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Corporate Profile for Starfest Inc., dated Dec. 20, 1996.


--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. .

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Published Date:   Dec. 20, 1996

Company Name:     Starfest Inc.

Address:          8601 Wilshire Blvd., Suite 1103
                  Beverly Hills, Calif. 90211

Main Telephone
 Number:          310/358-0900
Fax Number:       310/358-1994

Chief Executive
 Officer:         Herbert Gronauer

Chief Financial
 Officer:         Bob Alexander

Investor Relations/
Public Relations
 Contact:         Bob Alexander
 Business number: 310/358-0900
 Home number:     310/456-5090

Trading Symbol:   SFST

Industry:         Entertainment

Market Makers:    J.P. Trading (Oklahoma City)




Company description: Starfest is an entertainment company specializing in event promotion and production. Its flagship "Starfest" show, voted the top country music event by airplay air·play  
n.
The broadcasting of an audio or audiovisual recording on the air over radio or television.


airplay
Noun

the broadcast performances of a record on radio
 international, is beginning its fourth year.

"Hollywood Starfair" is scheduled to debut at the UCLA UCLA University of California at Los Angeles
UCLA University Center for Learning Assistance (Illinois State University)
UCLA University of Carrollton, TX and Lower Addison, TX
 campus Aug. 30 and 31, 1997. Fans will get to meet and greet more than 100 of their favorite movie, soap opera soap opera

Broadcast serial drama, characterized by a permanent cast of actors, a continuing story, tangled interpersonal situations, and a melodramatic or sentimental style.
 and television stars.

The company has just announced an agreement in principal to acquire Moments Management Co., which has represented such entertainers as The Diamonds, Roy Clark, Helen Reddy, The Four Lads, The Four Aces and many other names.

Revenues for 1997 are estimated at more than $3 million and the company expects to be profitable.

Future plans include expanding the "Starfest" and "Hollywood Starfair" formats to major cities throughout the United States.

A television show, "Party Patrol," is currently being developed for syndication.

Negotiations are underway to establish a recording division concentrating on artists of major reputation potential.

CONTACT: Starfest Inc., Beverly Hills
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 20, 1996
Words:308
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