Strategic Shift Brings Increased Sales, Positive Earnings and Competitive Advantage
Las Vegas, NV (ACCESSWIRE) 8/14/2013 - Blue Star Opportunities Corp. (The "Company") (OTC PINK: BSTO) announces today it has posted its second quarter financial report on the OTC Markets site. The Company had gross revenues of $1,124,908, showing growth from previous quarters and demonstrating the potential of our new business orientation and strategy. The Company recorded modest earnings of $32,373 a reversal of small losses in previous quarters. Complete filing can be consulted at http://www.otcmarkets.com/.
The second quarter saw signal achievements such as shipping product for yet another 20 Lululemons locations across the US. Continuing modernization of our production process has had more impact on quality and efficiency. Duro Design products are now offered with extra durable finish especially made for high traffic retail areas with twice the abrasion resistance of finishes presently available on the market thanks to our use of advanced nanotechnology. We are in the process of adapting our new elegant proprietary silvers and greys on cork flooring which is expected to have strong appeal for the design community. We are presently looking for our Toronto location in the Castlefield Design area.
Results continue to validate the steady growth rate of our Duro Design brand through factory outlets as well as new product lines that we have been building in the past three quarters from 4 to more than 30 including main stream oak ,maple, hickory products much in demand in home renovation and construction industry.
The company still provides its unique proprietary production chain of LEED standard flooring to an institutional market that includes museums, churches and retail store chains. 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.
The company has expanded its relationships with key suppliers to insure solid inventory support and improve its ability to bid for multimillion dollar project. This has also resulted in better procurement and reduction of rental cost and personnel generating significant yearly savings of $400,000.
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 30 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 direct to consumers in Duro Design factory outlets strategically located in high traffic commercial areas. The company also sells across North America through a network of hundreds of resellers and independent sales agents. We continue to open company owned factory outlets throughout North America. 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.
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.
SOURCE: Blue Star Opportunities Corp.