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.
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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