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Playstar reports January revenues of $255,000/to guide 2007 revenues upward Playstar International SMS Corp. (PLYCF:PK)
TORONTO, Feb. 13 /PRNewswire-FirstCall/ - Playstar International SMS Corp., through its wholly owned subsidiary Premier Mobile Technologies Inc., today announced $255,000 in January revenue. These revenues were generated through the Company's SMS operations.
Stewart Garner stated 'what a tremendous start to the year and now that we have our USA short code approval and are ready for launch in the United States, we believe we'll see continued growth in our SMS businesses. Together, along with the development in our mobile games businesses, through our wholly owned subsidiary Function Inc., we believe 2007 will be a tremendous year for our shareholders. As a result, in the coming weeks, we will be guiding upwards our earlier revenue projections of $7 million for 2007.'
Stewart Garner also stated 'We will also be announcing one of our Canadian JV partners this week along with a Company Conference Call.'
Playstar International SMS Corp. is a Delaware corporation. Playstar International SMS Corp. recently incorporated in the State of Delaware and trades on the pink sheets under the symbol PLYCF. Current shares structure fully diluted is 99,933,246 outstanding. Authorized is 100,000,000. 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.
SOURCE Playstar Corporation
-------------------- Oldschool Posts: 62 | From: USA | Registered: Mar 2005
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* Stated 2007 revenues now to exceed earlier estimate of $7 million and to be stated in the coming weeks (2/13 pr)
* PLYCF is also working on some distribution partners which could significantly increase those projections.
* Stated they will be announcing a Canadian JV partner and have a Investor Conference Call this week (2/13 pr)
* Outstanding shares Only 99,933,246 fully diluted (from the 2/13/2007 pr) 52,336,246 free trading and 47,317,000 restricted (as per 12/20/2006) Authorized - 100,000,000
* Incorporated in the state of Delaware under the name Playstar International SMS Corp. as of Jan 24th, 2007
* National SMS March Madness Giveaways program rollout throughout Canada on Friday, Feb. 16th, 2007 through all the national phone carriers & directly marketing to all Canadian colleges and will expand this March Madness promotion throughout the USA with code approval (update: approved in 2/12 pr)
* Will be updating thier website and announcing thier joint venture partners
* Company states "minimum" short position of 15,000,000 shares discrepancy
* Acquired 100% of Function Inc. and will be launching proprietary pier to pier games throughout the world
* Function Inc has filed many patents and trademarks worldwide of its proprietary SMS Peer-to-Peer (P2P) Text Message (SMS) and Online games
* Stewart Garner (CEO) has also agreed to convert his personal loans in Playstar amounting to $175,000 to common shares of restricted stock at a conversion rate of 10 cents per share
* Company has no long term debt on the books going into 2007 (from 12/20 PR)
* Both 654321 www.texttowinbig.com and 99969 www.chitchattext.com are operational and generating revenue and other models for generating revenue are forthcoming shortly
* The company would also like to state that with the application with Impact Mobile (www.impactmobile.com) of 321321 short code for USA we have the ability to launch a North American contest with major distribution alliances
* Company states they have many exciting deals on the table
* The Transfer Agent Transfer Online has been notified by the company in writing to divulge total outstanding shares to any investor who calls.
* The company has no plans of financing or any dilution of its share capital in the near future except for a possible acquisition or major joint venture.
* Soon to Launch SMS Peer to Peer SMS and Online games
* Applications filed for #'s for Reverse auction,Chitchattext,marketing of its reverse auction proprietary software platform
* Company has retained the legal firm of Alice Roberts & Co. in Antigua to immediately work with our United States securities lawyer to prepare for migration to a US jurisdiction.
* Our goal is to now move forward with our accountants and auditor to get all filings up to date and refile for a bulletin board listing sometime in quarter 1 of 2007."
* Settles old debt of $500K and prepares for migration to United States jurisdiction
* Playstar Corporation entering massive China SMS marketplace
* Subscribed for a unique short code in China for use with voting on contests via television or internet Playstar 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% wholly owned subsidiary formed in China
* Company states >> Our opportunities at present time don't require us to pay for the mass marketing so the decision was simple.
* Launching private label for its 654321 & 321321 TextToWinBig codes and BID797979 codes for immediate use in North America by individuals, companies or charities
* Received final approval for its 321321 short code in USA for Launch (2/12 pr)
* Shareholder meeting date set for March 12, 2007 with symbol and cusip# change to follow after
all imo do your own DD
-------------------- Oldschool Posts: 62 | From: USA | Registered: Mar 2005
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posted
not going under .023 so everyone better buy now........i'm in .025......this ones a winner!
Posts: 234 | From: Virginia | Registered: Feb 2007
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posted
Everyone hold steady, this is gonna really break out soon.......HOT HOT HOT!!!
Posts: 234 | From: Virginia | Registered: Feb 2007
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Looking good. I've been waiting for this to pop for some time. Let's hope for nice and steady rise at this point.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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More news to come soon, company is going adjust 2007 revenues upward....so don't bail out until after we get a pop from more news!
Posts: 234 | From: Virginia | Registered: Feb 2007
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Playstar Corporation is recently announced that its 100% owned subsidiary Premier Mobile Technologies Inc. will commence its national NCAA MARCH MADNESS GIVEAWAYS program throughout Canada on Friday Feb 23rd 2007 through all the national phone carriers.
Premier Mobile Technologies will be offering 3 lucky winners 2 tickets plus airfare and $500 spending money to the 2007 NCAA Final Four in Atlanta, GA
Stewart Garner states "the NCAA march madness final four ticket is a hot item, and we're lucky to have secured 6 prime seats. We are preparing our marketing program to start Feb 23rd and run through to March 22nd which gives us a full month of massive marketing in Canada. If our 321321 short code in the USA is ready then we will add it to the marketing, but for now we are focusing on Canada." We are also looking forward to announcing one of our first joint venture partners for our March college trip giveaway as our launch date has been moved back to Feb 21st, due to our joint ventures marketing plans.
Stewart Garner also stated "details for the company public conference call will follow with the announcement of our first marketing Joint Venture Partner next week."
Playstar Corporation is an Antigua corporation and foreign filer on the pink sheets under the symbol PLYCF. Current shares structure fully diluted is 99,933,246 outstanding. Authorized is 100,000,000. Its transfer agent is Transfer Online of Portland Oregon.
Short codes, also known as short numbers or Common Short Codes (CSC) are special telephone numbers, significantly shorter than full telephone numbers, which can be used to send an SMS text.
Posts: 234 | From: Virginia | Registered: Feb 2007
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