Company has reduced fixed cost, generates yearly savings of 400K on operations.
Las Vegas, NV (eTeligis via ACCESSWIRE) 8/5/2013 - Blue Star Opportunities Corp. (The "Company") (OTC PINK: BSTO) announces today that it has posted its first quarter financial report on the OTC Markets site. Revenues for Q1 2013 were $929,308 up from $8,000 in Q1 2012. Company recorded a small loss of $23,169 largely due to cost of opening new stores and developing new product. Filing can be consulted at www.otcmarkets.com.
This performance validates 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 is currently experiencing a growing flow of orders for its new high end lines, a further validation of our quality as well as our pricing advantage. We believe there is a solid market for our long and wide planks especially European styles in oil penetrating stains and specialty colors like silvers, white washes and grays.
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 multi-million dollar projects. This has also resulted in better procurement and reduction of rental cost and personnel generating significant yearly savings of $400,000. The quarterly report for our second quarter will be filed on time before the August 14th deadline.
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.