MyStarU.com, Inc.
(OTC Bulletin Board: MYST), is a leading provider of video sharing services in
the People's Republic of China. MyStarU.com, Inc.'s platform includes
production, uploading, storage, sharing and publishing onto more than 30 main
video sharing portal websites. MyStarU.com, Inc. also offers SaaS business
solutions and is in the process of developing what MyStarU.com, Inc. believes
is the first online shopping mall in the world that will utilize 3D imaging
throughout the online interface. MyStarU.com, Inc. management is in the
process of organizing the spin-off of its entertainment assets and its
importing and exporting business and is committed to reorganizing each of
these major business segments as a separate, fully reporting and U.S.-listed
public company.
"MyStarU.com, Inc. is focused on the future. We believe fully in each of
our business segments but we are committing today to the idea that each
business segment will grow stronger and become more profitable over time by
operating independently of each other rather than being dependent. We have big
plans and we want to move fast. We are excited about the future and are intent
on serving the shareholders' best interests," said James Crane, chief
financial officer of MyStarU.com, Inc.
About MyStarU.com, Inc.
MyStarU.com, Inc. is a leading provider of video sharing services in the
People's Republic of China. MyStarU.com, Inc.'s platform includes production,
upload, storage, sharing and publishing onto more than 30 main video sharing
portal websites. MyStarU.com, Inc. also offers SaaS business solutions and is
in the process of developing what MyStarU.com, Inc. believes is the first
online shopping mall in the world that will utilize 3D imaging throughout the
online interface. MyStarU.com, Inc.'s platform consists of its websites,
http://www.subaye.com , http://www.x381.com , http://www.goongreen.org , and
http://www.goongood.com and the Subaye Alliance network, which is its network
of third-party websites. The Company's http://www.subaye.com and
http://www.x381.com websites are generating revenue, while its other web-based
businesses are under development or offering free services to potential
customers at this time. Subaye.com's services are designed to enable internet
users to find and view videos online. As of August 31, 2009, the Company had
approximately 42,000 members and the Company's video database consisted of
over 80,000 profiles of corporate video showcases. These showcases offer a
cost-effective venue for small to mid-size enterprises ("SMEs") to advertise
their products and services and establish and enhance their corporate brands.
The Company provides its users with easy access to an index of over three
million video clips, images and web pages.
For further information on MyStarU.com, Inc., please visit
http://www.subaye.com/english . You may also register to receive MyStarU.com,
Inc.'s future press releases or request to be added to the Company's
distribution list by contacting James Crane by email at jimc@mystaru.com'>jimc@mystaru.com.
Forward-Looking Statements
Certain statements contained herein constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are based on current expectations,
estimates and projections about MyStarU.com's industry, management's beliefs
and certain assumptions made by management. Readers are cautioned that any
such forward-looking statements are not guarantees of future performance and
are subject to certain risks, uncertainties and assumptions that are difficult
to predict. Because such statements involve risks and uncertainties, the
actual results and performance of the Company may differ materially from the
results expressed or implied by such forward-looking statements. Given these
uncertainties, readers are cautioned not to place undue reliance on such
forward-looking statements. MyStarU.com's operations are conducted in the
People's Republic of China ("PRC") and, accordingly, are subject to special
considerations and significant risks not typically associated with companies
in North America. These include risks associated with, among others, the
political, economic and legal environment and foreign currency exchange. The
Company's results may be adversely affected by changes in the political and
social conditions in the PRC and by changes in governmental policies with
respect to laws and regulations, anti-inflationary measures, currency
conversion, remittances abroad, and rates and methods of taxation. Other
potential risks and uncertainties include but are not limited to the ability
to procure, properly price, retain and successfully complete projects, and
changes in products and competition. Unless otherwise required by law, the
Company also disclaims any obligation to update its view of any such risks or
uncertainties or to announce publicly the result of any revisions to the
forward-looking statements made here. Readers should review carefully reports
or documents the Company files periodically with the Securities and Exchange
Commission.
For more information, please contact:
At the Company:
James Crane, Chief Financial Officer
U.S. Office: +1-617-209-4199
P.R.C. Cell: +86-152-0120-8012