MYST Reports Nine Months of FY2009 Results
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Basic and Fully Diluted Earnings $0.04 per Common Share Compared to $0.02 for
The Nine Months Ended June 30, 2008.
FOSHAN, China, Aug. 17 /PRNewswire-Asia/ -- MyStarU.com, Inc.
(OTC Bulletin Board: MYST), announced today that it has released its unaudited
report for the nine months ended June 30, 2009.
Net income increased by $3,642,237 or 154% due primarily to:
The Company generated net income of $6,006,589 and $2,364,352 for the nine
months ended June 30, 2009 and 2008, respectively.
Revenues increased by $11,977,670 or 55% due primarily to:
Revenues were approximately $33.7 million for the nine months ended June
30, 2009 compared to $21.7 million for the nine months ended June 30, 2008.
Costs of Sales increased by $765,027 or 4.9% due primarily to:
Costs of sales were approximately $16.2 million for the nine months ended
June 30, 2009 compared to $15.5 million for the nine months ended June 30,
2008.
Operating Expenses increased by $7,060,442 or 233% due primarily to:
For the nine months ended June 30, 2009, we incurred operating expenses of
approximately $10.0 million as compared to $3.0 million for the nine months
ended June 30, 2008.
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 Limited
( 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 ).
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.
MyStarU.com, Inc., Ms. Helen Wang, +86-10-6702-6968, or IR@MyStarU.com
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