SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 20-F



| ̈ |  | REGISTRATION
STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934
|- |  | ------------------------------------------------------------------------------------------------



|x |  | ANNUAL REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 – For the Fiscal Year Ended June 30, 2011
|- |  | ------------------------------------------------------------------------------------------------------------------------------



| ̈ |  | TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- |  | ----------------------------------------------------------------------------------------



| ̈ |  | SHELL COMPANY REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- |  | -------------------------------------------------------------------------------------------



Commission File No. 333-152294



BLUESTAR ENTERTAINMENT TECHNOLOGIES, INC.

(Exact Name of Registrant as Specified in Its
Charter)



British Virgin Islands

(Jurisdiction of Incorporation or Organization)



3rd Street, Isla Colon, Bocas del Toro, Panama

Address of Principal Executive Offices



Securities Registered Pursuant to Section 12(b) of the Act:



|Title of Each Class |  | Name of Each Exchange on Which Registered
|------------------- |  | -----------------------------------------
|None                |  | None                                     



Securities Registered Pursuant to Section 12(g) of the Act:



Common Stock, no par value

(Title of Class)



Securities for which there is a reporting obligation pursuant to
Section 15(d) of the Act:



None

(Title of Class)



As of January 16, 2012, the Registrant had outstanding 15,500,000
shares of Common Stock



Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities Act. Yes _ No X



Indicate by check mark if the registrant is not required to file
reports pursuant to Section 13 or Section 15(d) of the Act. Yes _ No X




Table of Contents






Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past twelve (12) months (or for such shorter
period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past
ninety (90) days. Yes X No



Indicate by check mark whether the registrant has submitted electronically
and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule
405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant
was required to submit and post such files). Yes ___ No X



Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated
filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.



Large accelerated filer___ Accelerated filer ____ Non-accelerated
filer__ Smaller reporting company X



Indicate by check mark which basis of accounting the registrant
has used to prepare the financial statements included in this filing: U.S. GAAP XInternational Financial Reporting Standards
as issued ___ Other __ by the International Accounting Standards Board



Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Act). Yes ___ No X











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TABLE OF CONTENTS



|PART I                                                                                |  | 4 
|------------------------------------------------------------------------------------- |  | --
|ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISORS                         |  | 4 
|ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE                                       |  | 4 
|ITEM 3. KEY INFORMATION                                                               |  | 4 
|ITEM 4. INFORMATION ON THE COMPANY                                                    |  | 4 
|ITEM 4A. UNRESOLVED STAFF COMMENTS                                                    |  | 4 
|ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS                                  |  | 4 
|ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES                                    |  | 5 
|ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS                             |  | 6 
|ITEM 8. FINANCIAL INFORMATION                                                         |  | 7 
|ITEM 9. THE OFFER AND LISTING                                                         |  | 7 
|ITEM 10. ADDITIONAL INFORMATION                                                       |  | 7 
|ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT THE MARKET                    |  | 12
|ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES                       |  | 12
|PART II                                                                               |  | 12
|ITEM 13. DEFAULTS DIVIDEND ARREARAGES AND DELINQUENCIES                               |  | 12
|ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS |  | 12
|ITEM 15. CONTROLS AND PROCEDURES                                                      |  | 12
|ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT                                            |  | 12
|ITEM 16B. CODE OF ETHICS                                                              |  | 12
|ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES                                      |  | 12
|PART III                                                                              |  | 17
|ITEM 17. FINANCIAL STATEMENTS                                                         |  | 17
|ITEM 18. FINANCIAL STATEMENTS                                                         |  | 17
|ITEM 19. EXHIBITS                                                                     |  | 25
|SIGNATURES                                                                            |  | 25





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PART I



ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISORS



Not applicable.



ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE



Not applicable.



ITEM 3. KEY INFORMATION



See response to Item 5.



Risk Factors



This item is not applicable because the Company
is a smaller reporting Company.



ITEM 4.



INFORMATION ON THE COMPANY



BlueStar Entertainment Technologies, Inc. (“BlueStar”)
was organized as Solarte Hotel Corporation in May 2008 to purchase real estate in the archipelago of Boca Del Toro, Panama and
to develop a luxury eco-lodge hotel on the property. We registered shares of common stock on Form F-1 in December 2008 to fund
this project, but due to the state of the capital markets at the end of 2008 and in 2009 the offering was unsuccessful. In the
year ended June 30, 2009 the Company abandoned this business plan and embarked on a new plan to market incorporation services in
Panama and other offshore jurisdictions, as a form of estate planning or asset protection for its clients. We do not market our
services for the avoidance of any taxes.



As of June 30, 2011, there were approximately
65 common shareholders of record.



ITEM 4A. UNRESOLVED STAFF COMMENTS



Not applicable since the registrant is a small
business issuer.



ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS





This report contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of Securities Exchange Act of 1934. Actual results
could differ materially from those projected in the forward-looking statements as a result of the risks, which the Company cannot
foresee. Such risks include, but are not limited to an economic turndown, changes in government policies, financial difficulty
with or loss of a major customer or interruption in supplies.



Year ended June 30, 2011 compared to year ended June 30, 2010



Our general administrative expenses decreased
in 2011 by ten percent. This reduction is attributable to lower wages in the current year compared to wages in the prior year.

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Analysis of Financial Position, Liquidity and Capital Resources



Our expenses for general and administrative
activities include approximately $1,600 per month for management compensation. Also included in the year’s general and administrative
activities are professional fees of $4,500 and filing fees totaling $2,099. (The filing fees relate to the Company’s Panama
incorporation business.) These expenses have been entirely funded by loans from two related parties.



Off Balance Sheet Arrangements.



The Company has no off balance sheet arrangements.



Inflation



The Company is not subject at this time to the
effects of inflation.



ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES



Directors and Executive Officers



Erick Hansen. Age 54, Sole Director and
Chief Executive Officer, Mr. Hansen is also the Chief Executive Officer and Chief Technical Officer of BlueRay Technologies, Inc
and has served in that capacity since 2006. Mr. Hansen began his film industry career more than 20 years ago at MGM’s Metro
Color, a film processing and special effects laboratory. He has worked on many projects with industry leaders including Mr. Roy
Disney, and Steven Spielberg. Among the career achievements of Mr. Hansen, some notable accomplishments are helping to create the
first multi-angled DVD, and creating the first DVD company in the United States in 1995, and the first independent DVD manufacturing
facility in the world in 1997. Mr. Hansen is considered an expert in various aspects of DVD technology including digital delivery
systems, anti-piracy, and anti-theft. Mr. Hansen entered into a settlement on December 10, 2008 with the California Corporations
Commissioner wherein Mr. Hansen consented to an order of permanent injunction from his future involvement in offering or selling
any non-exempt security in the State of California not qualified under Sections 25111, 25112, and 25113 of the California Corporations
Code.



Compensation of Directors and Officers



The aggregate cash compensation paid by the
Company to the sole director and officer during fiscal 2011 was $0.



The preceding Sole Director and Officer, Karen
Campo received aggregate cash compensation for 2011 and 2010 of $19,225 and $26,605, respectively. The amount for fiscal 2010 included
$1,200 for each of the first three months of the fiscal year, $1,500 for the remaining 9 months, and additional amounts for other
expenses of the director and officer including relocation allowance and medical. The amount for fiscal 2011 reflected approximate
compensation of $1,600 per month.



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Committees and Attendance of the Board of Directors Meetings



During the years ended June 30, 2011 and 2010,
the Board of Directors held no formal meetings. There are no Board committees. There is only one director.



Employees



As of June 30, 2011, the Company had only one
employee.



Share Ownership



Share ownership of Directors and Officers is
set forth in Item 7.



ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS



The following table sets forth certain information
regarding the beneficial ownership of BlueStar Entertainment Technologies, Inc. common stock (no par value) as of January 16, 2012
by (i) each person (or group of affiliated persons) who is known by us to beneficially own more than 5% of the outstanding shares
of BlueStar common stock, (ii) each person serving as a director or executive officer of BlueStar, and (iii) all persons who have
served as a director or executive officer of BlueStar as a group. As of such date, BlueStar had 15,500,000 shares of common stock
outstanding. Unless indicated otherwise, the address for each officer, director, and 5% shareholder is 1119
W 1st Avenue, Spokane, WA 99201 (509) 747-2960 Fax: (509) 747-6435



|                                                         | Common Stock
|-------------------------------------------------------- | ------------
|Directors, Executive Officers,
        5% Stockholders   | Number      
|Erick Hansen(2)                                          | 0           
|Esthetics World(3)                                       | 15,000,000  
|All directors and officers as a group
        (1 person) | 0           



(1) For each shareholder, the calculation
of percentage of beneficial ownership is based upon 15,500,000 shares of Common Stock outstanding as of January 16, 2012, and shares
of Common Stock subject to options, warrants and/or conversion rights held by the shareholder that are currently exercisable or
exercisable within 60 days, which are deemed to be outstanding and to be beneficially owned by the shareholder holding such options,
warrants, or conversion rights. The percentage ownership of any shareholder is determined by assuming that the shareholder has
exercised all options, warrants and conversion rights to obtain additional securities and that no other shareholder has exercised
such rights. Except as otherwise indicated below, the persons and entity named in the table have sole voting and investment power
with respect to all shares of Common Stock shown as beneficially owned by them, subject to applicable community property laws.



(2) Chief Executive Officer, Chief
Financial Officer and Director of BlueStar.



(3) Esthetics World is the majority
shareholder of BlueStar holding 15,000,000 shares of Common Stock. Its CEO, Karen Campo, is the former sole director and officer
of BlueStar.



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Related Party Transactions



The principal shareholder, Esthetics World,
has advanced $27,128 as of June 30, 2010 and $24,025 in the year ended June 30, 2011. Hand & Hand PC, another related party,
advanced a further $2,099 in the year ended June 30, 2011. These amounts are non interest bearing and due on demand.



ITEM 8. FINANCIAL INFORMATION



Reference is made to the index to Financial
Statements of the Company, and notes thereto, appearing under Item 18 below.



ITEM 9. THE OFFER AND LISTING



(a)	Market for Common Equity
and Related Stockholder Matters.



(1)Market Information.



The Company’s Common Stock is listed on
the NASD Electronic Bulletin Board (“Bulletin Board”) under the symbol “SOLHF.” There is no active public
market for the Company’s Common Stock. The Company’s shares have never traded.



ITEM 10. ADDITIONAL INFORMATION



Common Stock.



Our Memorandum of Association authorizes the
issuance of an unlimited number of shares of common stock, no par value per share.



The Registrant was incorporated on May 28, 2008
under the Business Companies Act, 2004 of the territory of the British Virgin Islands. The registration number is 1484337.



Options.



The Registrant has no stock options outstanding.



Share Purchase Warrants.



The Registrant has no share purchase warrants
outstanding.



Memorandum and Articles of Association



Section 5 of the Memorandum of Association provides
as follows:



5.1	Subject to the Act and any
other British Virgin Islands legislation, the Company has, irrespective of corporate benefit:



(a)	full capacity to carry on or
undertake any business or activity, do any act or enter into any transaction; and

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(b)	for the purposes of paragraph
(a), full rights, powers and privileges.



5.2	 For the purposes of section 9(4)
of the Act, there are no limitations on the business that the Company may carry on.



(2)Matters relating to Directors of the Registrant:



(i)	A director’s power to vote on a proposal,
arrangement or contract in which the director is materially interested:



Article 13 of the Registrant’s Articles
states:



13.1	A director of the Company
shall forthwith after becoming aware of the fact that he is interested in a transaction entered into or to be entered into by the
Company, disclose the interest to all other directors of the Company.



