Star8 Corporate Update
(GlobeNewswire Via Acquire Media NewsEdge) HONG KONG and TORONTO, Jan. 23, 2013 (GLOBE NEWSWIRE) -- Star8 Corporation, (STRH:OTCMarkets), a provider of low cost mobile smart phones and related accessories to emerging markets, is pleased to announce that it has begun to source potential technology acquisitions to assist in the growth of the Company and also add value to the future product lines.
As 4G/LTE networks around the world proliferate, demand for technologies that enhance users' experience on mobile devices leveraging these ultra-fast networks will be at the forefront.
Star8 has begun to explore many different technologies that could add value to existing and future products and Star8 expects to make determinations on the appropriate targets over the next two quarters.
Star8 will continue to provide updates on the technology targets as well as general corporate information on a regular basis via press release, or for more information on Star8 and our products, please go to www.star8corp.com and follow us on Twitter at @star8axiom
About Star8 Corporation
Star8 Corporation (OTCMarkets:STRH) is a global provider of low cost full-featured mobile email phones and mobile phone-related accessories. The Company's focus is to provide a low cost alternative to the more expensive smart phones available in the market today. Star8 is strictly focused on emerging markets where the mobile operator subscriber base is predominantly prepaid. These markets do not provide their subscribers with a subsidy on phone purchases, which leaves a very small percentage of the subscriber base with the ability to afford the more costly smart phones.
Star8 is positioning itself to take advantage of the explosive growth in the Low Cost Mobile Messaging Handset market. Global shipments of mobile handsets are forecast to be close to 2 Billion in 2013.
Star8 is poised to take advantage of the tremendous growth in these markets and its products will be marketed to mobile users in South East Asia, Africa, the Middle East and Latin America through existing relationships.
With management experience garnered on a global basis, Star8 has uncovered an opportunity to market a mobile handset in conjunction with a mobile email product in markets where the subscriber base is highly weighted by subscribers who are "prepaid".
This document may contain forward-looking statements relating to Star8 Corporation operations or to the environment in which it operates, which are based on Star8 Corporation's operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Star8 Corporation's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Star8 Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: For Investors:
President, Star8 Corporation
Source: Star8 Corporation
2013 GlobeNewswire, Inc.
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