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Star8 Completes Distribution Agreement for African Region With Wireless Trade Group
GlobeNewswire 2011-03-25
TORONTO, March 25, 2011 (GLOBE NEWSWIRE) -- Star8 Corporation ("Star8")
(Pink Sheets:IMNS) 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
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 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
For more information about Star8, please go to http://www.star8corp.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.
About Star8 Corporation
Star8 Corporation (Pink Sheets: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.
CONTACT: For Investors:
William Car
President, Star8 Corporation
info@star8corp.com
(905) 482-4670
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