13.2	For the purposes of Sub-Regulation
13.1, a disclosure to all other directors to the effect that a director is a member, director or officer of another named entity
or has a fiduciary relationship with respect to the entity or a named individual and is to be regarded as interested in any transaction
which may, after the date of the entry into the transaction or disclosure of the interest, be entered into with that entity or
individual, is a sufficient disclosure of interest in relation to that transaction.



13.3.	A director of the Company
who is interested in a transaction entered into or to be entered into by the Company may:



(a)	vote on a matter relating to the transaction;



(b)	attend a meeting of directors at which
a matter relating to the transaction arises and be included among the directors present at the meeting for the purposes of a quorum;
and



(c)	sign a document on behalf of the Company,
or do any other thing in his capacity as a director, that relates to the transaction, and subject to compliance with the Act shall
not, by reason of his office be accountable to the Company for any benefit which he derives from such transaction and no such transaction
shall be liable to be avoided on the grounds of any such interest or benefit.



(ii)	Directors’ power, in the absence
of an independent quorum, to vote compensation to themselves or any members of their body:



Article 8.13 of the Registrant’s
Articles establishes the parameters for the payment of compensation to board members:



The directors may, by Resolution of Directors,
fix the emoluments of directors with respect to services to be rendered in any capacity to the Company.



(iii)	Borrowing powers exercisable by the directors
and how such borrowing powers can be varied:

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Article 9.6 of the Registrant’s
Articles establishes the borrowing powers exercisable by the directors as follows:



The directors may by Resolution of Directors exercise
all the powers of the Company to incur indebtedness, liabilities or obligations and to secure indebtedness, liabilities or obligations
whether of the Company or of any third party.



(iv)	Retirement or non-retirement of directors
under an age limit.



The Registrant’s Articles contain no requirement
for the retirement or non-retirement of directors under an age limit.



(v)	Number of shares, if any, required for
qualification.



Article 8.14 of the Registrant’s
Articles provides that a director does not require a share qualification.



(3)Rights, preferences and restrictions attaching
to each class of shares:



The Registrant has authorized common shares
and preferred shares, both par value, which may be issued in an unlimited amount. Shares may be issued in one or more series as
the directors may determine by resolution.



(i)	Dividend rights, including time limit after
which dividend entitlement lapses.



Common shareholders are entitled to
dividends as may be declared by the directors from time to time but no dividend shall be declared and paid out except if surplus
and unless the directors determine that immediately after the payment of the dividend:



(a)	the Registrant will be able to satisfy
its liabilities as they become due in the ordinary course of business; and



(b)	the realizable value of the assets of
the Registrant will not be less than the sum of its total liabilities, other than deferred taxes, as shown in the books of account,
and its capital. All dividends unclaimed for three years after having been declared may be forfeited by the directors for the benefit
of the Registrant.



(ii)	Voting Rights; staggered re-election
intervals; cumulative voting.



Each of the Registrant’s common
shares entitles the holder to one vote at any annual or special meeting of shareholders. Directors stand for re-election annually.
The Registrant’s shareholders do not have cumulative voting.



(iii)	Rights to share in surplus in event of
liquidation.



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In the event of the Registrant’s
liquidation, dissolution or winding up or other distribution of the Registrant’s assets, the holders of common shares will
be entitled to receive, on a pro rata

basis, all of the assets remaining after the Registrant’s
liabilities have been paid out.



(iv)	Other.



Holders of the Registrant’s
common shares do not have rights to share in the profits of the Registrant. There are no redemption or sinking fund provisions
with respect to the Registrant’s common shares. Common shareholders have no liability as to further capital calls by the
Registrant. There are no provisions discriminating against any existing or prospective holder of the Registrant’s common
shares as a result of such shareholder owning a substantial number of the Registrant’s common shares. Holders of the Registrant’s
common shares do not have pre-emptive rights.



(4)Actions necessary to change the rights of holders
of the Registrant’s common stock:



In order to change the rights of holders of
a class of the Registrant’s stock, a vote of at least 50% of the issued and outstanding shares of that class is required.



(5)Conditions governing manner in which annual
general meetings and extraordinary general meetings of shareholders are convoked, including conditions of admission:



The directors may convene meetings of the members
of the Registrant at such times and in such manner and places as the directors consider necessary or desirable, and they shall
convene such a meeting upon the written request of members holding more than 30% of the votes of the outstanding voting shares
in the Registrant.



Seven days notice at the least specifying the
place, the day and the hour of the meeting and general nature of the business to be conducted shall be given in the manner hereinafter
mentioned to such persons whose names on the date the notice is given appear as members in the share register of the Registrant.



No business shall be transacted at any meeting
unless a quorum of members is present at the time when the meeting proceeds to business. A quorum shall consist of the holder or
holders present in person or by proxy of not less than one-half of the shares of each class or series of shares entitled to vote
as a class or series thereon and the same proportion of the votes of the remaining shares entitled to vote thereon.



At any meeting of members whether on a show
of hands or on a poll every holder of a voting share present in person or by proxy shall have one vote for every voting share of
which he is the holder.



A resolution which has been notified to all
members for the time being entitled to vote and which has been approved by a majority of the votes of those members in the form
of one or more documents in writing shall forthwith, without the need for any notice, become effectual as a resolution of the members.
Holders are also entitled to vote by consent action signed by the required percentage of members (but less than 100%) if notice
of the action is forthwith sent to all non-consenting shareholders.



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(6)Limitations on rights to own securities of
the Registrant:



There are no limitations on the rights of non-resident
or foreign shareholders to hold or exercise voting rights on the securities of the Registrant which would be imposed by foreign
law or by the charter or other constituent document of the Registrant.



