Press Release

Panyu M&M Provides Export Logistic Services to Thousands of Webshops on eBay Directly from China

Font Scale:
Posted 17 November 2008 @ 07:00 am ET

FOSHAN, Guangdong, China, Nov. 17 /Xinhua-PRNewswire/ -- MyStarU.com, Inc.(OTC Bulletin Board: MYST; Frankfurt Stock Exchange: TQF) announced today itssubsidiary, Panyu M&M Import Export Co. Ltd.,(Panyu), will provide one stopexport logistic services to 10,000 webshops who, through their membership withx381.com ( http://www.x381.com ), can now sell goods on eBay( http://www.ebay.com ) directly from China. Panyu will charge 5% of a goodsvalue as a service fee. More SMEs in China want to retail their productsthrough webshops to cut sales costs, with 16,000 members of x318.com alreadyowners of webshops on tencent.com, eBay.com and Taobao.com that have becamethe outlets of SMEs to sell products online.

"Panyu's export logistics business is a value adding service to bothwebshop and SME members of Subaye.com ( http://www.subaye.com ). The servicewill encourage more than 200,000 SMEs to become Subaye members, and attractmore than 200,000 eBay webshop owners to join x381.com to sell Chinese goodson eBay," said Y.F. Su, MYST's vice president. "Panyu is to take fulladvantage of export sourcing in China, with the company expected to increaserevenues by $100 million in the next two years through the export logisticsbusiness."

About MyStarU.com, Inc.

MyStarU.com, Inc. (MYST) is a Total Solutions Provider that offersIntegrated Communications Network Solutions and Internet Content Service inuniversal voice, video, data web and mobile communications for interactivemedia applications, technology and content leaders in interactive multimediacommunications. It develops, markets and sells a universal media softwaresolution for enterprise-wide deployment of integrated voice, video, data weband mobile communications and media applications. MyStarU.com, Inc. doesbusiness 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 thesafe harbor provisions of the Private Securities Litigation Reform Act of 1995.Forward-looking statements inherently involve risks and uncertainties thatcould cause actual results to differ materially from the forward-lookingstatements. Factors that would cause or contribute to such differencesinclude, but are not limited to, changing economic conditions, interest ratestrends, continued acceptance of the Company's products in the marketplace,competitive factors and other risks detailed in the Company's periodic reportFilings with the Securities and Exchange Commission. By making theseforward- looking statements, the Company undertakes no obligation to updatethese statements for revisions or changes after the date of this release.

SOURCE MyStarU.com, Inc.


PR RSS
E-Newsletters : Enter your Email for Fast News & Opinions
Sponsored By
Click here!
advertisement
advertisement
Advertisement
POS Magnetic Card Readers

Online distributor for point of sale equipment, TYSSO and Pegasus.

 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives