket electronic equipment leasing company, today announced that it is on track with the previously announced acquisition of YouChange, Inc, a Green tech software services company and veteran technology management team dedicated to and investing in green solutions within the E-Waste sector, anticipating the closing of the transaction by year end.

"We are excited with our progress which comes as the result of hard work from our great team. Closing this acquisition is the launching pad to our growth strategy"

The Company has identified two additional strategic acquisition candidates and has entered into negotiations to acquire these companies anticipating a close in early 2010. These acquisitions are consistent with the YouChange.com business model, launching an incentive based platform offering cash and rewards to its members for programmed electronic recycling.

"We are excited with our progress which comes as the result of hard work from our great team. Closing this acquisition is the launching pad to our growth strategy," stated CEO, Rick Papworth. "Further, YouChange.com is the evolution of programmed recycling, combining a 'one-stop-shopping' reCommerce platform along with a consumer rewards program."

The challenge for E-waste solution providers is now growing at a faster pace than municipal waste. In addition, the Electronic Recycling Industry reports that in just one year over 100 millions pounds of valuable materials were recovered from disposed electronics such as steel, glass, plastic and precious metals.

About YouChange, Inc.

YouChange, Inc. is a development stage Green Tech Company headquartered in Scottsdale, AZ. Its mission is to provide consumers and businesses cash- and reward-based "Green tech" solutions through its software as a service online platform to provide a robust solution to the ever-increasing problem of electronic waste.

About Bluestar Financial Group, Inc.

Bluestar Financial Group, Inc. is an early stage small ticket electronic equipment leasing company and intends to provide services in the Green tech and e-waste sectors. The company was founded in 2002 and is based in Scottsdale, Arizona.

Forward-Looking Statements

This document contains forward-looking statements that are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected. These risks, assumptions and uncertainties include: the ability of the Company to raise capital, the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price-competitive marketplace; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.