FOSHAN, China, Sept. 18 /Xinhua-PRNewswire/ -- MyStarU.com, Inc. (OTC Bulletin Board: MYST; Frankfurt Stock Exchange: TQF) announced today that its subsidiary, Panyu M&M Import Export Co. Ltd.,(Panyu) has increased import of dairy product to China.
Panyu’s importing product lines have had 110% growth in this year. Recently, Panyu has been importing dairy products from one of the largest exporters in New Zealand. China’s demand for dairy products will further increase, since it is difficult for the Chinese milk industry to satisfy various needs for dairy products in its own market.
"Panyu is taking full advantage of the domestic market in China -- MYST’s trading segment is to develop consumer products, especially food, with its relating products imported to local distributors. China is gradually cutting the import tariff of dairy products after joining WTO, and some products’ tariffs have been cut greatly to protect the normal trade. MYST will increase revenue of $25-30 million in the future 12 months generated by their importing business as forecasted," says Alan Lun, CEO of MYST.
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 Ltd. ( 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 ).
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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.
