WirelessDevNet.com Press Release
Star8 Continues to Gain Traction
Star8 Corporation, (STRH:OTCMarkets) a provider of low cost mobile smart phones and related accessories to emerging markets, is pleased to provide shareholders with an update on our business.
Star8 continues to pursue distribution opportunities for our Axiom Series phones and tablet devices in multiple regions, including Latin America and South East Asia. Star8 has also added the Middle East region to our target markets. Star8 expects to complete distribution agreements in these regions prior to the end of the current quarter.
Star8 is also pleased to announce that it is in process of completing its consolidated financial statements for the quarter ended June 30, 2012, which will include details of revenue generated through our Star8 HK subsidiary. Star8 expects to release its consolidated statements next week.
"We continue to push forward through an extremely challenging and competitive market," said William Car, President of Star8. "Although we are still at an early stage in our evolution, Star8 is poised to take advantage of the opportunities in front of us."
Star8 will continue to provide updates on corporate milestones on a regular basis via press release or for more information on Star8 and our products, please go to www.star8corp.com or www.axiom8.com or 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 2012.
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, 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".