(7)	Provisions of Company’s articles, charter
or by-laws that have the effect of delaying, deferring or preventing a change in control of the Registrant and that would operate
only with respect to a merger, acquisition or corporate restructuring involving the Registrant:



There are no provisions in the Registrant’s
articles, charter or bylaws that would have the effect of delaying, deferring or preventing a change of control of the Registrant
and which would operate only with respect to a merger, acquisition or corporate restructuring of the Registrant.



(8)	Provisions, if any, governing the ownership
threshold above which shareholder ownership must be disclosed:



There are no provisions in the Registrant’s
bylaws which require the disclosure of shareholder ownership above a particular threshold.



C.	Material Contracts



The Registrant has not yet entered into any
material contracts, except for the contract to purchase real property rights described under the caption “Business.”
This contract is incorporated by reference to this report. This contract was cancelled and the $1,000 deposit forfeited due to
the Company's lack of cash.



D.	Exchange Controls



There are no foreign exchange controls in BVI
and funds can be moved easily. There is no restriction in this regard.



E.	Taxation



International Business Companies (IBC) established
in BVI are exempt from the payment of Income Tax and Stamp Duty. Non-residents of BVI are exempt from the income tax payable on
dividends, interest, rents, royalties, compensations and other amounts which are paid to the person by the IBC.



There are no capital gains taxes, inheritance
taxes and death duties. Double Taxation Agreements between the United Kingdom and Japan and Switzerland extend to the British Virgin
Islands but do not generally apply to IBC's.



F.	Dividends and Paying Agents



Not Applicable.



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Transfer Agent



The transfer agent for the common stock is OTC
Stock Transfer, Inc., 6364 S. Highland Dr. Suite 201, Salt Lake City, Utah 84121, and its telephone number is (801) 485-5555.



ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK



This item is not applicable since the Company
is a small business issuer.



ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES



Not applicable.



PART II



ITEM 13. DEFAULTS, DIVIDENDS ARREARAGES AND DELINQUENCIES



Not Applicable.



ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS
AND USE OF PROCEEDS



Not Applicable.



ITEM 15. CONTROLS AND PROCEDURES



Disclosure Controls and Procedures.



We maintain disclosure controls and procedures,
which are designed to ensure that information required to be disclosed in the reports we file or submit under the Securities Exchange
Act of 1934, as amended, is recorded, processed, summarized and reported within time periods specified in the Securities and Exchange
Commission’s rules and forms and such information is accumulated and communicated to our management, including our chief
executive officer, or CEO who is also our chief financial officer and CFO, as appropriate to allow timely decisions regarding required
disclosure.



Under the supervision and with the participation
of the Company’s management, including our CEO who is also our CFO, an evaluation was performed on the effectiveness of the
design and operation of our disclosure controls and procedures as of the end of the period covered by this annual report. Based
on that evaluation, our management, including our CEO who is also our CFO, concluded that our disclosure controls and procedures
were effective as of June 30, 2011.



An evaluation was also performed under the supervision
and with the participation of our management, including our CEO who is also our CFO, of any change in our internal controls over
financial reporting that occurred during our last fiscal quarter and that has materially affected, or is reasonably likely to materially
affect, our internal controls over financial reporting. The evaluation did not identify any change in our internal controls over
financial reporting that occurred during our latest fiscal quarter and that has materially affected, or is reasonably likely to
materially affect, our internal controls over financial reporting.



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Management’s Report on Internal Control over Financial
Reporting



Our management is responsible for establishing
and maintaining adequate internal control over financial reporting, as this term is defined in Exchange Act Rules 13a-15(f) and
15d-15(f). All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems
determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.



Under the supervision and with the participation
of our management, including our CEO/CFO, we conducted an evaluation of the effectiveness of our internal control over financial
reporting based on the framework in Internal Control Integrated Framework issued by the Committee of Sponsoring Organizations of
the Treadway Commission. Based on our evaluation under the framework in Internal Control Integrated Framework, our management concluded
that our internal control over financial reporting was effective as of June 30, 2011. However, our annual report does not include
an attestation report of our independent registered accountant on Management’s Annual Report on Internal Control over Financial
Reporting.



ITEM 16.



[RESERVED]



ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT



The Company’s Board of Directors has not
designated board members to an Audit Committee as of the date of this report.



ITEM 16B. CODE OF ETHICS



The Company has not yet adopted a code of ethics
for the Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer due to its level of operations.



ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES



Audit Fee



The aggregate fees paid relating to the audit
of the Company's annual financial statements for the two years ended June 30, 2011 was $4,500.



All Other Fees



The aggregate fees paid for other accounting
services in the years ended June 30, 2011 and 2010 were $0.



Item 16D. Exemptions from the Listing Standards for Audit
Committees.



Not Applicable.



Item 16E. Purchases of Equity Securities by the Issuer
and Affiliated Purchasers.



Not Applicable.

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Item 16F. Change in Registrant’s Certifying Accountant.



Not Applicable.



Item 16G. Corporate Governance.



Not Applicable.





PART III



ITEM 17. FINANCIAL STATEMENTS



Not applicable



ITEM 18. FINANCIAL STATEMENTS















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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM



Officers and Directors

BlueStar Entertainment Technologies, Inc.



We have audited the accompanying balance sheet
of BlueStar Entertainment Technologies, Inc. (formerly Solarte Hotel Corporation) as of June 30, 2011 and 2010, and the related
statements of operations, changes in stockholders’ equity (deficit), and cash flows for the years then ended. These financial
statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial
statements based on our audit.



We conducted our audit in accordance with the
standards of the Public Company Accounting Oversight Board (United States of America). Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The
Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our
audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate
in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control
over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement presentation.We believe
that our audit provides a reasonable basis for our opinion.



In our opinion, the consolidated financial statements
referred to above present fairly, in all material respects, the financial position of BlueStar Entertainment Technologies, Inc.
as of June 30, 2011 and 2010, and the results of its operations, and its cash flows for the years then ended, in conformity with
accounting principles generally accepted in the United States of America.

The accompanying financial statements referred
to above have been prepared assuming the Company will continue as a going concern. As discussed in Note 6 to the financial statements,
the Company has recurring losses and has not generated revenues from its planned principal operations. These factors raise substantial
doubt that the Company will be able to continue as a going concern. The financial statements do not include any adjustments that
might result from the outcome of this uncertainty.



/s/ Child, Van Wagoner & Bradshaw, PLLC

Certified Public Accountants

Salt Lake City, Utah

January 17, 2012





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BLUESTAR ENTERTAINMENT TECHNOLOGIES, INC.

(Formerly Solarte Hotel Corporation)

(A Development Stage Company)

BALANCE SHEETS







|                                                     |  | June 30, 2011 |         | June 30, 2010
|---------------------------------------------------- |  | ------------- | ------- | -------------
|                                                     |  |               |         |              
|ASSETS                                               |  |               |         |              
|                                                     |  |               |         |              
|Current Assets                                       |  |               |         |              
|Cash and Cash Equivalents                            |  | $             | —       |              
|                                                     |  |               |         |              
|Total Current Assets                                 |  |               | —       |              
|                                                     |  |               |         |              
|Total Assets                                         |  | $             | —       |              
|                                                     |  |               |         |              
|LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)       |  |               |         |              
|                                                     |  |               |         |              
|Current Liabilities                                  |  |               |         |              
|                                                     |  |               |         |              
|Accrued Expenses                                     |  | $             | 955     |              
|Related Party Payable                                |  |               | 53,252  |              
|                                                     |  |               |         |              
|Total Current Liabilities                            |  |               | 54,207  |              
|                                                     |  |               |         |              
|Stockholders' Equity                                 |  |               |         |              
|                                                     |  |               |         |              
|Common stock, no par value; unlimited                |  |               |         |              
|number of shares authorized; 15,500,000              |  |               |         |              
|shares issued and outstanding                        |  |               | 30,000  |              
|                                                     |  |               |         |              
|Additional paid in Capital                           |  |               | —       |              
|                                                     |  |               |         |              
|Retained Earnings (Accumulated Deficit)              |  |               | (84,207 | )            
|                                                     |  |               |         |              
|Total Stockholders' Equity (Deficit)                 |  |               | (54,207 | )            
|                                                     |  |               |         |              
|Total Liabilities and Stockholders' Equity (Deficit) |  | $             | —       |              
|                                                     |  |               |         |              



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BLUESTAR ENTERTAINMENT TECHNOLOGIES, INC.

(Formerly Solarte Hotel Corporation)

(A Development Stage Company)

STATEMENTS OF OPERATIONS





|                                                          |  | YEAR ENDED JUNE 30, 2011 |         | YEAR ENDED JUNE 30, 2010 |  | INCEPTION (5/28/08) TO JUNE 30, 2011
|--------------------------------------------------------- |  | ------------------------ | ------- | ------------------------ |  | ------------------------------------
|                                                          |  |                          |         |                          |  |                                     
|Revenues                                                  |  | $                        | —       |                          |  | $                                   
|                                                          |  |                          |         |                          |  |                                     
|General and Administrative Expenses                       |  |                          | 27,079  |                          |  |                                     
|                                                          |  |                          |         |                          |  |                                     
|Total Expenses                                            |  |                          | 27,079  |                          |  |                                     
|                                                          |  |                          |         |                          |  |                                     
|Net Operating Loss                                        |  |                          | (27,079 | )                        |  |                                     
|                                                          |  |                          |         |                          |  |                                     
|Other Income (Loss)-     Discontinued operations          |  |                          | —       |                          |  |                                     
|                                                          |  |                          |         |                          |  |                                     
|Net Income (Loss)                                         |  | $                        | (27,079 | )                        |  | $                                   
|                                                          |  |                          |         |                          |  |                                     
|Per Share Information:                                    |  |                          |         |                          |  |                                     
|                                                          |  |                          |         |                          |  |                                     
|Net Income (Loss) per share;     15,500,000 shares issued |  | $                        | (0.002  | )                        |  | $                                   



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BLUESTAR ENTERTAINMENT TECHNOLOGIES, INC.

(Formerly Solarte Hotel Corporation)

(A Development Stage Company)

STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)

ACCUMULATED FOR THE PERIOD FROM DATE OF INCEPTION

ON MAY 28, 2008 TO JUNE 30, 2011





|                              |  | Common Stock |            | Deficit Accumulated During the Development |  | Total Stockholders'
|----------------------------- |  | ------------ | ---------- | ------------------------------------------ |  | -------------------
|                              |  | Shares       |            | Amount                                     |  | Stage              
|                              |  |              |            |                                            |  |                    
|Balance May 28, 2008          |  |              | —          |                                            |  | $                  
|                              |  |              |            |                                            |  |                    
|Common stock issued for       |  |              |            |                                            |  |                    
|cash of $10,000 on inception  |  |              | 15,000,000 |                                            |  |                    
|                              |  |              |            |                                            |  |                    
|Common stock issued for       |  |              |            |                                            |  |                    
|cash of $20,000 May 31, 2008  |  |              | 500,000    |                                            |  |                    
|                              |  |              |            |                                            |  |                    
|Net Loss for the period from  |  |              |            |                                            |  |                    
|May 28, 2008 to June 30, 2008 |  |              | —          |                                            |  |                    
|                              |  |              |            |                                            |  |                    
|Balance as of June 30, 2008   |  |              | 15,500,000 |                                            |  |                    
|                              |  |              |            |                                            |  |                    
|Net loss for the year ended   |  |              |            |                                            |  |                    
|June 30, 2009                 |  |              | —          |                                            |  |                    
|                              |  |              |            |                                            |  |                    
|Balance as of June 30, 2009   |  |              | 15,500,000 |                                            |  |                    
|                              |  |              |            |                                            |  |                    
|Net loss for the year ended   |  |              |            |                                            |  |                    
|June 30, 2010                 |  |              | —          |                                            |  |                    
|                              |  |              |            |                                            |  |                    
|Balance as of June 30, 2010   |  |              | 15,500,000 |                                            |  |                    
|                              |  |              |            |                                            |  |                    
|Net loss for the year ended   |  |              |            |                                            |  |                    
|June 30, 2011                 |  |              | —          |                                            |  |                    
|                              |  |              |            |                                            |  |                    
|Balance as of June 30, 2011   |  |              | 15,500,000 |                                            |  | $                  

