Star8 Corporation Corporate Update
26 Noviembre 2012 - 7:30AM
Star8 Corporation (STRH:OTCMarkets), a provider of low cost mobile
smart phones and related accessories to emerging markets, is
pleased to provide shareholders with an update on its business.
The last two quarters have been extremely productive for our
company, having established a wholly owned subsidiary in Hong Kong
and begun generating substantial revenues. Star8 believes the
expansion and foundation of business developed over the last six
months will continue to support robust growth for our company in
the coming quarters.
Star8 expects revenues for the 4th quarter to reach a range of
$2.3 to $2.6 million with total 2012 revenues of approaching $5
million.
"2013 is shaping up to look quite promising and, although early,
we anticipate top line revenue reaching our goals set out earlier
this year," said William Car, President of Star8. "We continue to
see growth and will work very hard to reach those goals."
In April of this year, Star8 completed a definitive agreement
with HLK partners to operate Star8's wholly owned Hong Kong
subsidiary. HLK partners received 20,000,000 shares of Star8 Corp
and can earn an additional 60,000,000 shares during the first
twelve months of the agreement based on reaching specific sales
targets. More specifically, for each US$10,000,000 in revenue
generated, HLK will receive 20,000,000 shares. HLK can earn
additional shares beyond the 80,000,000 total shares if all targets
are met after the twelve-month period.
For more information on the definitive agreement and our Hong
Kong subsidiary, please refer to the Star8 press release dated
April 9, 2012.
Star8 also expects to launch two more low cost, full-featured
Android devices before the end of the year, under the Axiom brand
name, expanding the overall product offering to our customers.
For more information on Star8 and our products, please visit
www.star8corp.com
About Star8 Corporation
Star8 Corporation (OTCMarkets:STRH) is a global provider of low
cost full-featured mobile email phones and mobile phone related
accessories. The Company's focus is to provide a low cost
alternative to the more expensive smart phones available in the
market today. Star8 is strictly focused on emerging markets where
the mobile operator subscriber base is predominantly prepaid. These
markets do not provide their subscribers with a subsidy on phone
purchases, which leaves a very small percentage of the subscriber
base with the ability to afford the more costly smart phones.
Star8 is positioning itself to take advantage of the explosive
growth in the Low Cost Mobile Messaging Handset market. Global
shipments of mobile handsets are forecast to be close to 2 billion
in 2012.
Star8 is poised to take advantage of the tremendous growth in
these markets and its products will be marketed to mobile users in
South East Asia, Africa, the Middle East and Latin America through
existing relationships.
With management experience garnered on a global basis, Star8 has
uncovered an opportunity to market a mobile handset in conjunction
with a mobile email product in markets where the subscriber base is
highly weighted by subscribers who are "prepaid."
Forward-Looking Statements
This document may contain forward-looking statements, relating
to Star8 Corporation operations or to the environment in which it
operates, including those regarding Star8's preliminary revenue and
expectations for the fourth quarter of 2012, which are based on
Star8 Corporations operations, estimates, forecasts and
projections. These statements are not guarantees of future
performance and involve risks and uncertainties that are difficult
to predict, and/or are beyond Star8 Corporations control. A number
of important factors could cause actual outcomes and results to
differ materially from those expressed in these forward-looking
statements. Consequently, readers should not place any undue
reliance on such forward-looking statements. Star8 Corporation
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
CONTACT: For Investors:
William Car
President, Star8 Corporation
info@star8corp.com
Star8 (PK) (USOTC:STRH)
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