SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 25, 1998
NEVSTAR GAMING & ENTERTAINMENT CORPORATION
(Exact name of Registrant as specified in charter)
NEVADA 0-21071 88-0309578
(State or other jurisdiction (Commission (IRS Employer
of incorporation File Number Identification No.)
313 Pilot Road, Suite B, Las Vegas, Nevada 89119
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area (702) 269-1325
3175 West Post Road, Las Vegas, Nevada 89118
Former Name or Former Address, If Changed Since Last Report
ITEM 5. OTHER EVENTS
NevStar Gaming & Entertainment Corporation ("NevStar") announced today that
Jeffrey L. Gilbert, its President and Chief Operating Officer and a Director
of the Corporation, has resigned from all positions with NevStar effective
September 25, 1998, in order to pursue other opportunities. Mr. Gilbert will,
however, continue to serve NevStar as a consultant to assist the Company in
certain projects and transitional matters. The Board of Drectors has named
its Chairman and Chief Executive Officer, Dr. Michael J. Signorelli, as
President to replace Mr. Gilbert. The vacancy on the Board of Drectors caused
by Mr. Gilbert's resignation has not yet been filled.
Dr. Signorelli stated, "We appreciate Jeffrey's significant contributions to
NevStar and the invaluable assistance he provided to the Company in the initial
public offering, licensing and regulatory matters and opening the Mesquite Star
Hotel & Casino. His departure will leave a void in our organization but will
permit him to pursue other ventures. We wish him well in his future endeavors."
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
99.1 Press Release dated September 25, 1998
FOR IMMEDIATE RELEASE
NASDAQ TICKER SYMBOL: NVST
Contacts: Michael J. Signorelli, Chairman, CEO
Brent E. Duncan, CFO
(702) 269-1325
NEVSTAR GAMING AND ENTERTAINMENT CORPORATION
ANNOUNCES RESIGNATION OF PRESIDENT
Las Vegas, Nevada, September 25, 1998. . . NevStar Gaming and Entertainment
Corporation, (NASDAQ:NVST) announced today that Jeffrey L. Gilbert, its
President and Chief Operating Officer and a Director of the Corporation, has
resigned from all positions with NevStar effective September 25th, 1998, in
order to pursue other opportunities. Mr. Gilbert will, however, continue to
serve NevStar as a consultant to assist the company in certain projects and
transitional matters. The Board of Directors has named its Chairman and Chief
Executive Officer, Dr. Michael J. Signorelli, as President to replace Mr.
Gilbert. The vacancy on the Board of Directors caused by Mr. Gilbert's
resignation has not yet been filled.
Dr. Signorelli stated "We appreciate Jeffrey's significant contributions to
NevStar and the invaluable assistance he provided to the company in the initial
public offering, licensing and regulatory matters and opening the Mesquite Star
Hotel & Casino. His departure will leave a void in our organization but will
permit him to pursue other ventures. We wish him well in his future endeavors."
NevStar Gaming & Entertainment Corporation is a company formed for the purpose
of acquiring, developing, constructing, owning and managing hotel/casino
projects. Its initial hotel/casino, the Mesquite Star Hotel & Casino in
Mesquite, Nevada, has been operating since July 1st, 1998.
**************
Certain statements contained in this release are forward looking. Although
NevStar Gaming and Entertainment Corporation believes that its expectations are
based on reasonable assumptions within the bounds of its knowledge of its
business and operations, there can be no assurance that actual results will not
differ materially from its expectations. For important factors that may cause
actual results to differ materially from expectations and underlying
assumptions, see Company's Prospectus dated September 18, 1997, and its last
filed Forms 10-KSB and 10-QSB
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized, on the 25th day of September, 1998.
NEVSTAR GAMING & ENTERTAINMENT CORPORATION
By: /s/MICHAEL J. SIGNORELLI
Michael J. Signorelli
Its: Chairman of the Board and
Chief Executive Officer
By: /s/BRENT E. DUNCAN
Brent E. Duncan
Its: Chief Financial Officer and Treasurer
