Blue Star Opportunities Corp. Accelerates Expansion of Its Factory Outlet Stores Based on Successful New Flagship Design
October 25 2012 - 6:00AM
Marketwired
Blue Star Opportunities Corp. (The "Company") (PINKSHEETS: BSTO)
announces that it has completed a strong quarter and is well on its
way to meeting its expansion targets for its new network of factory
sales outlets. The 3-year expansion plan calls for 36 additional
new stores in targeted high traffic areas. This is in addition to
the current 4 sales outlets now in operation, and another 3 sales
outlets which are currently in the process of completion.
To meet strong consumer demand, the Company has expanded its
product line adding 6 new Duro Design product lines. The
ever-increasing demand for environmentally friendly, new style
concepts in flooring, the fast growing segment which is expected to
grow to 20% of the estimated $25 Billion American flooring market.
Currently the Company now offers 10 major product lines with
another 10 product lines in development and slated to hit the
market within the coming year.
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 12
factory outlets by Q3 2013 which will contribute to help the
company reach annual sales of no less than $20 Million.
Financial results for last quarter will be posted in the second
week of November.
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.
For further information, please contact: Michael Berman 514 969
6419
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