GUANGZHOU CITY, China, Sept. 10 /PRNewswire-Asia/ -- 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. has appointed Zhiguang Cai as its new CEO. Mr. Cai joined the Company in 2000. Prior to his appointment as CEO he was CEO of Subaye.com, Inc., the majority owned subsidiary of the Company. He was the vice president of Guangzhou Subaye Computer Tech Ltd., a majority owned subsidiary of the Company from June 2006 to July 2009. He was responsible for the development of the Company's network and systems integration business, also responsible for planning analysis of software products as well as technical research and development, training. From October 2003 through June 2006, Mr. Cai was the Director of the Company's software R & D center. From October 2000 to September 2003, Mr. Cai was the webmaster of Mystaru Limited (fka IC Star MMS Limited), a wholly owned subsidiary of the Company. Mr. Cai graduated in 1995 from the Central China Normal University Department of Computer Science.
"MyStarU.com, Inc. is pleased to announce the appointment of Mr. Cai. The Company is well positioned to move forward and achieve our goals. Mr. Cai was one of the original developers of the http://www.subaye.com website and associated web infrastructure. We believe Mr. Cai's vision and his knowledge within our industry will serve us well as we expand our operations and continue to enhance the Subaye platform" said Alan Lun, outgoing chief executive officer of MyStarU.com, Inc.
Mr. Lun will continue to serve with the Company as its President and will refocus his efforts on the Company's entertainment businesses.
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 , 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 3.0 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 .
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 further information, please contact:
MyStarU.com, Inc.
James Crane, Chief Financial Officer
Tel: +1-617-209-4199 (U.S. Office)
Cell: +86-152-0120-8012 (in China)
