SOURCE: Blue Star Opportunities Corp.

September 09, 2014 08:15 ET

Blue Star Opportunities Corp. (BSTO) Provides Revenue Guidance for Q3

Orders and Shipments to Date Indicate an Almost 250% Increase Over Last Quarter

LAS VEGAS, NV--(Marketwired - Sep 9, 2014) - Blue Star Opportunities Corp. (The "Company") (PINKSHEETS: BSTO) announces today that based on orders and shipments to date, Q3 will be a banner quarter with an increase in revenues of nearly 250% over the previous quarter. The company sees revenues for Q32015 reach between $1,300,000 and $1,500,000, based on the volume of business so far in the quarter. Both cash flow and income will be positive with the latter coming in at close to $100,000.

An increasing flow of orders is being generated by our more than 400 retail locations featuring our specialty displays of pre finished cork. The response from dealers and consumers continues to be extremely positive. Orders are coming in on a daily basis and the business is growing quickly. The company is on track to double the number of outlets to 800 by Christmas.

We intend to maintain the pace of expansion of the sales network through 2015 and 2016, until our special retail displays have been installed in 6000 locations across North America. The Company continues to evaluate that 6000 locations would generate between 20 and 30 million in annual revenues based on the sales flow produced so far by the first locations during the first seven months of the program.

The company has been using very advanced technology in producing hundreds of colors of exceptional quality. New applications like nanotechnology has helped us transform cork tiles from commodity into beautiful elements for fashionable home decor. Our streamlined supply chain and inventory management system is playing a major role in our growth.

We are still winning business with our more traditional fashion lines such as long and wide planks in oil penetrating stains and specialty colors like silvers, white washes and grays which are increasingly in demand today. We are pursuing our distribution drive to bring these lines to the attention of hundreds of architect and design firms.

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. The company is a leader in LEED certified Cork and bamboo flooring offered in hundreds of beautiful hand finished colors. All of the company's diversified wood product lines are offered through a long established network of value added resellers and independent agents located in all major markets throughout the US and Canada. The company serves architects, designers and real estate managers offering more than 30 lines of traditional oak, maple, hickory and many other types of wood in all sizes including larger width and length flooring. Our ready to install pre finished Cork Tiles are offered in 6 patterns and 56 colors through hundreds of retail location through the US and Canada.

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.

Contact Information

  • CONTACT:

    Joseph Hozer
    514 679-3403