FOSHAN, China, Sept. 11 /Xinhua-PRNewswire/ -- MyStarU.com, Inc. (OTC Bulletin Board: MYST; Frankfurt Stock Exchange: TQF), is pleased to announce that its majority owned subsidiary, Subaye.com, Inc.’s
( http://www.subaye.com ) wholly owned subsidiary, Guangzhou Subaye Computer Tech Limited (SCT), the website operation and host management firm, has announced that it purchased 30 servers from DELL and ORACLE Enterprise Edition. 2*CPU + RAC software will upgrade websites according to increasing daily demand for members’ services.
SCT will be involved in hardware and software meeting a of total 1,000,000 SMEs, Online Shop membership transactions and the video online processes of Subaye.com, x381.com and Goongreen.org .
"This investment will allow Subaye to execute its business plan with a strong power infrastructure to run e-commerce and online advertising platforms. As forecast, Subaye will receive revenue of $1 million from video advertising plus 5% commission from all transactions of SMEs selling goods to online shops," said president of Subaye.com, Yaofu Su.
About Subaye.com, Inc.
Subaye.com, Inc. is a Delaware corporation. MyStarU.com, Inc. (OTC Bulletin Board: MYST) currently owns 69% interests of the Company. The Company, http://www.subaye.com , is a video web development, hosting, marketing and e-commerce service provider, offering a unique corporate video sharing platform for both users and customers. Target clients include potential users in the PRC that demand publishing and sharing abilities for their online corporate videos. The platform consists of the Company’s websites and the Subaye alliance network, which is the Company’s network of third-party websites.
The services are designed to enable Internet users to find relevant online video from the Company’s video database, which currently consists of thousands of corporate video profiles, as visible video showcases for presentation. The service provided is distribution through more than 3,000 alliance members (distributors) in China. The alliance members carry out marketing and sales. Subaye Internet Corporate Video serves as a commission base. Alliance members assist corporate users in the studio, including with DV recording, and deliver videos to Subaye video storage and post to video sharing websites, including YouTube.com. Most of the new distributors are the business partners and agents of Baidu and Google, and they will bid for search keywords for online promotion with Baidu.com and other search engines from time to time. The potential users of the Internet Corporate Video service are the 5 million small and medium sized Enterprises in China.
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.
