Blue Star Opportunities Corp. Opens New Factory Outlet in Prime Location
June 27 2012 - 8:00AM
Marketwired
Blue Star Opportunities Corp. (The "Company") (PINKSHEETS: BSTO)
announces today that it will be opening its newest Duro Design
factory outlet on Tuesday, July 10th in commercial center Quartier
DIX30 located in an affluent suburb of Montreal. This new outlet is
expected to add some 2 to 3 million dollars to the company's top
line. Both cash flow and bottom line will be in positive territory.
This is the first of four factory outlets that will be opened
through Q3 and Q4. Another outlet in Brooklyn, NY will open in
August.
Located in one of the busiest commercial centers in North
America, Quartier DIX30, the new outlet will benefit from high
traffic but also from the same Google Ad Work program which has
proven so successful in our other factory outlet. The Company is on
track with its core plan to open a dozen such stores in fiscal 2013
that could add as much as an additional $20M to the current top
line.
As announced previously, controlling shareholders are in the
process of reducing their holding in the company by returning 70
million shares to treasury. This will reduce the issued and
outstanding to the 40 million share range.
ABOUT BLUE STAR Blue Star Opportunities
Corp. operates wholly owned factory outlets in major commercial
centers that supply environmentally friendly quality flooring used
in renovation and construction of family homes, commercial and
retail space, multi-unit dwellings and institutional buildings. The
company 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
LEED-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.
For further information, please contact: Michael Berman 514 969
6419
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