HONG KONG and TORONTO, June 18, 2012 (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 created a wholly owned subsidiary in Hong Kong and has opened a local office to support the multiple business opportunities in the region.
Star8 is also in the process of moving its headquarters to the Hong Kong office in the near future.
"It is an exciting time for Star8 as we have now taken our first steps in Asia," Said William Car, President of Star8 Corp. "There is tremendous opportunity for Star8 in the Asian region, and we have already begun laying the foundation of our business in the this market."
Star8 HK office is located at:
| Winfield Commercial Building |
| Room 1603 |
| 6-8A Prat Avenue, |
| Tsimshatsui, Kowloon, |
| Hong Kong SAR |
The Star8 Hong Kong office is managed by Ben Leung, President of Star8 HK and is already up and running.
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 in highly weighted by subscribers who are "prepaid."
Forward-Looking Statements
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 Corporations 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 Corporations 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.