LAS VEGAS, NV--(Marketwired - Apr 4, 2013) - Blue Star Opportunities Corp. (The "Company") (OTC Pink: BSTO) announces today that it is expecting its revenues for Q1 2013 to reach between $850,000 and $950,000 having already shipped close to one million dollars worth of goods. Both cash flow and bottom line are expected to be in positive territory.
These figures represent a many-fold increase over the same period last year, Q1 2012, and reflect a major turnaround in the company's business. A major impact on performance has come from the steady increase in the number of Duro Design brand outlets as well as the rapid expansion of product lines from 4 to more than 25 including main stream oak and maple products much in demand in the recovering commercial real estate market in the Tri-State area.
Major contracts are expected to be generated by our Manhattan outlet as an increasing number of midtown and downtown buildings are being refurbished to meet pent up demand for office space after seven long years of stagnation.
Some of the very interesting and unique products now being offered to the construction industry and consumers are flooring products of standard size, but also in both larger width and larger length. All products are available in custom sizes and finishes in upscale domestic woods (oak, maple, hickory, American black walnut, larch). All these new lines can be shipped in varied and very unique colors and finishes (including oil penetrating) at direct factory competitive prices. We have also added lines of doors from one of Italy's leading manufacturers, Pail Serramenti, offering unique styles and colors with a special emphasis on contemporary design.
The sharp growth rate allows the Company to provide further guidance regarding the next two quarters which are now expected to show a 20% growth rate.
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 to consumers in strategically located Duro Design factory outlets in major urban locations including New York City and Montreal, Canada.
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.