omniture

MYST Updates the Progress of Movie Investments

2009-07-08 23:52 561

FOSHAN, China, July 8 /PRNewswire-Asia/ -- MyStarU.com, Inc. (OTC Bulletin Board: MYST) announced today that its movie investment and distribution business group is progressing excellently.

MYST's subsidiary, 3G Dynasty, currently has investments in 5 movies currently in production, with the film DAYOUCUN having passed content review by the administrator authority. The film features top Mainland China actor Wang Baoqiang and top Hong Kong star Alex Fong Chungshun. MYST is planning promotion and marketing with a strong team that includes Sina.com. DAYOUCUN will be released to theatres across the PRC in October. The additional movies on 3G Dynasty and MYST's slates, "TRUE?," "MOLIWANZZHANG," "STOCKBROKER" and "PAOBU," which are presently in production and post production, will start their theatrical runs in cinemas in Spring 2010. MyStarU.com has forecasted that it may generate revenues of $20 - 30 million from its participation in these films.

3G Dynasty has made and continues to make sound investments in entertainment arts productions in the PRC and is well positioned for continued growth in a fast-paced market. 3G Dynasty began to establish a film distribution network with the purchase of the copyrights to certain films in March 2006. 3G Dynasty distributes films through multiple distribution channels into the PRC film market, including through the internet, mobile phone, TV, DVD and theatrical screenings in cinemas across the PRC. MYST will continue to make investments to establish a movie distribution network, movie productions and acquire more copyrights for high quality programming content.

About MyStarU.com, Inc.

MyStarU.com, Inc. (MYST) is a Total Solutions Provider that offers Integrated Communications Network Solutions and Internet Content Service in universal voice, video, data web and mobile communications for interactive media applications, technology and content leaders in interactive multimedia communications. It develops, markets and sells a universal media software solution for enterprise-wide deployment of integrated voice, video, data web and mobile communications and media applications. MyStarU.com, Inc. does business in Asia via its wholly-owned subsidiaries, MyStarU Limited ( http://www.MyStarU.com , http://www.skyestar.com, http://www.icurls.com ) and majority owned subsidiary Subaye.com, Inc. (http://www.subaye.com , http://www.x381.com , http://www.goongreen.org ).

Safe Harbor

The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

Source: MyStarU.com, Inc.
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Keywords: Entertainment
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