SOURCE: Star8 Corporation

January 07, 2014 08:00 ET

Star8 Corporation Update

HONG KONG, CHINA and TORONTO, ON--(Marketwired - January 07, 2014) - Star8 Corporation (PINKSHEETS: STRH), a provider of low cost mobile smart phones and related accessories to emerging markets, is pleased to provide shareholders with an update on its business.

For Star8, 2014 is expected to be a growth year as the company continues to pursue its low cost smart phone business. The global low cost mobile smart phone market continues to provide an excellent opportunity to grow our business.

Star8 is also aggressively seeking complimentary companies as targets for acquisition to enhance the value of the company in the near term. The company is focused on acquisitions that provide mobile technology that will provide additional value to Star8 products.

Star8 is also working to complete a financing in the first half of 2014 to accelerate its plan going forward.

For more information on Star8 and our products, please visit www.star8corp.com.

About Star8 Corporation
Star8 Corporation (PINKSHEETS: STRH) is a global provider of low cost full-featured mobile email phones and mobile phone related accessories. The Company's focus is to provide a low cost alternative to the more expensive smart phones available in the market today. Star8 is strictly focused on emerging markets where the mobile operator subscriber base is predominantly prepaid. These markets do not provide their subscribers with a subsidy on phone purchases, which leaves a very small percentage of the subscriber base with the ability to afford the more costly smart phones.

Star8 is positioning itself to take advantage of the continued growth in the Low Cost Mobile Smart Handset market and is poised to take advantage of the tremendous growth in markets in South East Asia, Africa, the Middle East and Latin America through existing relationships.

With management experience garnered on a global basis, Star8 has uncovered an opportunity to market a mobile handset in conjunction with a mobile email product in markets where the subscriber base in highly weighted by subscribers who are "prepaid".

Forward-Looking Statements

This document may contain forward-looking statements, relating to Star8 Corporation operations or to the environment in which it operates, which are based on Star8 Corporations operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Star8 Corporations control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Star8 Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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