SOURCE: Blue Star Opportunities Corp.

December 04, 2014 07:30 ET

Blue Star Opportunities Corp. (BSTO) Reports Product Sales Growth of More Than 250% Over Previous Quarter; Multi Product Retail Strategy Proves Effective as Earnings Jump by More Than 400%

LAS VEGAS, NV--(Marketwired - Dec 4, 2014) - Blue Star Opportunities Corp. (The "Company") (OTC PINK: BSTO) announces today that its roll out of its new flooring fashion lines are being well received in the market place and are now being sold in more than 700 hundreds retail locations across the US.

This new strategy ushered in back in February of this year has been fueling product sales that have reached 1.4 million in Q3, a major increase over the previous quarter with earnings topping a record $160,000.

The company continues to deploy its specially designed displays which are being continuously improved to get the best customer response. We are on target to meet our goal of having over one thousand two hundred sales locations by Q1 2015 as previously announced. The response from dealers and consumers continues to be extremely positive. Orders are coming in on a daily basis and business growth is being helped by the growing demand for quality flooring in New York City's recovering construction recovery.

We intend to continue expanding the retail network through 2015 and 2016. Until our special retail displays will have been 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 eight 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 and our newfound profitability.

More information and details on our performance in the third quarter can be found in our Q3 filing on OTC Markets' site.

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 Information
    Joseph Hozer
    514 679-3403