FOSHAN, China, Dec. 17 /PRNewswire-Asia/ -- MyStarU.com, Inc. (OTC Bulletin Board: MYST; Frankfurt Stock Exchange: TQF), announced today that its majority-owned subsidiary, Subaye.com, Inc., the enterprise’s video web development, hosting, marketing and e-commerce service provider, has entered into an agreement with Golden Swallow Shops Limited, the management agency of 11 large shopping malls in Guangdong. The agreement covers the sale of 2,200 user licenses of SaaS software to 11 large shopping malls. The software enables the licensees to create webshops and online video marketing. Subaye.com is expected to generate revenue of $220,000 per month through the agreement.
Subaye has presently created webshops for a total of 3,900 shops in 25 large shopping malls. It is focused on having cooperation agreements with 100 large shopping malls in the coming months that will then create their webshops and online marketing, and that will generate new forecasted revenue of $15m in 2009. This business is according to domestic demand and strong growth in China.
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.
