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MyStarU.com Sells Two Master Franchise Licenses

2008-07-24 01:08 845

BEIJING, July 24 /Xinhua-PRNewswire/ -- MyStarU.com, Inc. (OTC Bulletin Board: MYST; Frankfurt Stock Exchange: TQF) announced today that its Online Social Vocational Education and Culture Business Group, MyStarU.com ( http://www.MyStarU.com ), has sold the exclusive license to three master franchisees in China in July.

The franchisee pays MyStarU.com a license fee of $200,000 in a one-time offer, and has rights to sell licenses to unlimited franchisees inside of Hainan and Shanxi provinces. Under the agreements, the master franchisee plans that a minimum total of 10,000 vocational students will use their online education programs in 2008. MyStarU.com will generate revenues of $50,000 in monthly royalty fees, as a forecast.

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, 3G Dynasty Inc., MyStarU Ltd. ( http://www.MyStarU.com , http://www.skyestar.com , http://www.icurls.com ) and majority (69.01%) 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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