)

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BLUESTAR ENTERTAINMENT TECHNOLOGIES, INC.

(Formerly Solarte Hotel Corporation)

(A Development Stage Company)

STATEMENTS OF CASH FLOWS





|                                                       |  | YEAR ENDED JUNE 30, 2011 |         | YEAR ENDED JUNE 30, 2010 |  | INCEPTION (5/28/08) TO JUNE 30, 2011
|------------------------------------------------------ |  | ------------------------ | ------- | ------------------------ |  | ------------------------------------
|                                                       |  |                          |         |                          |  |                                     
|CASH FLOWS FROM OPERATING ACTIVITIES:                  |  |                          |         |                          |  |                                     
|                                                       |  |                          |         |                          |  |                                     
|Net income (loss)                                      |  | $                        | (27,079 | )                        |  | $                                   
|                                                       |  |                          |         |                          |  |                                     
|Adjustments to reconcile net income (loss) to net cash |  |                          |         |                          |  |                                     
|used by operating activities:                          |  |                          |         |                          |  |                                     
|(Increase) decrease in Escrow Deposits                 |  |                          |         |                          |  |                                     
|(Increase) decrease in Prepaid Expenses                |  |                          |         |                          |  |                                     
|Increase (decrease) in Accrued Expenses                |  |                          | 955     |                          |  |                                     
|Increase (decrease) in Related Party Payable           |  |                          | 26,124  |                          |  |                                     
|                                                       |  |                          |         |                          |  |                                     
|Net cash provided (used) by Operating Activities       |  |                          | —       |                          |  |                                     
|                                                       |  |                          |         |                          |  |                                     
|CASH FLOWS FROM INVESTING ACTIVITES:                   |  |                          |         |                          |  |                                     
|                                                       |  |                          |         |                          |  |                                     
|Net cash used by investing activities                  |  |                          | —       |                          |  |                                     
|                                                       |  |                          |         |                          |  |                                     
|CASH FLOWS FROM FINANCING ACTIVITIES:                  |  |                          |         |                          |  |                                     
|                                                       |  |                          |         |                          |  |                                     
|Sale of common stock                                   |  |                          |         |                          |  |                                     
|                                                       |  |                          |         |                          |  |                                     
|Net cash Provided by financing activities              |  |                          | —       |                          |  |                                     
|                                                       |  |                          |         |                          |  |                                     
|NET INCREASE (DECREASE) IN CASH                        |  |                          | —       |                          |  |                                     
|                                                       |  |                          |         |                          |  |                                     
|CASH, AT BEGINNING OF PERIOD                           |  |                          | —       |                          |  |                                     
|                                                       |  |                          |         |                          |  |                                     
|CASH, AT END OF PERIOD                                 |  | $                        | —       |                          |  | $                                   





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BLUESTAR ENTERTAINMENT TECHNOLOGIES, INC.

(Formerly Solarte Hotel Corporation)

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS





NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



A summary of significant accounting policies of Bluestar Entertainment
Technologies, Inc. (the Company) is presented to assist in understanding the Company’s financial statements. The accounting
policies presented in these footnotes conform to accounting principles generally accepted in the United States of America and have
been consistently applied in the preparation of the accompanying financial statements. These financial statements and notes are
representations of the Company’s management who are responsible for their integrity and objectivity.



Organization, Nature of Business and Trade Name



Bluestar Entertainment Technologies, Inc. (the “Company”)
was organized under the Business Companies Act of 2004 of the British Virgin Islands on May 28, 2008. The Company had contracted
to purchase real estate in Panama on which it intended to develop a hotel. This business was abandoned and is accounted for as
discontinued operations. During the year ended June 30, 2011, the Company offered incorporation services in Panama and other offshore
jurisdictions. The Company did not realize significant revenues from its planned principal business purpose and is considered to
be in its development stage in accordance with ASC 915, “Development Stage Entities”, formerly known as SFAS 7, “Accounting
and Reporting by Development Stage Enterprises.” The Company has, at the present time, not paid any dividends and any
dividends that may be paid in the future will depend upon the financial requirements of the Company and other relevant factors.
In December 2011, the Company changed its name from Solarte Hotel Corporation to Bluestar Entertainment Technologies, Inc.



Basis of Presentation



The accompanying financial statements have been prepared
in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).



Fiscal Year- The Company’s fiscal year-end
is June 30.



Cash and Cash Equivalents- The Company considers
all highly liquid debt investments purchased with a maturity of three months or less to be cash equivalents.



Advertising Costs-Advertising costs are charged
to operations when incurred. The Company has not yet incurred any advertising costs.



Organization Costs- Organization costs, which reflect
amounts expended as of June 30, 2008, were expensed as incurred. There were no organization costs incurred in 2010 or 2011.



Accounting Estimates - The preparation of financial
statements in conformity with generally accepted accounting principles in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and
liabilities at the date of the financial statements, and the reported amount of revenues and expenses

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BLUESTAR ENTERTAINMENT TECHNOLOGIES, INC.

