Basic and Fully Diluted Earnings $0.04 per Common Share Compared to $0.02 for The Nine Months Ended June 30, 2008.
FOSHAN, China, Aug. 17 /PRNewswire-Asia/ -- MyStarU.com, Inc.
(OTC Bulletin Board: MYST), announced today that it has released its unaudited report for the nine months ended June 30, 2009.
Net income increased by $3,642,237 or 154% due primarily to:
The Company generated net income of $6,006,589 and $2,364,352 for the nine months ended June 30, 2009 and 2008, respectively.
Revenues increased by $11,977,670 or 55% due primarily to:
Revenues were approximately $33.7 million for the nine months ended June 30, 2009 compared to $21.7 million for the nine months ended June 30, 2008.
Costs of Sales increased by $765,027 or 4.9% due primarily to:
Costs of sales were approximately $16.2 million for the nine months ended June 30, 2009 compared to $15.5 million for the nine months ended June 30, 2008.
Operating Expenses increased by $7,060,442 or 233% due primarily to:
For the nine months ended June 30, 2009, we incurred operating expenses of approximately $10.0 million as compared to $3.0 million for the nine months ended June 30, 2008.
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 Limited ( 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.
