Star8 Corporation Generates Substantial Revenue
August 16 2012 - 8:24AM
Star8 Corporation, (STRH:OTCMarkets), a provider of low cost mobile
smart phones and related accessories to emerging markets, is
pleased to report that for the quarter ended June 30, 2012, revenue
generated for the three month period was $1,034,064.
"We are very pleased with the results of the quarter and more
specifically the first operating quarter of our Hong Kong
subsidiary," said William Car, President of Star8 Corporation. "It
is an exciting time for our company as we move from a development
stage company to a revenue producing company. The foundation
created during this past quarter will allow us to continue to grow
the company in the near term and long term."
In April of this year, Star8 completed a definitive agreement
that expanded the company's operation to Hong Kong. Since that
time, the company created a wholly owned subsidiary in Hong Kong
and began operations soon after. The revenue for the quarter was
primarily generated through the wholly owned subsidiary in Hong
Kong.
Star8 will continue to provide updates on corporate milestones
on a regular basis via press release or for more information on
Star8 and our products, please go to www.star8corp.com or
www.axiom8.com or follow us on Twitter at @star8axiom
About Star8 Corporation
Star8 Corporation (OTCMarkets: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 explosive
growth in the Low Cost Mobile Messaging Handset market. Global
shipments of mobile handsets are forecast to be close to 2 Billion
in 2012.
Star8 is poised to take advantage of the tremendous growth in
these markets and its products will be marketed to mobile users 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.
CONTACT: For Investors:
William Car
President, Star8 Corporation
info@star8corp.com
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