7 Star Entertainment, Inc. (OTCPK:SAEE) entered into a letter of intent to acquire Orbital Laboratories, Inc. on November 14, 2013. As of January 23, 2014, 7 Star Entertainment, Inc. completed its due diligence and entered into an agreement to acquire Orbital Laboratories, Inc. The transaction is anticipated to close by the beginning of next week.

7 Star Entertainment, Inc. (OTCPK:SAEE) completed the acquisition of Orbital Laboratories, Inc. on February 11, 2014. Carl Conte will step down as Chief Executive Officer and Robert Meyer, Chief Executive Officer of Orbital Laboratories, will be appointed as Chief Executive Officer and Director. Sreenath Reddy will step down from his management role, but will remain as a Director. James Lavoie will be appointed as Vice President. James Lavoie, Bernard Hale, and Noel Krantz will also be joining the Board of Directors.