updated 8/31/2010 4:45:54 PM ET 2010-08-31T20:45:54

HOLBROOK, N.Y., Aug. 31, 2010 (GLOBE NEWSWIRE) -- NorthStar Global Business Services, Inc. (Pink Sheets:MDIN) today announced that it has assembled the preliminary agreements that set forth the key partnership terms to make its wholly owned subsidiary, NorthStar Business and Property Brokers, Inc., the business brokerage arm for a global network of real estate brokers and agents. The partnership agreement establishes the infrastructure which will permit real estate brokers and salespersons access to the business listing system and tools created by NorthStar to list businesses for sale, even if real property is not a component of the sale, something which is ordinarily not within the expertise of the major real estate brokers.

NorthStar plans to announce the participating firms and agencies at the upcoming International Business Broker's Association Conference in Las Vegas this November and feels confident that the announcement of participating firms at that time will make NorthStar the largest business brokerage in the world.

"Everyone has worked really hard and it'll be nice to see our hard work produce something valuable to both the shareholders and our partners alike," stated Raymond Barton, CEO of NorthStar.

The company intends to add to the list between now and November and encourages any firm who wishes to collaborate with NorthStar to call the company's 1-800 number without delay.

Investors are encouraged to visit the CEO's Blog at www.northstargbs.com for future news and information regarding the company's progress.

About NorthStar Global Business Services, Inc.

NorthStar is a next generation holding company aimed at dominating several industries and diversifying its holdings through acquisitions and revenue generating subsidiaries. The company currently runs NorthStar Business and Property Brokers, Inc., a wholly owned subsidiary in the business brokerage industry, Leap Frog Realty, a licensed Real Estate office and Global Media Online, Inc. a distribution company.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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