GUANGZHOU CITY, China, Oct. 14 /PRNewswire-Asia/ -- MyStarU.com, Inc. (OTC Bulletin Board: MYST)(the "Company"), is a leading provider of video sharing services in the People's Republic of China ("PRC"). The Company's platform includes production, uploading, storage, sharing and publishing onto more than 33 main video sharing portal websites. The Company also offers SaaS business solutions and is in the process of developing what it believes is the first online shopping mall in the world that will utilize 3D imaging throughout the online interface. Eventually, the video sharing advertising solutions, SaaS and 3D online mall will be a fully integrated e-commerce platform for small to medium sized businesses ("SMEs") to operate and manage the advertising, marketing and sales fulfillment systems for their businesses through direct links at http://www.subaye.com to the Company's web portals.
MyStarU.com, Inc. announced today that its majority-owned subsidiary, Subaye.com, Inc. ( http://www.subaye.com ), the enterprise video web development, hosting, marketing and e-commerce service provider, is presenting its Products Channel ( http://www.subaye.com/Product ) to 20,000 exhibitors at the 106th China Import and Export Fair, (the "Canton Fair") ( http://www.cantonfair.org.cn/e-zine/index.asp ) which runs from October 15, 2009 through November 4, 2009 in Guangzhou, China.
Zhiguang Cai, Chief Executive Officer, stated, "We are presenting Subaye's Products Channel to more than 20,000 exhibitors of the 106th China Import and Export Fair (Canton Fair), the largest exhibition fair attended by SMEs in China. Subaye will utilize over 100 of its sales and marketing staff members to assist exhibitors and present our online video exhibition. This year, the Company has determined it will utilize the Subaye video production team to follow up with exhibitors to produce video web pages as a free trial product for exhibitors. Subaye has routinely utilized the Canton Fair in past years to acquire a significant number of new members. Subaye expects this year's exhibit to be successful and result in approximately 3,000 new members of www.subaye.com ."
About the Canton Fair
The China Import and Export Fair ( http://www.cantonfair.org.cn/en/index.asp ), also called Canton Fair, is held twice a year in Spring and Autumn since it was inaugurated in the Spring of 1957. It is China's largest trade fair of the highest level, of the most complete varieties and of the largest attendance and business turnover. Preserving its traditions, the Fair is a comprehensive and multi-functional event of international importance. Fifty Trading Delegations, being composed of thousands of China's best foreign trade corporations (enterprises) with good credibility and sound financial capabilities, take part in the Fair, including foreign trade companies, factories, scientific research institutions, foreign invested enterprises, wholly foreign-owned enterprises, private enterprises, etc. Besides traditional ways of negotiating against samples, the Fair holds Canton Fair online. The Fair leans to export trade, though import business is also done here. Apart from the above-mentioned, various types of business activities such as economic and technical cooperations and exchanges, commodity inspection, insurance, transportation, advertising, consultation, etc. are also carried out in flexible ways. Business people from all over the world are gathering in Guangzhou, exchanging business information and developing friendship. More detailed information can be found athttp://www.cantonfair.org.cn/en/about/briefing/index.htm .
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 33 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 Alliance network 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 September 30, 2009, the Company had approximately 43,000 members and the Company's video database consisted of over 82,000 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 more information, please contact:
At the Company:
James Crane, Chief Financial Officer
Mobile: +86-186-0125-0891 (P.R.C.)
Tel: +1-617-209-4199 (U.S. Office)
