Subaye Records $1.1 M in Revenue Generated by Membership Fees in March
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BEIJING, March 31 /Xinhua-PRNewswire-FirstCall/ - 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.
SOURCE MyStarU.com, Inc.
Ms. Helen Wang for MyStarU.com, Inc. at +86-10-6702-6968 or IR@MyStarU.com
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