LAS VEGAS, NV--(Marketwire -06/27/12)- Blue Star Opportunities Corp. (The "Company") (BSTO) announces today that it will be opening its newest Duro Design factory outlet on Tuesday, July 10th in commercial center Quartier DIX30 located in an affluent suburb of Montreal. This new outlet is expected to add some 2 to 3 million dollars to the company's top line. Both cash flow and bottom line will be in positive territory. This is the first of four factory outlets that will be opened through Q3 and Q4. Another outlet in Brooklyn, NY will open in August.
Located in one of the busiest commercial centers in North America, Quartier DIX30, the new outlet will benefit from high traffic but also from the same Google Ad Work program which has proven so successful in our other factory outlet. The Company is on track with its core plan to open a dozen such stores in fiscal 2013 that could add as much as an additional $20M to the current top line.
As announced previously, controlling shareholders are in the process of reducing their holding in the company by returning 70 million shares to treasury. This will reduce the issued and outstanding to the 40 million share range.
ABOUT BLUE STAR
Blue Star Opportunities Corp. operates wholly owned factory outlets 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 is now a leader in LEED-certified bamboo and cork flooring offered in hundreds of beautiful hand-finished colors offered 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.
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.