PhotonStar LED Group PLC (AIM:PSL) said that Board of PhotonStar is considering the options available to the PhotonStar Group regarding PhotonStar LED Limited. The options include a distressed sale of the PhotonStar LED, which may have certain regulatory conditions should a buyer be found, or the appointment of administrators over PhotonStar LED in order to reduce the PhotonStar Group’s debt, overheads and operational losses. A further announcement regarding the future of PhotonStar LED will be made as soon as practicable.