LAS VEGAS, NV--(Marketwire - Nov 13, 2012) - Blue Star Opportunities Corp. (The "Company") (PINKSHEETS: BSTO) announces the opening of two major sales showrooms in New York City, in partnership with local associates who have 25 years experience in that lucrative marketplace.
Work is currently underway in both Brooklyn and Manhattan outlets. The Midtown Manhattan location is in the midst of the world's largest concentration of architect and designer firms. Many have been doing business with us over the years. We will now be in closer proximity to that important client base as well as serving the city's fashion-conscious and affluent consumers.
The entire Duro Design product line and its industry-best array of 300 custom colors will now be available to the largest concentration of consumers in the U.S. and its reviving construction market, which will drive revenues past the $10 million mark.
Following the New York area, the company will be branching out to key markets in California including Los Angeles, San Francisco, East Bay and Marin Country, where local lifestyles and environmentally conscious demand means prioritizing a strong presence.
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 10 more factory outlets by Q3 2013 which will contribute to help the company reach annual sales of no less than $20 Million.
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.