Blue Star Opportunities Two New York City Locations Benefit From Rebound in Real Estate After Five-Year Slump
December 05 2012 - 8:00AM
Marketwired
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.
For further information, please contact: Michael Berman 514 969
6419
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