LAS VEGAS, NV--(Marketwired - May 6, 2013) - Blue Star Opportunities Corp. (The "Company") (OTC Pink: BSTO) announces it has filed its annual report for 2012, with revenues reaching $3.4 M, a more than 400% increase over the previous year, due to successful store openings in high traffic commercial centers. The Company posted a modest loss of nearly $97K largely due to the fact that expansion cost have been expensed in operations and have not been capitalized.
Also critical to sharp sales growth has been the rapid expansion of product lines from half a dozen to more than twenty in 2012 and still growing in 2013. New lines include an impressive and varied range of quality wood flooring. These include specialty formats such as long and wide planks in Canadian domestic FSC wood: Oak, Maple, Hickory, Walnut and Ash in both solid and engineered on solid birch plywood in different types of finishes including oil penetrating.
We have added many exciting unique wide plank exotic lines such as Golden Cherry and Tauri in over 14 colors. We have expanded our colored strand bamboo line to over 40 colors. All our products are offered to the public directly at factory prices including high end lines with great color schemes at affordable prices.
As we continue to open new factory outlets, the Duro Design product line and its industry-best array of unlimited custom colors will soon be offered in new locations in California, Ontario and Florida. The company operates a unique proprietary production chain of LEED standard flooring that will easily supply its new network of future factory outlets and associated resellers as well as its business of supplying an institutional market that includes museums, churches and retail store chains.
With these networks, the company feels it will be in a strong leadership position to achieve a 1% share of the United States and Canadian specialty flooring market niches, valued at as much as $250 Million in revenues annually.
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. Blue Star's Duro Design brand is being sought after to participate in major bids for multi-million dollar commercial real estate projects.
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 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 20 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 resellers and independent sales agents. We continue to open company owned factory outlets throughout North America.
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.