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Globestar Industries Announces Chairman Appointment and Sales Restrictions on All Affiliates, Officers, Directors, Employees, and Consultants

LOS ANGELES, Sept. 1, 2015 (GLOBE NEWSWIRE) -- Globestar Industries (OTC Pink:GSTI) (the "Company"), a Wyoming corporation engaged in cannabis industry consulting that has filed to change its name to Pineapple Express, Inc. and is in the process of changing its symbol, announced that its CEO and President Matthew Feinstein has been appointed as Chairman of the Board.

Mr. Feinstein has been actively involved in the cannabis industry since 2013. At the Company Mr. Feinstein is responsible for sourcing investment opportunities, joint venture relationships, and identifying acquisition targets. He is also responsible for developing the Company's objectives.

Prior to forming Better Business Consultants, Inc., which was acquired by the Company on August 24, 2015, Mr. Feinstein was associated with Medbox, Inc., in various capacities from 2013 to 2014, including as Vice President and Director. At Medbox, Inc. Mr. Feinstein's responsibilities included developing client relationships and assisting these clients through the licensing process for canna-businesses. Upon securing a license Mr. Feinstein would manage the process of site selection, site construction, and training for each client. During his tenure Feinstein assisted clients to successfully secure canna-business licenses in Nevada, California, Washington, Oregon, and Illinois.

Mr. Feinstein has over 25 years of experience in consumer product manufacturing, distribution, and national retail operations. He was Director of Technical Service Operations at MinuteKey from 2011 to 2012, Operational Supervisor at Redbox from 2009 to 2011, President and Founder of Starlight Home Entertainment, a leading independent DVD sales, marketing, and distribution company from 2001 to 2008, Managing Director of Consumer Services at urbanfetch from 1999 to 2000, and Vice President of the Franchisor Military Rent-All and Marbles Entertainment retail chains from 1991 to 1999. Mr. Feinstein and Starlight separately filed bankruptcy petitions in 2007.

Mr. Feinstein earned his undergraduate degree in Political Science in 1991 from the University of California, Berkeley.

Mr. Feinstein's LinkedIn profile can be found at:

https://www.linkedin.com/pub/matthew-feinstein/5/47b/342

Also on September 1, 2015, the Company announced that the shares issued to its directors, officers, affiliates, employees, and consultants to date will be subject to a two year lockup on sales in the public markets. To date, 50 million shares are subject to this lockup.

"We are focused on making smart, strategic investment decisions to drive sustained value for all our shareholders. The sale restriction period for key persons highlights our commitment to this principal," stated Christopher Plummer, Chief Compliance Officer for the Company.

About the Company:

The Company is based in Los Angeles, California. Through our operating subsidiary Better Business Consultants, Inc. DBA MJ Business Consultants, we plan to provide capital to our canna-business clientele, assume the role as landlord and lease properties to those canna-businesses, and provide consulting and technology to develop, enhance, or expand existing and newly formed infrastructures. We intend to create a nationally branded chain of cannabis retail stores under the "Pineapple Express" name as soon as federal laws allow, which will be supported by anticipated Company-owned cultivation and processing facilities, and will feature products from anticipated Company-owned manufacturers. As long as cannabis remains federally illegal our operations will be limited to consulting, product licensing, leasing to and investing in existing and new canna-businesses, selling industry specific technology, and providing ancillary support services. We believe that our competitive advantages include our wealth of experience, business model, exclusive proprietary technology, and key industry contacts in an industry that is foreign to most. It is our expectation that these factors will set us apart from most of our competitors.

CONTACT: The Company / MJB: For more information please call (866) 989-MJBC or email: info@pineappleexpress.com

Source:Globestar Industries