(Formerly Solarte Hotel Corporation)

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS





NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Continued]



during the reported period. The current economic environment has
increased the degree of uncertainty inherent in these estimates and assumptions. Actual results could differ from those estimated.



Offering Costs– Costs of issuing stock are
deducted from the proceeds of the issue. For the periods ended June 30, 2010 and 2011, there were no offering costs.



Land– Acquisition costs for the property are
capitalized as incurred. If the property acquisition does not close, they will be expensed.



Accounts Receivable - Accounts receivable are presented net
of doubtful accounts. As of the periods presented there were no accounts receivable.



Deposits - Deposits consist of customer deposits for incorporation
fees which have not been applied. As of June 30, 2011 and 2010 there were no deposits.



Discontinued Operations - Discontinued Operations include
the write off of acquisition costs related to the proposed hotel project which was abandoned when the Company was unable to fund
the purchase price.



Income tax-We are not subject to income taxes in
the U.S. Significant judgment is required in evaluating our uncertain tax positions and determining our provision for income taxes.
In accordance with FASB ASC Topic 740, “Income Taxes,”we provide for the recognition of deferred tax assets
if realization of such assets is more likely than not. See Note 4.



Non-Cash Equity Transactions-Shares of equity instruments
issued for non-cash consideration are recorded at the fair value of the consideration received based on the market value of services
to be rendered, or at the value of the stock given, considered in reference to contemporaneous cash sale of stock.



Fair Value Measurements-Effective beginning second
quarter 2010, the FASB ASC Topic 825, Financial Instruments, requiresdisclosures about fair value of financial instruments
in quarterly reports as well as in annual reports. For the Company, this statement applies to certain investments and long-term
debt. Also, the FASB ASC Topic 820, Fair Value Measurements and Disclosures, clarifies the definition of fair value for
financial reporting, establishes a framework for measuring fair value and requires additional disclosures about the use of fair
value measurements.



Various inputs are considered when determining the value of the
Company’s investments and long-term debt. The inputs or methodologies used for valuing securities are not necessarily an
indication of the risk associated with investing in these securities. These inputs are summarized in the three broad levels listed
below.



·Level 1 – observable market inputs that are unadjusted quoted prices for identical assets
or liabilities in active markets.



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BLUESTAR ENTERTAINMENT TECHNOLOGIES, INC.

(Formerly Solarte Hotel Corporation)

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS





NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Continued]



·Level 2 – other significant observable inputs (including quoted prices for similar securities,
interest rates, credit risk, etc.).



·Level 3 – significant unobservable inputs (including the Company’s own assumptions
in determining the fair value of investments).



The Company’s adoption of FASB ASC Topic 825 did not have
a material impact on the Company’s consolidated financial statements.



The carrying value of financial assets and liabilities recorded
at fair value is measured on a recurring or nonrecurring basis. Financial assets and liabilities measured on a non-recurring basis
are those that are adjusted to fair value when a significant event occurs. The Company had no financial assets or liabilities carried
and measured on a nonrecurring basis during the reporting periods. Financial assets and liabilities measured on a recurring basis
are those that are adjusted to fair value each time a financial statement is prepared. The Company’s had no financial assets
and/or liabilities carried at fair value on a recurring basis at June 30, 2011 or 2010.



The availability of inputs observable in the market varies from
instrument to instrument and depends on a variety of factors including the type of instrument, whether the instrument is actively
traded, and other characteristics particular to the transaction. For many financial instruments, pricing inputs are readily observable
in the market, the valuation methodology used is widely accepted by market participants, and the valuation does not require significant
management discretion. For other financial instruments, pricing inputs are less observable in the market and may require management
judgment. As of June 30, 2011 and 2010, the Company had no assets.



Basic and diluted earnings per share



Basic earnings per share are based on the weighted-average number
of shares of common stock outstanding. Diluted Earnings per share is based on the weighted-average number of shares of common stock
outstanding adjusted for the effects of common stock that may be issued as a result of the following types of potentially dilutive
instruments:



·Warrants,



·Employee stock options, and



·Other equity awards, which include long-term incentive awards.



The FASB ASC Topic 260, Earnings Per Share, requires the
Company to include additional shares in the computation of earnings per share, assuming dilution.



Diluted earnings per share is based on the assumption that all dilutive
options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options are

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BLUESTAR ENTERTAINMENT TECHNOLOGIES, INC.

(Formerly Solarte Hotel Corporation)

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS





NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Continued]



assumed to be exercised at the time of issuance, and as if funds
obtained thereby were used to purchase common stock at the average market price during the period.



Basic and diluted earnings per share are the same as there was no
dilutive effect of any stock options for the years ended June 30, 2011 and 2010.



Concentrations, Risks, and Uncertainties-The Company
did not have a concentration of business with suppliers or customers constituting greater than 10% of the Company’s gross
sales during 2011 and 2010.



NOTE 2 - RECENTLY ENACTED ACCOUNTING STANDARDS



In January 2010, the FASB issued Accounting Standards Update (ASU)
2010-6, “Improving Disclosures about Fair Value Measurements.” This update requires additional disclosure within the
roll forward of activity for assets and liabilities measured at fair value on a recurring basis, including transfers of assets
and liabilities between Level 1 and Level 2 of the fair value hierarchy and the separate presentation of purchases, sales, issuances
and settlements of assets and liabilities within Level 3 of the fair value hierarchy. In addition, the update requires enhanced
disclosures of the valuation techniques and inputs used in the fair value measurements within Levels 2 and 3.



The new disclosure requirements are effective for interim and annual
periods beginning after December 15, 2009, except for the disclosure of purchases, sales, issuances and settlements of Level 3
measurements. Those disclosures are effective for fiscal years beginning after December 15, 2010. As ASU 2010-6 only requires enhanced
disclosures, the company does not expect that the adoption of this update will have a material effect on its financial statements.



