LAS VEGAS, NV--(Marketwire -07/12/12)- Blue Star Opportunities Corp. (The "Company") (BSTO) announces today that the second Duro Design factory outlet will be open for business in commercial center Quartier DIX30 as of Monday, July 16 2012.
The storefront facility is in one of the busiest and most fashionable shopping centers in the country, located in an affluent suburb of Montreal. It is expected to generate more than $3M in product sales in its first year of operations and will make a significant contribution to both top and bottom lines in the current quarter.
Two more factory outlets will be opening this quarter in urban shopping areas. Execution of our expansion plan is proceeding apace and will see 10 more outlet openings by Q2 2013.
Demand for our products continues to be strong. Financial Statements for the last quarter will be published in the first week of August and will show a very sharp growth in revenues from operations. The Company expects to post revenues ranging between $950K and $1.05M with a positive bottom line.
ABOUT BLUE STAR
Blue Star Opportunities Corp. operates wholly owned factory outlets under the Duro Design banner in major commercial centers that supply environmentally friendly quality flooring used in renovation and construction of family homes, commercial and retail space, multi-unit dwellings and institutional buildings. The Company also supplies major construction projects through architecture and design firms. The company is now a leader in LEED-certified bamboo and cork flooring offered in hundreds of beautiful hand-finished colors sold at factory prices. The Company's policy is to offer to its clients LEED-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. The company's shares are traded on the OTC market.
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.