LAS VEGAS, NV--(Marketwire - Oct 25, 2012) - Blue Star Opportunities Corp. (The "Company") (PINKSHEETS: BSTO) announces that it has completed a strong quarter and is well on its way to meeting its expansion targets for its new network of factory sales outlets. The 3-year expansion plan calls for 36 additional new stores in targeted high traffic areas. This is in addition to the current 4 sales outlets now in operation, and another 3 sales outlets which are currently in the process of completion.
To meet strong consumer demand, the Company has expanded its product line adding 6 new Duro Design product lines. The ever-increasing demand for environmentally friendly, new style concepts in flooring, the fast growing segment which is expected to grow to 20% of the estimated $25 Billion American flooring market. Currently the Company now offers 10 major product lines with another 10 product lines in development and slated to hit the market within the coming year.
The company operates a unique proprietary production chain of LEED standard flooring that will easily supply its new network of 36 factory outlets and associated resellers as well as its business of supplying an institutional market that includes museums, churches and retail store chains. With these networks, the company feels it will be in a strong leadership position to secure a 3% share of the United States and Canadian specialty flooring market niches, valued at as much as $150 Million in revenues annually.
New construction and renovations, whether by individuals, professionals, or larger commercial construction companies, will likely look to a new LEED standard in flooring, a standard in which we have been a leader for over a decade. Blue Star's Duro Design brand is being sought after to participate in major bids for multi-million dollar commercial real estate projects.
Our ongoing core business of supplying ecology-sensitive clients like fast growing store chain Lululemon Athletica continues to thrive, and we have garnered significant additional business through our success in these store-wide deployments.
Going forward, Blue Star expects to open its next wave of 12 factory outlets by Q3 2013 which will contribute to help the company reach annual sales of no less than $20 Million.
Financial results for last quarter will be posted in the second week of November.
ABOUT BLUE STAR
Blue Star Opportunities Corp. is a supplier of environmentally friendly components used in renovation and construction of family homes, commercial and retail space, and multi-unit dwellings. Its products include materials for housing parts that are traditionally made of wood. It is now a leader in LEED certified bamboo and cork flooring offered in hundreds of beautiful hand finished colors offered at factory prices. The Company's policy is to offer to its clients LEEDS-validated materials from renewable resources in order to service the growing market of consumers and end-users who are demanding green products for their homes and projects.
FORWARD-LOOKING STATEMENTS Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Company's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.