Blue Star Opportunities Corp. Provides Revenue Guidance for Q1 2013
April 04 2013 - 8:00AM
Marketwired
Blue Star Opportunities Corp. (The "Company") (OTC Pink: BSTO)
announces today that it is expecting its revenues for Q1 2013 to
reach between $850,000 and $950,000 having already shipped close to
one million dollars worth of goods. Both cash flow and bottom line
are expected to be in positive territory.
These figures represent a many-fold increase over the same
period last year, Q1 2012, and reflect a major turnaround in the
company's business. A major impact on performance has come from the
steady increase in the number of Duro Design brand outlets as well
as the rapid expansion of product lines from 4 to more than 25
including main stream oak and maple products much in demand in the
recovering commercial real estate market in the Tri-State area.
Major contracts are expected to be generated by our Manhattan
outlet as an increasing number of midtown and downtown buildings
are being refurbished to meet pent up demand for office space after
seven long years of stagnation.
Some of the very interesting and unique products now being
offered to the construction industry and consumers are flooring
products of standard size, but also in both larger width and larger
length. All products are available in custom sizes and finishes in
upscale domestic woods (oak, maple, hickory, American black walnut,
larch). All these new lines can be shipped in varied and very
unique colors and finishes (including oil penetrating) at direct
factory competitive prices. We have also added lines of doors from
one of Italy's leading manufacturers, Pail Serramenti, offering
unique styles and colors with a special emphasis on contemporary
design.
The sharp growth rate allows the Company to provide further
guidance regarding the next two quarters which are now expected to
show a 20% growth rate.
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 under its Duro Design brand.
Products include materials for housing parts that are traditionally
made of wood offered at direct factory prices. The company serves
architects, designers and real estate managers offering more than
20 lines of traditional oak, maple, hickory and many other types of
wood in all sizes including larger width and length flooring. It is
a leader in LEED certified bamboo and cork flooring offered in
hundreds of beautiful hand finished colors offered at factory
prices. All of the company diversified wood product lines are
offered to consumers in strategically located Duro Design factory
outlets in major urban locations including New York City and
Montreal, Canada.
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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