LAS VEGAS, NV--(Marketwired - Dec 6, 2013) - Blue Star Opportunities Corp. (The "Company") (OTC Pink: BSTO) announces today that it is expecting that its revenues for Q4 2013 will reach between $1,100,000 and $1,200,000, based on the quantity of product shipped so far in the quarter. Income and cash flow are expected to be positive.
This will be in keeping with third quarter results of $1,135,042 with net income of $54,465 which were a significant 60% increase over the previous quarter (visit www.otcmarkets.com for details). We are looking at a year-end which will show a more than 40% growth over the previous year, a positive reflection of our new expanded product lines and efficient manufacturing.
We are winning business with our fashion lines such as long and wide planks in oil penetrating stains and specialty colors like silvers, white washes and grays which are increasingly in demand today. We are still pursuing our distribution drive to bring new lines to hundreds of high end dealers in our long established network as well as architectural and design firms.
Our streamlined supply chain and inventory management system is playing a major role in our planning of future growth. We are now in a position to bid on ever larger construction projects, competing on logistics, quality, and price. We offer unique flooring solutions of great quality at prices that are extremely competitive.
The company continues to serve institutional markets 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. Repeat orders from institutional clients demonstrate our competitive advantage in matters of quality and durability.
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.
ABOUT BLUE STAR
Blue Star Opportunities Corp. is a producer and supplier of environmentally friendly flooring and other components used in renovation and construction of office, commercial, retail space, and multi-unit dwellings under its Duro Design brand. Products include materials for flooring 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 cork and bamboo flooring offered in hundreds of beautiful hand finished colors also offered at factory prices. All of the company diversified wood product lines are offered through a long established network of value added resellers and independent agents located in all major markets throughout the US and Canada. The company has also began to sell products direct to consumers, opening Duro Design factory outlets strategically located in high traffic commercial areas. Company clients include institutions, museums, churches, retail chains as well as individual homeowners. We also have a solid supply chain that enables bidding and supplying major projects with the greatest efficiency and flexibility.
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.