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Playstar pleased to report revenues of $200,000 with earnings and projections for 2007 of $7,000,000 Friday December 8, 8:47 am ET Playstar Corporation (PLYCF:PK)
TORONTO, Dec. 8 /PRNewswire-FirstCall/ - Playstar Corporation through its wholly owned subsidiary Premier Mobile Technologies Inc is pleased to announce that it has recorded over $200,000 in revenue through its SMS operations to date. These revenues were generated mostly in November as our short codes were launched in September and October of this year. Our monthly burn rate fluctuates with our development of software and industry consultants to launch various short codes. The company is pleased to be in a positive cash flow this early in its business model as its unaudited net revenue for November is around $72,000.
Premier Mobile currently is in major development of its broad line of short codes throughout North America including :
Also the company is in final stages of acquiring 51% of Function Inc and will be launching proprietary pier to pier games throughout the world.
Based on these numbers and extrapolating them on an annual basis with successful launches of its other short codes we are projecting revenues in excess of $7 million in 2007 .
Stewart Garner states" Our first quarter of revenue looks very promising as a profitable entity but will be re investing major portion in its cash into launching other short codes immediately. Building upon this model and launching our other key codes we came up with revenue projections of $7,000,000 for 2007. We are also working on some distribution partners which could significantly increase those projections. We are excited to launch all of our codes by end of first quarter 2007.
Playstar Corporation is an Antigua corporation and foreign filer on the pink sheets under the symbol PLYCF. There are currently 87,933,246 fully diluted shares consisting of 52,366,246 free trading and 35,567,000 restricted. Its transfer agent is transfer Online of Portland Oregon.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filings.
-------------------- Oldschool Posts: 62 | From: USA | Registered: Mar 2005
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Playstar Corp. (PLYCF) is pleased to announce that after a few months of negotiations and research it has decided to immediately subscribe for a unique short code in China for use with voting on contests via television or internet.
Playstar (PLYCF) is in final negotiations with a company in China to hub the project with us but the application and short code will be owned by Playstar Corporation or a 100 percent wholly subsidairy formed in China.
Posts: 27 | Registered: Dec 2006
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posted
looking good so far, heres to a great CY 2007
-------------------- When I read about the evils of drinking, I gave up reading -P.Hourning Posts: 21 | From: Maryland | Registered: Nov 2005
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