Hong Kong, Toronto, Canada- April 9, 2012.
Star8 Corporation, (STRH:OTCMarkets) a provider of low cost mobile smart phones to emerging markets, is pleased to announce that it has executed a formal agreement that will provide the company with potential to achieve substantial revenue goals in the very near future.
The agreement with Stephen H.H. Kwan, Ben Leung and Cheung Sin Yan Rio and fellow investors in the Company (hereafter collectively, the "HLK Partners") will be focused on mobile phone sales and trading business in Asia.
As part of the agreement, Star8 has created Star8 Hong Kong, a wholly owned subsidiary that will be managed by HLK on a day-to-day basis.
The definitive agreement also provides for a cash infusion of US$1,000,000 in the form of a convertible debenture at a fixed price of $0.05.
On execution of the agreement, the partners received 20,000,000 shares of Star8 Corp and can earn an additional 60,000,000 shares during the first twelve months of the agreement based on reaching specific sales targets. More specifically, for each US$10,000,000 in revenue generated, HLK will receive 20,000,000 shares. HLK can earn additional shares beyond the 80,000,000 total shares if all targets are met after the twelve-month period.
"We are very excited commencing work with our new partners immediately." Said William Car, President of Star8 Corp. "We have worked long and hard to put this venture together. Mr. Leung and Mr. Kwan have a strong and successful history in the mobile phone business and we are looking forward building Star8 together."
"We are pleased to partner with Star8," said Mr. Ben Leung. "And we are looking forward to assisting Star8's growth over the near term and long term."
If targets are met during the initial twelve-month period, HLK may opt to continue to earn additional shares based on revenue targets. If targets are not met, HLK may opt out of the agreement, return unearned shares and dissolve the venture.
In conjunction with the agreement, Mr. Ben Leung, will join the Board of Directors of Star8 Corp and Mr. Stephen H.H. Kwan will become Secretary of Star8 Corp.
The company plans to complete its 2011 audit promptly and file a Form 10 to become a fully reporting company.
For more information on Star8 and our products, please go to www.star8corp.com or www.axiom8.com
About Star8 Corporation
Star8 Corporation (OTCMarkets:STRH) is a global provider of low cost full-featured mobile email phones. 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 2012.
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, 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.
For Investors:
William Car
President, Star8 Corporation
info@star8corp.com
As of Sep 30, 2011 OS= 83,969,840
Star8 Corporation Completes Distribution Agreement for African Region with Wireless Trade Group
Toronto, Canada March 25, 2011
Star8 Corporation ("Star8") (IMNS:OTCMarkets) is pleased to announce that it has completed an exclusive distribution agreement with Wireless Trade Group Inc ("WTG"), a Canadian private company headquartered in Mississauga, Ontario.
The 5-year agreement provides exclusivity to WTG for all of Star8's existing and future products in the African region. WTG will launch Star8's Axiom Series phones to the African market in the second quarter of 2011.
During the first year of the agreement Star8 will ship 200,000 units through WTG into the African region.
The Axiom Series by Star8 will be cobranded with the Digifon brand, taking advantage of the existing brand recognition in the region.
"We have been working with WTG over the last few months from both a technical and marketing perspective and are thrilled to be working with a such a great team." Said William Car, President of Star8. "WTG's knowledge and proven experience in global mobile device distribution allows us to hit the ground running."
"Wireless Trade is excited to take the Star8's products to the African market." said Rowland Okotore, Chairman of WTG. "The opportunity for low cost, full featured devices like the Axiom Series in the burgeoning mobile African market is now."
Star8 and WTG will continue to work together closely on providing additional products to the African and other markets.
For more information about WTG, please go to http://www.wirelesstradegroup.com
About Wireless Trade Group
Wireless Trade Group is a leading provider of wireless products and solutions to operators, wholesalers, and channel partners. WTG has been in the wireless distribution business for the past 16 years. WTG uses its global market intelligence and relationships worldwide to provide our clients the best products and services at the most competitive prices. WTG specializes in domestic Canadian Dealer and Carrier Sales, Global Trading, Asset Recovery, Digifon/Star8 brand of low cost messaging devices and African Distribution.
WTG is headquartered in Mississauga, Ontario, Canada with representation offices in Burundi, Ghana, Kenya, Nigeria and Korea.
Star8 Corporation Launches AXIOM Series Mobile Smart Phones
Toronto, Canada March 21, 2011
Star8 Corporation ("Star8") (IMNS:OTCMarkets) is pleased to announce the launch of its flagship mobile phones, the Axiom series.
The Axiom33, a Qwerty keyboard phone, comes equipped with Digifon mail, a mobile email application providing a seamless push email service. Be alerted every time a new email arrives, without using valuable data time. Star8's proprietary back end system will retrieve your email and let you know it has arrived on your Axiom33.
The most popular social networking applications such as Twitter and Facebook are included along with popular Instant Messaging applications.
Star8 is also pleased to announce The Axiom1000, a full-featured touch screen smart phone. The Axiom1000 runs on Android, the fastest growing mobile operating system in the world. Also included is Star8's exclusive and proprietary push email application, a first for the Android operating system. Manage your data consumption effortlessly.
The Axiom100 includes social networking hub and instant messaging application as the Axiom33, along with a 4-inch touch screen, assisted-GPS and WiFi.
"The launch of the Axiom Series phones for Star8 is a very exciting time for the company." Said William Car, President of Star8 Corporation. "We are very pleased to have reached this milestone and we are looking forward to the products entering our targeted markets."
Star8 plans to expand the Axiom Series in the near future to include additional form factors and feature sets.
For complete specifications of the Axiom33 and Axiom1000 or more information about Star8, please go to http://www.star8corp.com.
About Star8 Corporation
Star8 Corporation (OTCMarkets:IMNS) is a global provider of low cost full-featured mobile email phones. 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 is forecast to be 1.7 Billion in 2011.
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, 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 press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Star8 Corporation are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission or other regulatory authorities.
William Car
President, Star8 Corporation
info@star8corp.com