Star8 Corporation, (STRH:OTCMarkets) a provider of low cost mobile
smart phones and related accessories to emerging markets, is
pleased to provide shareholders with an update on our business.
Star8 continues to pursue distribution opportunities for our
Axiom Series phones and tablet devices in multiple regions,
including Latin America and South East Asia. Star8 has also added
the Middle East region to our target markets. Star8 expects to
complete distribution agreements in these regions prior to the end
of the current quarter.
Star8 is also pleased to announce that it is in process of
completing its consolidated financial statements for the quarter
ended June 30, 2012, which will include details of revenue
generated through our Star8 HK subsidiary. Star8 expects to release
its consolidated statements next week.
"We continue to push forward through an extremely challenging
and competitive market," said William Car, President of Star8.
"Although we are still at an early stage in our evolution, Star8 is
poised to take advantage of the opportunities in front of us."
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, 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 is
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 Corporation's 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 Corporation's 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
Star8 (PK) (USOTC:STRH)
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Star8 (PK) (USOTC:STRH)
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