Star Energy´s (OTCBB:SERG) Press Release entitled "Star Energy
Files RICO Suit Against RSM" dated January 17, 2008, contained
language which was ambiguous. The company wishes to clarify that RSM
International, while named as a defendant on a respondent superior
theory of liability, is not alleged to be part of the RICO conspiracy
described in the complaint Star Energy filed in the United States
District Court for the Southern District of New York. The RICO claim
is alleged against RSM Top-Audit, certain of its employees and other
unknown individuals.
About Star: Star Energy Corporation is a U.S.-based public entity
engaged in acquisition, exploration, and development of oil and gas
deposits in Eastern Europe and CIS. The company´s goal is to provide
Western investors with access to a portfolio of natural resource
licenses and operating companies. Additional information can be found
at www.starenergycorp.com.
Safe Harbor Statement: A number of statements contained in this
press release are forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Act of 1995.
These forward-looking statements involve a number of risks and
uncertainties, including the recovery of oil and gas resources, the
successful completion and integration of prospective acquisitions,
competitive market conditions, and the ability to secure sufficient
sources of financing. The actual results Star may achieve could differ
materially from any forward-looking statements due to such risks and
uncertainties. Star encourages the public to read the information
provided here in conjunction with its most recent filings on Form
10-KSB and Form 10-QSB. Star´s public filings may be viewed at
www.sec.gov.
