HONG KONG and TORONTO, Feb. 26, 2013 (GLOBE NEWSWIRE) -- Star8 Corporation, (STRH:OTCMarkets) a provider of low cost mobile smart phones and related accessories to emerging markets, is pleased to provide shareholders with continuous updates on Star8's business and additional plans for 2013.
As Star8 works to launch additional mobile phones and tablets in the coming months, the Company plans to announce formalized distribution partnerships that will cover portions of Latin America and South East Asia, providing a channel to these specific markets.
These markets, which are predominantly prepaid, represent a strong opportunity for Star8's products. Our devices, designed as a low cost alternative to the big brand devices, satisfy a need in the prepaid mobile phone market where end users are extremely price sensitive.
Star8 will update shareholders on the progress of the distribution arrangements and also continue to provide regular updates on our products, strategy as well as general corporate information via press release. For more information on Star8 and our products, please go to www.star8corp.com and follow us on Twitter at @star8axiom
About Star8 Corporation
Star8 Corporation (OTCMarkets:STRH) is a global provider of low cost full-featured mobile email phones and mobile phone related accessories. The Company's focus is to provide a low cost alternative to the more expensive smart phones available in the market today. Star8 is strictly focused on emerging markets where the mobile operator subscriber base is predominantly prepaid. These markets do not provide their subscribers with a subsidy on phone purchases, which leaves a very small percentage of the subscriber base with the ability to afford the more costly smart phones.
Star8 is positioning itself to take advantage of the explosive growth in the Low Cost Mobile Messaging Handset market. Global shipments of mobile handsets are forecast to be close to 2 Billion in 2013.
Star8 is poised to take advantage of the tremendous growth in these markets and its products will be marketed to mobile users in South East Asia, Africa, the Middle East and Latin America through existing relationships.
With management experience garnered on a global basis, Star8 has uncovered an opportunity to market a mobile handset in conjunction with a mobile email product in markets where the subscriber base in highly weighted by subscribers who are "prepaid".
Forward-Looking Statements
This document may contain forward-looking statements, relating to Star8 Corporation operations or to the environment in which it operates, which are based on Star8 Corporations operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Star8 Corporations control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Star8 Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.