LAS VEGAS, NV--(Marketwired - Mar 17, 2016) - Blue Star Opportunities Corp. (The "Company") (
The results show profitable operations of our flooring business with a sharp increase in profits for a second year in a row. The company had a net income of $127,825 for fiscal 2015 as compared to $60,604 for fiscal 2014. This increase in profitability translates into a more than 100% growth in Earnings per Share.
Much of the increased profitability stems from a sharp reduction in operating expenses. Operating expenses for fiscal 2015 were $2,318,618 on revenues of $3,131,333 compared to $2,985,376 on revenues of $3,045,980 in 2014.
At time of filing on March 16, 2016, growth continues to trend sharply upwards: after barely 10 weeks of operations into Q1 2016, traditionally the weakest quarter, estimated earnings have already reached $130,000... more than for the entire fiscal 2015 and double the entire year 2014.
One of the company's main strengths is the use of very advanced technology in producing hundreds of colors of exceptional quality. New applications like nanotechnology has helped transform cork tiles from commodity into beautiful elements for fashionable home decor. A streamlined supply chain and inventory management system is playing a major role in our growth and rising profitability. More information and details on our performance can be found in our filing on OTCMarkets.com site.
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. The company is a leader in LEED certified cork and bamboo flooring offered in hundreds of beautiful hand finished colors. All of the company's diversified wood product lines are offered through a long established network of value added resellers and independent agents located in all major markets throughout the US and Canada. 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. Our ready to install pre finished Cork Tiles are offered in 6 patterns and 56 colors through hundreds of retail locations through the US and Canada. More information on our product lines can be found at www.duro-design.com
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.