LAS VEGAS, NV--(Marketwire - Dec 5, 2012) - Blue Star Opportunities Corp. (The "Company") (PINKSHEETS: BSTO) announces that its two sales showrooms in New York City are operative and are carrying the full lines of Company products including recent additions in the largest wood flooring market in the nation.
Blue Star is extremely competitive in the New York/New Jersey market both in terms of price and quality. We offer a compelling value proposition to both commercial and retail clients: higher quality, an industry-best mastery of color, design and fashion all of which we provide at the same prices as the lower end products from major chains. Thanks to our unique manufacturing efficiency and supply network we offer a higher quality product at a much lower price.
Our Mid-town Manhattan location now supports and hopes to expand our long established relationships with the world's largest concentration of architect and designer firms. Many have been doing business with us over the years. We now benefit from a closer proximity to that important client base as well as serving the city's fashion conscious and affluent consumers.
Blue Star is being approached to participate in major multi-million dollar commercial projects as the real estate market is finally rebounding from its five-year slump. Also additional strong demand is expected in the reconstruction drive to repair damages in the wake of hurricane Sandy.
The company operates a unique proprietary production chain of LEED standard flooring that will easily supply its new network of multiple 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 which could represent revenues of as much as $200 Million annually.
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.
Following the New York area, the company will be branching out to key markets in California including Los Angeles, San Francisco, East Bay and Marine Country, where local lifestyles and environmentally conscious demand means prioritizing a strong presence.
Going forward, Blue Star expects to open its next locations in a few weeks time and is on track to meet and perhaps exceed its $20 million revenue target for Calendar 2013.
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.