GoodSeptember 9, 2010 - Victoria, BC - Petrostar Petroleum Corp. (TSXV:PEP) (TSX-V: PEP)("Petrostar" or the "Company") is pleased to announce that it has retained the services of Renmark Financial Communications Inc. ("Renmark") to handle its investor relations activities.
"Petrostar is pleased to announce that it has selected Renmark to reinforce Petrostar's profile in the financial community and enhance the visibility of its project portfolio. Management chose Renmark because its standards and methodologies fit best with the message Petrostar wishes to communicate to the investing public," noted Bruce Scafe, President and Director of Petrostar Petroleum Corp.
In consideration of the services to be provided, the Company has agreed to a 13-month agreement with Renmark starting September 1, 2010 with payment terms as follows:
-a retainer of $2,500 in September 2010;
-$5,000 a month from October 2010 - March 2011;
-$6,000 a month from April 2011 to June 2011; and
-$7,000 a month for the remainder of the agreement.
Renmark does not have any interest, directly or indirectly, in Petrostar or its securities, or any right or intent to acquire such an interest. For further information on Renmark Financial Communications Inc., please contact Barry Mire via email at bmire@renmarkfinancial.com or call the Renmark office at (514) 939-3989 or (416) 644-2020 or visit the Renmark website at www.renmarkfinancial.com.