Blue Star Opportunities Corp. (The "Company") (OTC Pink: BSTO) (PINKSHEETS: BSTO) announces today that it has completed its first roll out of a new Cork Tile fashion line to more than one hundred retail locations across the US.
Specially designed displays have been provided for point of purchase impact. The response from dealers and consumers has been extremely positive. Orders are coming in on a daily basis and the business is growing sufficiently quickly to have a significant impact on the current Quarter results.
We are now well along in a second roll out to some 300 additional retail locations which we expect to complete by the end of August. We intend to maintain the pace until the end of the year at which time we will have reached 800 retail locations and resellers.
Expansion of the sales network will continue at current pace through 2015 and 2016, until our display has been installed in 6000 locations. The Company expects that 6000 locations would generate between 20 and 30 million in annual revenues based on the sales produced by the first hundred locations during the first four months of the program.
The company has been using very advanced technology in producing hundreds of colors of exceptional quality. New applications like nanotechnology has helped us transform cork tiles from commodity into beautiful elements for fashionable home decor. Our streamlined supply chain and inventory management system is playing a major role in our growth.
We are still winning business with our more traditional fashion lines such as long and wide planks in oil penetrating stains and specialty colors like silvers, white washes and grays which are increasingly in demand today. We are pursuing our distribution drive to bring new lines to the attention of hundreds of architect and design firms.
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 location through the US and Canada.
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.
Blue Star Opportunities Corp.
SOURCE: Blue Star Opportunities Corp.