Subsequent Events- In May 2010, the FASB issued accounting
guidance now codified as FASB ASC Topic 855, “Subsequent Events,”which establishes general standards of accounting
for, and disclosures of, events that occur after the balance sheet date but before financial statements are issued or are available
to be issued. FASB ASC Topic 855 is effective for interim or fiscal periods ending after June 15, 2010. Accordingly, the Company
adopted the provisions of FASB ASC Topic 855 on July 9, 2010. The Company has evaluated subsequent events for the period from July
1, 2011 to the date of these financial statements. Pursuant to the requirements of FASB ASC Topic 855, subsequent events are disclosed
in Note 8.



Stock Based Compensation - For purposes of determining the
variables used in the calculation of stock compensation expense under the provisions of FASB ASC Topic 505, “Equity”
and FASB ASC Topic 718, “Compensation — Stock Compensation,”we perform an analysis of current market
data and historical company data to calculate an estimate of implied volatility, the expected term of the option and the expected
forfeiture rate. With the exception of the expected forfeiture rate, which is not an input, we use these estimates as variables
in the Black-Scholes option pricing model. Depending upon the number of stock options granted, any fluctuations in these calculations
could have a material effect on the future results. In addition, any differences between estimated forfeitures and actual forfeitures
could also have a material impact on our financial statements in the future. The Company has not issued any stock based compensation
through June 30, 2011, but may do so in the future.



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BLUESTAR ENTERTAINMENT TECHNOLOGIES, INC.

(Formerly Solarte Hotel Corporation)

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS



NOTE 3 – CAPITAL STOCK



Common Stock-The Company has authorized an unlimited
number of shares of no par value common stock and preferred stock. In May 2008, in connection with its organization, the Company
issued 3,000,000 shares of their previously authorized but unissued common stock to one person for $10,000 cash. An additional
100,000 shares were issued to one purchaser for $20,000 on June 30, 2008.



On June 12, 2011, our board of directors approved a 5-for-1 forward
split of our common shares. As a result of the forward split, total outstanding common shares were increased from 3,100,000 to
15,500,000 shares. Each holder of one common share received an additional certificate for four shares. All references to common
shares in the financial statements and accompanying notes to the financial statements have been retroactively restated to reflect
the changes in capital structure resulting from the forward split.



NOTE 4 - RELATED PARTY TRANSACTIONS



The related party payable balance of $53,252 consists of amounts
owing for executive compensation and loans as follows:



|$27,128 | Owed to and officer/shareholder as of June 30, 2010                                                                
|------- | -------------------------------------------------------------------------------------------------------------------
|$19,225 | Board-approved compensation for an executive of the Company during the year ended June 30, 2011                    
|$6,899  | Cost of sales and audit fees paid on behalf of the Company by a related parties during the year ended June 30, 2011



The amounts are non-interest bearing and due on demand. No amounts
have been repaid during the year ended June 30, 2011.



NOTE 5 - GOING CONCERN



The accompanying financial statements have been prepared in conformity
with generally accepted accounting principles in the United States of America, which contemplate continuation of the Company as
a going concern. However, the Company was only recently formed and has not yet been successful in establishing profitable operations.
These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management
is proposing to raise any necessary additional funds not provided by operations through loans or through additional sales of their
common stock. There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable
operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.



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BLUESTAR ENTERTAINMENT TECHNOLOGIES, INC.

(Formerly Solarte Hotel Corporation)

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS



NOTE 6 - LOSS PER SHARE



The following data shows the amounts used in computing loss per
share:





|                                                                |  | Year ended June 30, 2011 |            | Year ended June 30, 2010
|--------------------------------------------------------------- |  | ------------------------ | ---------- | ------------------------
|Loss from operations available                                  |  |                          |            |                         
|to common shareholders (numerator)                              |  | $                        | (27,079    | )                       
|                                                                |  |                          |            |                         
|Weighted average number of common shares                        |  |                          |            |                         
|outstanding used in loss per share for the period (denominator) |  |                          | 15,500,000 |                         
|                                                                |  |                          |            |                         





Dilutive loss per share was not presented, as the Company had no
common stock equivalent shares for all periods presented that would affect the computation of diluted loss per share.



NOTE 8 - SUBSEQUENT EVENT



In December 2011, the Company changed its name from Solarte Hotel
Corporation to Bluestar Entertainment Technologies, Inc.







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ITEM 19. EXHIBITS

|Exhibit
        Number |  | Title of Document                                                                                    
|---------------------- |  | -----------------------------------------------------------------------------------------------------
|3.1                    |  | Memorandum and Articles of Association(1)                                                            
|10.1                   |  | Purchase Contract for Isla Solarte property, as revised.(2)                                          
|31.1                   |  | Certification of Chief Executive and Financial Officer Pursuant to Exchange Act Rule 13a-14(a)(11)(3)
|32.1                   |  | Certification of Chief Executive and Financial Officer pursuant to 18 U.S.C. Section 1350(11)(4)     



(b) Financial Statement Schedules



All schedules are omitted because they are not
applicable or because the required information is included in the financial statements or notes thereto.



(1)	Filed with original filing of the Company's Registration
Statement on Form F-1, file number 333-152294 Dated July 11, 2011

(2) 	Filed with Amendment 2 to the Registration Statement. on
Form F-1, file number 333-152294 Dated July 11, 2011

(3)	Filed herewith.

(4)	Filed herewith.





SIGNATURES



Pursuant to the requirements of Section 12 of
the Securities Exchange Act of 1934, the registrant certifies that it meets all of the requirements for filing on Form 20-F and
has duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized, on January 17, 2012.



BlueStar Entertainment Technologies, Inc.



By:    /s/ Erick Hansen

Erick Hansen, Chief Executive Officer

















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