BEIJING, April 1 /Xinhua-PRNewswire/ - MyStarU.com, Inc. (OTC Bulletin Board: MYST; Frankfurt Stock Exchange: TQF) announced today that its majority owned subsidiary Subaye.com, Inc.( http://www.subaye.com ) has recorded $1.1 M in revenue generated by membership fees in March.
In early March, Subaye acquired all interest of x381.com ( http://www.x381.com ) by consideration of $430,000 in cash. MYST owns 69% of x381.com through Subaye.com, Inc.
10,000 members of x381.com operate their online shops as well as the excellent sellers on C2C websites such as taobao (www.alibaba.com), paipai (www.qq.com) and ebay (www.ebay.cn).
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.goongreen.org , http://www.icurls.com ) and majority owned subsidiary Subaye.com, Inc. ( http://www.subaye.com ).
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.
