-- The service will attract 200,000 eBay webshop owners to join x381.com to sell Chinese goods on eBay, increasing Subaye's SMEs members by 200,000. MYST is expected to generate revenue of $100 million over the next 2 years from the export logistics business. FOSHAN, Guangdong, China, Nov. 17
FOSHAN, Guangdong, China, Nov. 17 /Xinhua-PRNewswire/ -- MyStarU.com, Inc.
(OTC Bulletin Board: MYST; Frankfurt Stock Exchange: TQF) announced today its
subsidiary, Panyu M&M Import Export Co. Ltd.,(Panyu), will provide one stop
export logistic services to 10,000 webshops who, through their membership with
x381.com ( http://www.x381.com ), can now sell goods on eBay
( http://www.ebay.com ) directly from China. Panyu will charge 5% of a goods
value as a service fee. More SMEs in China want to retail their products
through webshops to cut sales costs, with 16,000 members of x318.com already
owners of webshops on tencent.com, eBay.com and Taobao.com that have became
the outlets of SMEs to sell products online.
"Panyu's export logistics business is a value adding service to both
webshop and SME members of Subaye.com ( http://www.subaye.com ). The service
will encourage more than 200,000 SMEs to become Subaye members, and attract
more than 200,000 eBay webshop owners to join x381.com to sell Chinese goods
on eBay," said Y.F. Su, MYST's vice president. "Panyu is to take full
advantage of export sourcing in China, with the company expected to increase
revenues by $100 million in the next two years through the export logistics
business."
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 ).
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.
