October 30, 2009 (FinancialWire) — Bluestar Financial Group, Inc. (OTCBB: BSFG) (Current Market Cap: $2.85 Mil.) has appointed Richard Papworth as its interim chief executive officer. He served previously for three years as chief financial officer of Telgian Corp.

Prior to serving at Telgian, Papworth was the CFO of the Phoenix division of Meritage Homes (NYSE: MTH). From 2000 to 2004, he was CFO of Kronos Advanced Technologies (OTCBB: KNOS).

Richland, Washington-based Bluestar Financial plans to provide small ticket item leasing to small and middle market companies primarily within the hospitality, spa, and resort communities.

The company plans to lease equipment, such as audiovisual, computer systems, and laundry and health spa equipment.

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