MyStarU.com Sells Two Master Franchise Licenses
* Reuters is not responsible for the content in this press release.
BEIJING, July 23 /Xinhua-PRNewswire-FirstCall/ -- 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.
Ms. Helen Wang of MyStarU.com, Inc., +86-10-6702-6968, or IR@MyStarU.com
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters