Blue Star Opportunities Reports Sharp Increase in Revenue for Fiscal 2012
06 Mai 2013 - 2:00PM
Marketwired
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.
Michael Berman 514 969 6419
Blue Star Opportunities (PK) (USOTC:BSTO)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Blue Star Opportunities (PK) (USOTC:BSTO)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024