Star8 Corporate Update
(GlobeNewswire - Canada Via Acquire Media NewsEdge) HONG KONG and TORONTO, Feb. 15, 2013 (GLOBE NEWSWIRE) -- Star8 Corporation, (STRH:OTCMarkets), a provider of low cost mobile smart phones and related accessories to emerging markets, is pleased to provide shareholders with a summary of recent developments at Star8.
Over the last few months, Star8 has worked to enhance its overall product offerings by adding wireless charging accessories along with the Axiom XR4G mobile phone and the Axiom Tab4D, a 10 inch tablet device. Both the Axiom XR4G and Tab4D will run the Android 4.0 operating system, offering the latest features available.
Star8 is also in the process of completing its annual report for 2012 and expects to release the report sometime in March of 2013. For the nine months ended September 30, 2012, Star8 had revenue of $2,458,775.
Star8 is also currently exploring potential technology acquisitions to further enhance the existing Axiom messaging suite and add additional value to the company.
Star8 will continue to provide regular updates on our products, strategy as well as general corporate information on a regular basis via press release or for more information on Star8 and our products, please go to www.star8corp.com and follow us on Twitter at @star8axiom.
About Star8 Corporation
Star8 Corporation (OTCMarkets:STRH) is a global provider of low cost full-featured mobile email phones and mobile phone related accessories. The Company's focus is to provide a low cost alternative to the more expensive smart phones available in the market today. Star8 is strictly focused on emerging markets where the mobile operator subscriber base is predominantly prepaid. These markets do not provide their subscribers with a subsidy on phone purchases, which leaves a very small percentage of the subscriber base with the ability to afford the more costly smart phones.
Star8 is positioning itself to take advantage of the explosive growth in the Low Cost Mobile Messaging Handset market. Global shipments of mobile handsets are forecast to be close to 2 billion in 2013.
Star8 is poised to take advantage of the tremendous growth in these markets and its products will be marketed to mobile users in South East Asia, Africa, the Middle East and Latin America through existing relationships.
With management experience garnered on a global basis, Star8 has uncovered an opportunity to market a mobile handset in conjunction with a mobile email product in markets where the subscriber base is highly weighted by subscribers who are "prepaid."
This document may contain forward-looking statements, relating to Star8 Corporation operations or to the environment in which it operates, which are based on Star8 Corporations operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Star8 Corporations control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Star8 Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: For Investors:
President, Star8 Corporation
Source: Star8 Corporation
2013 GlobeNewswire, Inc.
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