-- The service will attract 200,000 eBay webshop owners to join x381.com to
sell Chinese goods on eBay, increasing Subaye's SMEs members by 200,000.
MYST is expected to generate revenue of $100 million over the next 2
years from the export logistics business.
FOSHAN, Guangdong, China, Nov. 17 /Xinhua-PRNewswire/ -- MyStarU.com, Inc. (OTC Bulletin Board: MYST; Frankfurt Stock Exchange: TQF) announced today its subsidiary, Panyu M&M Import Export Co. Ltd.,(Panyu), will provide one stop export logistic services to 10,000 webshops who, through their membership with x381.com ( http://www.x381.com ), can now sell goods on eBay ( http://www.ebay.com ) directly from China. Panyu will charge 5% of a goods value as a service fee. More SMEs in China want to retail their products through webshops to cut sales costs, with 16,000 members of x318.com already owners of webshops on tencent.com, eBay.com and Taobao.com that have became the outlets of SMEs to sell products online.
"Panyu's export logistics business is a value adding service to both webshop and SME members of Subaye.com ( http://www.subaye.com ). The service will encourage more than 200,000 SMEs to become Subaye members, and attract more than 200,000 eBay webshop owners to join x381.com to sell Chinese goods on eBay," said Y.F. Su, MYST's vice president. "Panyu is to take full advantage of export sourcing in China, with the company expected to increase revenues by $100 million in the next two years through the export logistics business."
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 Ltd. ( 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.
