Blue Star Opportunities Reports Sharp Increase in Revenue for Fiscal 2012
Revenues of $3.4M Reflect New Retail Outlets and Expansion of Product
LAS VEGAS, NV -- (Marketwired) -- 05/06/13 -- 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
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.
514 969 6419
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