TORONTO, Jan. 12, 2011 (GLOBE NEWSWIRE) -- Star8 Corporation (Pink Sheets:IMNS) is pleased to announce that it has licensed with the intent to acquire the Digifon Mail technology, a proven mobile email technology that will be incorporated into Star8's mobile devices.
When the acquisition of the mobile email technology is complete, Star8 will assume the contracts of the existing customers of the technology in Canada and Africa.
The mobile email technology was licensed and will be acquired from Wireless Trade Group (WTG), a private Canadian company focused on mobile phone distribution.
"We are excited to add this technology to our products," said William Car, President of Star8. "This will help us accelerate our strategy and we are looking forward to working with Wireless Trade Group going forward as a distributor of our product focused on the African markets."
Once the acquisition of the technology is complete, WTG will have approximately 25% ownership in Star8 Corporation.
For more information on Star8 Corporation, please go to .
For more information on Digifon Mail and Wireless Trade Group, please go to .
About Wireless Trade Group
Wireless Trade Group (WTG) is a leading provider of unique wireless products and solutions to operators, wholesalers, and channel partners. WTG uses unique global market intelligence and relationships to help its clients increase profitability.
WTG has established itself as a leader in providing solutions to the wireless industry in wireless product manufacturing, development and distribution, asset recovery and services. WTG is headquartered in Toronto, Ontario (Canada), with additional offices in Africa and Far East Asia.
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 more than a 1.5 Billion units in 2010 growing to 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 is 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